10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-23-017969 |
| Period End Date | 20230331 |
| Filing Date | 20230504 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | onto-20230401_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowances for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$1.57M | USD | Point-in-time |
| Allowances for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$1.12M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$230.48M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$175.87M | USD | Point-in-time |
| Marketable securities |
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
$371.91M | USD | Point-in-time |
| Marketable securities |
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
$353.03M | USD | Point-in-time |
| Accounts receivable, less allowance of $1,182 and $1,303 |
AccountsReceivableNetCurrent
|
$209.62M | USD | Point-in-time |
| Accounts receivable, less allowance of $1,182 and $1,303 |
AccountsReceivableNetCurrent
|
$241.40M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$324.28M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$338.36M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$21.41M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$23.60M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.13B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.16B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$91.98M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$97.62M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$315.81M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$315.81M | USD | Point-in-time |
| Identifiable intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$222.20M | USD | Point-in-time |
| Identifiable intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$208.37M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxAssetsNet
|
$4.79M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxAssetsNet
|
$4.78M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$21.15M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$25.23M | USD | Point-in-time |
| Total assets |
Assets
|
$1.79B | USD | Point-in-time |
| Total assets |
Assets
|
$1.80B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$53.70M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$54.53M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$37.80M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$48.84M | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$30.16M | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$27.70M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$29.21M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$27.03M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$148.42M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$160.56M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$7.37M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$1.74M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$28.06M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$30.51M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$178.22M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$198.44M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$49.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$49.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.24B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.24B | USD | Point-in-time |
| Accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-7.53M | USD | Point-in-time |
| Accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-10.01M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$390.26M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$362.76M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$1.62B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$1.43B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$1.47B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$1.60B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.80B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.79B | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$199.16M | USD | 1 Quarter |
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$241.35M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$110.33M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$94.19M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$104.97M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$131.02M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$26.34M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$27.24M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$15.63M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$15.64M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$19.24M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$16.49M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$13.82M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$13.82M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$75.94M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$72.28M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$58.74M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$29.04M | USD | 1 Quarter |
| Interest income, net |
InterestIncomeExpenseNonoperatingNet
|
$3.45M | USD | 1 Quarter |
| Interest income, net |
InterestIncomeExpenseNonoperatingNet
|
$377.00K | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-281.00K | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-204.00K | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$58.92M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$32.20M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$3.13M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$5.59M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$29.07M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$53.33M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$1.08 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.60 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.59 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$1.07 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
48.79M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
49.44M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
49.91M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
49.11M | shares | 1 Quarter |
Cash Flow Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$53.33M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$29.07M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$13.82M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$13.82M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$2.37M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$2.92M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$4.83M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$6.12M | USD | 1 Quarter |
| Provision for inventory valuation |
ProvisionForInventoryValuation
|
$5.36M | USD | 1 Quarter |
| Provision for inventory valuation |
ProvisionForInventoryValuation
|
$2.12M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-5.63M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-6.85M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$1.23M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$611.00K | USD | 1 Quarter |
| Changes in operating assets and liabilities, net of effects of business acquired |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-25.38M | USD | 1 Quarter |
| Changes in operating assets and liabilities, net of effects of business acquired |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$983.00K | USD | 1 Quarter |
| Net cash and cash equivalents provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$50.07M | USD | 1 Quarter |
| Net cash and cash equivalents provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$45.46M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$88.59M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$97.49M | USD | 1 Quarter |
| Proceeds from maturities and sales of marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$109.68M | USD | 1 Quarter |
| Proceeds from maturities and sales of marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$66.68M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.49M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$7.86M | USD | 1 Quarter |
| Net cash and cash equivalents used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$13.24M | USD | 1 Quarter |
| Net cash and cash equivalents used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-33.30M | USD | 1 Quarter |
| Purchases and retirement of common stock |
PaymentsForRepurchaseOfCommonStock
|
$3.20M | USD | 1 Quarter |
| Purchases and retirement of common stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Tax payments related to shares withheld for share-based compensation plans |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$6.27M | USD | 1 Quarter |
| Tax payments related to shares withheld for share-based compensation plans |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$5.29M | USD | 1 Quarter |
| Payment of contingent consideration for acquired business |
PaymentForContingentConsiderationLiabilityFinancingActivities
|
$2.29M | USD | 1 Quarter |
| Payment of contingent consideration for acquired business |
PaymentForContingentConsiderationLiabilityFinancingActivities
|
- | USD | 1 Quarter |
| Issuance of shares through share-based compensation plans |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$6.00K | USD | 1 Quarter |
| Issuance of shares through share-based compensation plans |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
- | USD | 1 Quarter |
| Net cash and cash equivalents used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-9.47M | USD | 1 Quarter |
| Net cash and cash equivalents used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-7.57M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$-1.73M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$777.00K | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$2.86M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$54.61M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$230.48M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$175.87M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$169.60M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$172.46M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$230.48M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$175.87M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$169.60M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$172.46M | USD | Point-in-time |
| Income taxes paid (net of refunds) |
IncomeTaxesPaidNet
|
$808.00K | USD | 1 Quarter |
| Income taxes paid (net of refunds) |
IncomeTaxesPaidNet
|
$1.33M | USD | 1 Quarter |
Stockholders Equity
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$29.07M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$53.33M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$6.12M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$4.83M | USD | 1 Quarter |
| Issuance of shares through share-based compensation plans |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Issuance of shares through share-based compensation plans |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$6.00K | USD | 1 Quarter |
| Purchases of common stock |
StockRepurchasedAndRetiredDuringPeriodValue
|
$-3.20M | USD | 1 Quarter |
| Purchases of common stock (in shares) |
StockRepurchasedAndRetiredDuringPeriodShares
|
46,000.00 | shares | 1 Quarter |
| Share-based compensation plan withholdings |
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensations
|
$-6.27M | USD | 1 Quarter |
| Share-based compensation plan withholdings |
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensations
|
$5.29M | USD | 1 Quarter |
| Currency translation |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.09M | USD | 1 Quarter |
| Currency translation |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-3.61M | USD | 1 Quarter |
| Unrealized gain (loss) on investments |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$1.39M | USD | 1 Quarter |
| Unrealized gain (loss) on investments |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-3.00M | USD | 1 Quarter |
| Balance - Ending Balance |
StockholdersEquity
|
$1.62B | USD | Point-in-time |
| Balance - Ending Balance |
StockholdersEquity
|
$1.43B | USD | Point-in-time |
| Balance - Ending Balance |
StockholdersEquity
|
$1.47B | USD | Point-in-time |
| Balance - Ending Balance |
StockholdersEquity
|
$1.60B | USD | Point-in-time |
| Balance - Beginning Balance |
StockholdersEquity
|
$1.62B | USD | Point-in-time |
| Balance - Beginning Balance |
StockholdersEquity
|
$1.43B | USD | Point-in-time |
| Balance - Beginning Balance |
StockholdersEquity
|
$1.47B | USD | Point-in-time |
| Balance - Beginning Balance |
StockholdersEquity
|
$1.60B | USD | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$29.07M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$53.33M | USD | 1 Quarter |
| Change in net unrealized gains (losses) on available-for-sale marketable securities |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
$1.39M | USD | 1 Quarter |
| Change in net unrealized gains (losses) on available-for-sale marketable securities |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
$-3.00M | USD | 1 Quarter |
| Change in currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.09M | USD | 1 Quarter |
| Change in currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-3.61M | USD | 1 Quarter |
| Total other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-6.61M | USD | 1 Quarter |
| Total other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$2.48M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$31.55M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$46.72M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.