Onto Innovation Inc.
ONTOQ3 2024(ONTO Q2 FY2024)Estimated10% AI
AI Revenue %
10%
AI Fair Value
$476.8M
AI Revenue (Q)
$24.2M
Total Revenue (Q)
$242.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 revenue was $242.3M. Korea + Taiwan = $130.3M (54% of revenue). TSMC 23%, Samsung 20%, SK Hynix 13% of H1 revenue. Systems and software increased to 87% of revenue. The geographic mix continuing to skew heavily toward Korea and Taiwan — the centers of HBM production and CoWoS advanced packaging — indicates growing AI-driven inspection demand. The FY2024 10-K later confirms this period's growth was driven by Dragonfly for AI. Estimate 10%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $242,327K for three months ended June 29, 2024
10-Q filed for period ending June 29, 2024
TSMC 23%, Samsung 20%, SK Hynix 13% of H1 revenue
10-Q filed for period ending June 29, 2024, Note 14
Systems and software $210,428 (87%)
10-Q filed for period ending June 29, 2024, 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