Onto Innovation Inc.
ONTOQ2 2025(ONTO Q1 FY2025)Estimated14% AI
AI Revenue %
14%
AI Fair Value
$739.4M
AI Revenue (Q)
$32.0M
Total Revenue (Q)
$228.8M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2025 revenue was $266.6M, up 17% YoY. Taiwan ($102.6M, 38%) and Korea ($93.3M, 35%) dominated — 73% of total revenue from the two major AI chip packaging regions. Customer A 24%, Customer B 21%, Customer C 14% (likely TSMC, Samsung, SK Hynix). Systems and software $231.2M (87%). The continued geographic concentration in Korea/Taiwan and customer concentration in HBM producers indicates sustained AI packaging inspection demand. Revenue was the highest quarterly level, suggesting Dragonfly demand remained strong. Estimate 14% — continuing the FY2024 Q4 level.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $266,607K for three months ended March 29, 2025
10-Q filed for period ending March 29, 2025
Taiwan $102,581K (38%), South Korea $93,314K (35%)
10-Q filed for period ending March 29, 2025, Note 14
Customer A 24%, Customer B 21%, Customer C 14%
10-Q filed for period ending March 29, 2025, Note 14
AI Products Identified (Ring 1)
Dragonfly inspection systemsAdvanced packaging inspection/metrology
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 nodesPanel-level packaging lithography
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix