Welcome to our dedicated page for Onto Innovation news (Ticker: ONTO), a resource for investors and traders seeking the latest updates and insights on Onto Innovation stock.
Onto Innovation Inc. (NYSE: ONTO) is a process control and semiconductor equipment company whose news flow centers on technology introductions, customer recognition, acquisitions and financial performance. The company designs and supports metrology, defect inspection, lithography and data analysis systems used by microelectronics device manufacturers, and its announcements often highlight how these tools address yield, performance, quality and reliability issues across the semiconductor value chain.
News about Onto Innovation frequently covers product launches and technology updates, such as the Atlas G6 optical critical dimension metrology system and the expansion of Dragonfly 3Di metrology and inspection platforms for advanced node logic, high bandwidth memory and AI‑focused packaging. These releases describe capabilities in un‑patterned wafer quality, 3D metrology, macro defect inspection, metal interconnect composition and factory analytics, as well as the integration of machine learning and predictive analytics into process control applications.
Investors and industry followers will also see customer and partner‑related news, including recognition from major foundries. For example, Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) presented Onto Innovation with an “Excellent Production Support” award, citing the company’s support of deliveries and use of artificial intelligence technologies in metrology and inspection systems.
Another key theme in ONTO news is corporate development and M&A. The company has reported on its agreement to acquire, and subsequent completion of the acquisition of, Semilab USA LLC and related materials analysis product lines, as well as updates on regulatory review and transaction terms through Form 8‑K filings and press releases.
Regular earnings releases and investor event announcements provide updates on quarterly results, financial outlook and participation in technology and semiconductor conferences. For ongoing coverage of ONTO, this page aggregates these technology, customer, acquisition and financial disclosures in one place.
Onto Innovation has introduced its new glass substrate suite, featuring the JetStep X500 lithography system with hybrid substrate handling capabilities and the Firefly G3 sub-micron automatic metrology and inspection system. These systems support panel-level packaging for AI, high-performance computing, and cloud computing. The AICS market is projected to grow at a 10% CAGR from 2023 to 2028. This growth is driven by the need for more stable substrates like glass, especially as organic substrate redistribution layers face challenges below 3µm. The JetStep X500 offers sub-1.5µm resolution and can expose areas up to 250mm x 250mm. The Firefly G3 system provides precise inspection and metrology for both organic and glass panels, including via measurement and defect inspection. This suite positions Onto for growth in the advanced packaging market.
Onto Innovation (NYSE: ONTO) will exhibit at SEMICON West, July 9-11, 2024, at Booth 633 in the South Hall of Moscone Center.
Onto will showcase its latest integrated process and process control solutions supporting AI product ramp-up, advanced packaging, lithography, and 3D metrology technologies, among others.
These technologies cater to advanced node logic, memory applications, and specialty devices for the automotive market and electric vehicles.
In addition to the exhibit, Onto will host customer and investor meetings, and feature two technical presentations on semiconductor manufacturing and defect classification.
Onto Innovation Inc. (NYSE: ONTO) announced its participation in upcoming investor events including the B. Riley Securities 24th Annual Institutional Investor Conference, Stifel 2024 Cross Sector Insight Conference, and Wolfe Research Small and Mid-Cap Conference. Management will be available for one-on-one meetings on specific dates and times at each event.
Onto Innovation reported their financial results for the first fiscal quarter of 2024, with revenue reaching $229 million driven by customer capacity expansions for high-performance computing and high bandwidth memory supporting AI market growth. The GAAP gross margin and non-GAAP gross margin were 52%, with GAAP operating income of $43 million and GAAP net income of $47 million. Non-GAAP operating income was $57 million and non-GAAP net income reached $58 million. First quarter highlights include revenue from specialty and advanced packaging customers reaching a record $161 million, Dragonfly G3 inspection system shipments increasing by over 30%, and new capabilities released for the Dragonfly G3 inspection system enabling 100% wafer inspection for critical sub-surface defects.
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