RECONCILIATION OF U.S. GAAP GROSS PROFIT, |
||||||||||||||||||||
OPERATING EXPENSES AND OPERATING INCOME TO NON-GAAP |
||||||||||||||||||||
GROSS PROFIT, OPERATING EXPENSES AND OPERATING INCOME |
||||||||||||||||||||
(In thousands, except percentages) - (Unaudited) |
||||||||||||||||||||
|
|
|
|
|
||||||||||||||||
|
Three Months Ended |
|
Twelve Months Ended |
|
||||||||||||||||
|
December 26, 2020 |
|
September 26, 2020 |
|
December 31, 2019* |
|
December 26, 2020 |
|
December 31, 2019* |
|
||||||||||
U.S. GAAP gross profit |
$ |
75,349 |
|
$ |
68,888 |
|
$ |
39,587 |
|
$ |
278,453 |
|
$ |
135,028 |
|
|||||
Pre-tax non-GAAP items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Merger related expenses |
|
505 |
|
|
(15 |
) |
|
15,388 |
|
|
10,724 |
|
|
15,388 |
|
|||||
Restructuring expense |
|
8,104 |
|
|
— |
|
|
5,945 |
|
|
8,104 |
|
|
5,945 |
|
|||||
Non-GAAP gross profit |
|
83,958 |
|
|
68,873 |
|
|
60,920 |
|
|
297,281 |
|
|
156,361 |
|
|||||
U.S. GAAP gross margin as a percentage of revenue |
|
49 |
% |
|
54 |
% |
|
33 |
% |
|
50 |
% |
|
44 |
% |
|||||
Non-GAAP gross margin as a percentage of revenue |
|
54 |
% |
|
54 |
% |
|
51 |
% |
|
53 |
% |
|
51 |
% |
|||||
U.S. GAAP operating expenses |
$ |
60,638 |
|
$ |
59,606 |
|
$ |
62,946 |
|
$ |
251,776 |
|
$ |
140,071 |
|
|||||
Pre-tax non-GAAP items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Merger related expenses |
|
1,647 |
|
|
645 |
|
|
9,867 |
|
|
5,906 |
|
|
14,761 |
|
|||||
Restructuring expense |
|
— |
|
|
228 |
|
|
3,116 |
|
|
3,399 |
|
|
3,116 |
|
|||||
Amortization of intangibles |
|
12,666 |
|
|
13,646 |
|
|
9,284 |
|
|
53,747 |
|
|
10,445 |
|
|||||
Non-GAAP operating expenses |
|
46,325 |
|
|
45,087 |
|
|
40,679 |
|
|
188,724 |
|
|
111,749 |
|
|||||
Non-GAAP operating income |
$ |
37,633 |
|
$ |
23,786 |
|
$ |
20,241 |
|
$ |
108,557 |
|
$ |
44,612 |
|
|||||
GAAP operating margin as a percentage of revenue |
|
9 |
% |
|
7 |
% |
|
(19 |
)% |
|
5 |
% |
|
(2 |
)% |
|||||
Non-GAAP operating margin as a percentage of revenue |
|
24 |
% |
|
19 |
% |
|
17 |
% |
|
20 |
% |
|
15 |
% |
Onto Innovation Reports 2020 Fourth Quarter and Full Year Results
| | More IC News |
|
*The results for December 2019 include the results of Rudolph Technologies Inc. through October 25, 2019 and Onto Innovation from October 26 to December 31, 2019.
RELATED NEWS
Latest Blog Posts
Team ShareCG
by Team ShareCG
Change in payment schedule for Vendors !!!