Aug. 8 at 12:49 PM
$ONTO executive team noted the company expects a slowdown in Q3 (as others have mentioned).
Tariffs will occur in Q3 and Q4 for
$2 million and
$3 million respectively.
In Q3, ONTO will begin shipping new equipment from partners in Asia.
The call also highlighted several areas of progress: the scheduling of the next-generation Dragonfly system, the expansion of Iris, and the potential for JetStep.
Interestingly, the Semilab team agreed to the buyout without requiring 100% cash, opting instead for part of the compensation in ONTO stock to participate in the company’s future upside.
Boom.
