What does service — revenue mean?

Revenue earned from providing ongoing maintenance and support services for installed equipment.

How do you interpret service — revenue?

An increase suggests a growing installed base or higher utilization of service contracts, while a decrease may indicate lower equipment usage or customer churn.

How does service — revenue compare across companies?

Peers in the semiconductor capital equipment industry typically report this as 'Service and Support Revenue' or 'Aftermarket Revenue'.

Onto Innovation ONTO Service — Revenue

Discontinued — last reported Q3 '19

Similar metrics at other companies

MTDService Revenue — Revenue from Contract with Customer, Excluding Assessed Tax

$182.83M+12.3%

AEISService — Revenue

$40.86M-8.5%

MTDService — Revenue

$262.87M+12.4%

BRKRService — Revenue

$115.5M+11.9%

AEISService And Other — Revenue

$45.7M+2.9%

ILMNService and other revenue — Total Revenue

$165M+7.8%

Other financials

Income statement

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Revenue$291.9M+9.5%

Gross profit$146.4M+2.2%

Operating income$33.5M-46.9%

Net income$33.8M-1.3%

EPS (diluted)$0.67-48.5%

Balance sheet

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Cash & equivalents$252.2M+23.8%

Total debt$17.5M+15.3%

Total equity$2.1B+11.1%

Total assets$2.4B+13.3%

Cash flow

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Operating cash flow$26.3M-71.4%

CapEx$3.6M-56.5%

Free cash flow$22.7M-72.9%

Valuation

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Market cap$16.6B+70.5%

P/E121.8×+69.3×

P/S16.1×+6.6×

Profitability

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Gross margin48.8%-3.9pp

Operating margin10%-10.2pp

Net margin13.2%-4.9pp

FCF margin23.2%-1.0pp

Returns & leverage

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Return on equity6.7%-3.3pp

Debt / equity0×0.0×

Current ratio6.2×-2.3×

Where this comes from

Reported directly by Onto Innovation in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Onto Innovation’s 10-Q, filed November 7, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does service — revenue mean?: Revenue earned from providing ongoing maintenance and support services for installed equipment.
How do you interpret service — revenue?: An increase suggests a growing installed base or higher utilization of service contracts, while a decrease may indicate lower equipment usage or customer churn.
How does service — revenue compare across companies?: Peers in the semiconductor capital equipment industry typically report this as 'Service and Support Revenue' or 'Aftermarket Revenue'.