ONTO — Q3 Beat, Q4 Miss (Nov 2023)

Key Points

• Q3 beat with solid packaging segment performance
• Q4 miss driven by weaker advanced logic and memory segments
• Semiconductor capital equipment supplier tracking
• Market bifurcation between packaging and advanced node processing
• Key demand drivers in wafer processing equipment

Segment Analysis

• Packaging: Solid performance supporting growth thesis
• Advanced Logic & Memory: Weaker demand environment impacting results
• Bifurcation reflects different cyclical positions across end-markets

Source

• File: ONTO 3Q Beat_4Q Miss-Jefferies-Solid Packaging vs Weaker Adv Logic & Memory_10_Nov_2023.pdf
• Location: Dropbox/2. Semi/_Individual Stock/1. Semis/ONTO/
• Date: November 10, 2023

Related

• ONTO
• ONTO-Merger-Rationale
• ONTO-Haitong-Initiation
• Semiconductor Capital Equipment