Onto Innovation Inc.
ONTOQ1 2024(ONTO Q4 FY2023)Estimated6% AI
AI Revenue %
6%
AI Fair Value
$257.2M
AI Revenue (Q)
$12.4M
Total Revenue (Q)
$207.2M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q4 FY2023 revenue was $218.9M (derived: annual $815.9M minus 9-month $597.0M). Full-year 10-K first mentions AI in business description. Revenue decline from FY2022 was 'partially offset by increases in sales to wafer substrate, memory and discrete & specialty customers in specialty device and advanced packaging applications.' The advanced packaging offset includes some AI-driven inspection demand (HBM inspection at SK Hynix/Samsung). FY2023 full-year inspection and lithography product lines grew while metrology declined. Estimate 6% as AI packaging inspection demand continued building into FY2024.
Analyzed by claude-opus-4-6
Quoted Figures
Full-year revenue $815,868K; decline 'partially offset by increases in sales to wafer substrate, memory and discrete & specialty customers in specialty device and advanced packaging applications'
10-K for fiscal year ended December 30, 2023, Item 7 MD&A
FY2023 mentions 'components for artificial intelligence' as end market for first time
10-K for fiscal year ended December 30, 2023, Item 7 MD&A
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