Onto Innovation Inc.
ONTOQ4 2024(ONTO Q3 FY2024)Estimated12% AI
AI Revenue %
12%
AI Fair Value
$625.0M
AI Revenue (Q)
$71.6M
Total Revenue (Q)
$597.0M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2024 revenue was $252.2M. Korea + Taiwan = $155.3M (62% of revenue). Three unnamed customers (likely TSMC, Samsung, SK Hynix) accounted for 52% of 9-month revenue (Customer A 20%, Customer B 19%, Customer C 13%). Systems and software was 86% of revenue. The concentration in Korea/Taiwan and HBM customers continued increasing. The FY2024 10-K confirms that the year's revenue increase was 'primarily due to an increase in sales in our inspection business of Dragonfly systems and other products in support of advanced packaging needs for chips used in Artificial Intelligence (AI) applications.' Estimate 12%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $252,210K for three months ended September 28, 2024
10-Q filed for period ending September 28, 2024
Customer A 20%, Customer B 19%, Customer C 13% of 9-month revenue
10-Q filed for period ending September 28, 2024, Note 14
South Korea $77,014K, Taiwan $78,273K for Q3 2024 (62% combined)
10-Q filed for period ending September 28, 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