Onto Innovation Inc.
ONTOQ2 2023(ONTO Q1 FY2023)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$95.8M
AI Revenue (Q)
$4.0M
Total Revenue (Q)
$199.2M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2023 revenue was $199.2M, down from $241.4M in Q1 FY2022. Revenue declined due to weakened demand environment in memory and advanced nodes. Samsung was 20% of Q1 revenue, TSMC 14%. Company initiated restructuring. Advanced packaging demand was beginning to emerge as a partial offset to advanced nodes weakness. Early HBM ramp was beginning at Samsung and SK Hynix — some Onto inspection tools (precursor to Dragonfly ramp) would serve these applications. Conservative estimate of 2% AI exposure given very early stage of HBM/CoWoS demand cycle for inspection tools.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $199,165K for three months ended April 1, 2023
10-Q filed for period ending April 1, 2023
Samsung Semiconductor 20%, TSMC 14% of Q1 revenue
10-Q filed for period ending April 1, 2023, Note 14
AI Products Identified (Ring 1)
Dragonfly inspection systems (early stage)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Optical metrology for advanced nodesAdvanced packaging inspectionLithography systems
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix