Onto Innovation Inc.
ONTOQ4 2025(ONTO Q3 FY2025)Estimated12% AI
AI Revenue %
12%
AI Fair Value
$569.0M
AI Revenue (Q)
$86.8M
Total Revenue (Q)
$723.4M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2025 revenue was $218.2M, down 13.5% YoY from $252.2M. Systems and software dropped to 80% ($173.8M vs. $217.1M). Korea + Taiwan = $104.1M (48% of revenue, down from 62% in Q3 FY2024). Significant restructuring charges continued ($11.4M in Q3). US revenue surged to $37.8M (17%) from $22.0M (9%) in Q3 FY2024, suggesting non-AI domestic demand replacing some AI packaging shipments. The decline in systems and software revenue, reduced Korea/Taiwan mix, and increasing restructuring all point to a normalization of the AI packaging inspection supercycle. 9-month Customer A 21%, Customer B 18%, Customer C 14%. Estimate 12% — modestly lower as the Dragonfly AI packaging intensity declined from peak levels.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $218,193K for three months ended September 27, 2025
10-Q filed for period ending September 27, 2025
Systems and software $173,795 (80%) vs. $217,135 (86%) in Q3 FY2024
10-Q filed for period ending September 27, 2025, Note 15
Korea $44,864K, Taiwan $59,243K for Q3 (48% combined, vs. 62% Q3 FY2024)
10-Q filed for period ending September 27, 2025, Note 15
9-month Customer A 21%, Customer B 18%, Customer C 14%
10-Q filed for period ending September 27, 2025, Note 15
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