Onto Innovation Inc.
ONTOQ4 2023(ONTO Q3 FY2023)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$248.9M
AI Revenue (Q)
$10.4M
Total Revenue (Q)
$207.2M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2023 revenue was $207.2M, recovering from the trough. Samsung was 20% of 9-month revenue. Japan revenue surged to $32.6M (Q3 alone) from $13.8M in Q2 — possibly reflecting AI-related shipments. The FY2023 10-K mentions for the first time that end markets include 'components for artificial intelligence.' Advanced packaging demand for AI chips (HBM inspection, CoWoS quality control) was accelerating in H2 2023. Estimate 5% — modest but growing Dragonfly/inspection demand for AI packaging.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $207,185K for three months ended September 30, 2023
10-Q filed for period ending September 30, 2023
Samsung Semiconductor 20%, TSMC 11% of 9-month revenue
10-Q filed for period ending September 30, 2023, Note 14
AI Products Identified (Ring 1)
Dragonfly inspection systemsAdvanced 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