Onto Innovation Inc.
ONTOQ3 2023(ONTO Q2 FY2023)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$146.6M
AI Revenue (Q)
$5.7M
Total Revenue (Q)
$190.7M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2023 revenue was $190.7M, the cyclical trough. Samsung remained largest customer at 21% of H1 revenue. The company noted that inspection and lithography product lines to customers in specialty devices and advanced packaging partially offset metrology declines. Southeast Asia revenue rose to $25.7M from $10.4M YoY — likely reflecting OSAT advanced packaging buildout. AI chip packaging (HBM, CoWoS) demand was growing but still early. Conservative estimate of 3% AI exposure.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $190,662K for three months ended July 1, 2023
10-Q filed for period ending July 1, 2023
Samsung Semiconductor 21% of H1 revenue, TSMC 13%
10-Q filed for period ending July 1, 2023, Note 14
AI Products Identified (Ring 1)
Dragonfly inspection systems (early stage)Advanced packaging inspection tools
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