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. reports developments in semiconductor process-control equipment, including metrology, macro defect inspection, lithography for advanced packaging, factory analytics and wafer-quality systems. News commonly centers on operating results, guidance, customer evaluations and qualifications for Dragonfly® inspection platforms and 3Di™ metrology used in advanced packaging and high-bandwidth memory manufacturing.
Company updates also cover product launches, completed product-line acquisitions, material agreements, investor events and governance matters for a business serving chipmakers through U.S. manufacturing and a worldwide sales and service organization.
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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