Onto Innovation(ONTO) - 2023 Q1 - Earnings Call Transcript

Thanks Mike and good afternoon everyone. As Mike highlighted, we closed the first quarter with revenue of $199 million, down 17% over the same period last year and just below the midpoint of our first quarter guidance range, while achieving an EPS of$ 0.92, which is $0.04 above the midpoint of our EPS guidance range of$ 0.80 to $0.95. The impact of the memory – of the memory market being the biggest driver of this revenue decline after coming off our record setting fourth quarter and year. Quinn Bolton Yes. ...