Onto Innovation Inc. provided earnings guidance for the fourth quarter ending December 31, 2022. For the fourth quarter, the company's revenue is expected to be in the range of $244 million to $256 million and GAAP diluted earnings per share is expected to be in the range of $0.97 to $1.12.

For the year 2023, the company expects revenue in 2023 to decline 10% to 15%, including the negative impact of about $80 million from new restrictions on equipment sales to China.