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. (ONTO) is a leading name in the field of process control, known for its broad portfolio of advanced technologies. The company’s offerings span un-patterned wafer quality, 3D metrology covering chip features from nanometer-scale transistors to large die interconnects, macro defect inspection of wafers and packages, metal interconnect composition, factory analytics, and lithography for advanced semiconductor packaging. These solutions help customers address complex yield, device performance, quality, and reliability issues across the semiconductor value chain.
Headquartered in Wilmington, Massachusetts, Onto Innovation boasts a global sales and service organization, supporting customers worldwide. Traded on the New York Stock Exchange under the symbol ONTO, the company is engaged in designing, developing, manufacturing, and supporting high-performance control metrology, defect inspection, lithography, and data analysis systems. These are crucial for microelectronics device manufacturers, ensuring smarter, faster, and more efficient operations.
The company operates predominantly in the United States, Southeast Asia, China, Japan, and Europe, with Taiwan and South Korea being major sources of revenue. Onto Innovation's commitment to innovation enables it to stay at the forefront of the semiconductor industry, continuously optimizing the critical path of progress for its customers.
Recent achievements include advancements in 3D metrology and significant improvements in defect inspection technologies. The company is currently focused on expanding its technological capabilities and strengthening its market position through strategic partnerships and cutting-edge research and development projects.
Onto Innovation (NYSE: ONTO) has announced it will release its fourth quarter and full year 2024 financial results after market close on February 6, 2025. The company will host a conference call and audio webcast following the release, led by CEO Michael P. Plisinski and CFO Mark Slicer.
The conference call is scheduled for 4:30 p.m. ET on February 6, 2025. Participants can join via phone at (888) 394-8218 (US) or +1 (646) 828-8193 (International) using conference ID 1186967. A live webcast will be available on the company's website, and a replay will be accessible for one year at www.ontoinnovation.com.
Onto Innovation (NYSE: ONTO) announced advances in its 3D interconnect process control suite, featuring two key developments: the new 3Di™ technology on the Dragonfly® G3 system for bump process control in high bandwidth memory and advanced logic applications, and the EchoScan™ system for detecting micro-voids in wafer bonding applications.
Initial orders for the 3Di technology include a top HBM manufacturer, a tier one OSAT, and a leading bump process equipment manufacturer. The first EchoScan system will ship in Q1, with additional deliveries planned throughout 2025. The solutions address the growing market for advanced packages with 2.5D and 3D integration, projected to grow at 19% from 2024-2028.
The technologies specifically target decreasing interconnect bump heights in high volume manufacturing (from 12µm to potentially 4µm) and enable void detection as small as 1µm in wafer bonding applications, significantly improving upon current technologies to ≥10µm sensitivity.
Onto Innovation (NYSE: ONTO) has secured a significant $69 million volume purchase agreement with a leading DRAM manufacturer for its optical metrology ecosystem. The agreement covers common films, optical critical dimension, and integrated metrology solutions, with deliveries starting in Q1 2025.
The company has also announced the launch of its new Iris G2 system, a single platform film metrology system designed for both common and critical films applications. The system features deep ultraviolet spectroscopic ellipsometry for common films and proprietary laser ellipsometry technologies for critical films. This innovation targets the critical films market, estimated to reach $400 million in 2025.
The company reports that demand for its films metrology has nearly doubled year over year. The Iris G2 system aims to provide improved stability and higher throughput for ultra-thin multilayer films measuring 10Å to 50Å, while offering customers flexibility in optimizing cost of ownership and performance.
Onto Innovation (NYSE: ONTO) has announced its participation in the 27th Annual Needham Growth Conference, scheduled at the Lotte New York Palace Hotel on January 15, 2025. Michael Plisinski, CEO, and Mark Slicer, CFO, will represent the company, with Plisinski delivering a presentation at 8:45 a.m. ET.
Investors can access the live webcast through the company's investor relations website. The company will be available for one-on-one meetings throughout January 15. All presentation materials and the archived webcast will remain accessible for one year on Onto's investor relations webpage at investors.ontoinnovation.com. Interested parties should contact their Needham salesperson to arrange meetings.
Onto Innovation (NYSE: ONTO) reported strong Q3 2024 financial results with revenue of $252 million, driven by recovery in advanced nodes and strength in advanced packaging supporting AI demand. The company achieved GAAP gross margin of 54% and non-GAAP gross margin of 55%. GAAP diluted EPS reached $1.07, while non-GAAP diluted EPS was $1.34. Notable achievements include record quarterly inspection revenue, record revenue from power semiconductor customers, and over 30% sequential growth in advanced nodes customers. The company expects Q4 2024 revenue between $253-267 million with non-GAAP diluted EPS of $1.33-1.48.
Onto Innovation (NYSE: ONTO) has announced two strategic acquisitions: Lumina Instruments and Kulicke and Soffa's lithography business. Lumina's laser scattering technology expands Onto's inspection portfolio, adding a $250 million addressable market in wafer and panel manufacturing. The Kulicke and Soffa acquisition includes 24 patents, 8 pending patents, and extensive lithography expertise. The combined acquisitions are projected to generate up to $100 million in annual revenue within three years and become earnings accretive within 12 months.
Onto Innovation Inc. (NYSE: ONTO) has announced it will release its 2024 third quarter financial results shortly after the market closes on October 31, 2024. The company will host a conference call and audio webcast to discuss these results on the same day at 4:30 p.m. (ET).
To participate in the call, investors can dial (888) 204-4368 (domestic) or +1 (646) 828-8193 (international) and reference conference ID 9129765. A live webcast will also be available on Onto Innovation's website. The call will be hosted by Michael P. Plisinski, CEO, and Mark Slicer, CFO. A replay of the conference call will be available on the company's website for one year.
Onto Innovation Inc. (NYSE: ONTO) has announced the opening of its Packaging Applications Center of Excellence (PACE) in Wilmington, Massachusetts. This first-of-its-kind facility in the U.S. is dedicated to panel-level packaging (PLP) innovations for 2.5D and 3D chiplet architectures and AI packages. PACE brings together industry leaders in substrate manufacturing, process equipment, and materials to accelerate technology roadmaps and shorten time to market.
Key features of PACE include:
- Collaboration with partners like ASMPT, Corning, and Lam Research
- Focus on sub-1.5µm line/space panel interconnects
- Access to Onto's JetStep® X500 glass panel handling lithography system
- Discover® Command Center for data analytics and process controls
The facility aims to address challenges in glass core substrates and support the evolving AI landscape. A grand opening event is scheduled for September 30, 2024.
Onto Innovation Inc. (NYSE: ONTO) has announced its participation in several upcoming investor events throughout August and September 2024. These events include:
- Needham 5th Annual Virtual Semiconductor & SemiCap 1x1 Conference (August 22)
- Evercore ISI 2024 Semiconductor, IT Hardware & Networking Conference (August 27)
- Jefferies Semiconductor, IT Hardware & Communications Technology Conference (August 28)
- Benchmark 2024 Tech, Media & Telecom Conference (September 4)
- Citi 2024 Global TMT Conference (September 5)
- B. Riley Securities Consumer & TMT Conference (September 12)
CEO Michael Plisinski will participate in a fireside chat at the Citi conference on September 5 at 7:30 a.m. ET. The chat will be available via webcast on the company's website, with a replay accessible for one year.
Onto Innovation Inc. (NYSE: ONTO) reported strong Q2 2024 financial results, exceeding guidance with revenue of $242 million. The company saw increased demand for AI packaging and orders for emerging gate-all-around nodes. Key highlights include:
- GAAP gross margin and non-GAAP gross margin of 53%
- GAAP diluted EPS of $1.07 and non-GAAP diluted EPS of $1.32
- Record cash from operations of $65 million (27% of revenue)
- Specialty and advanced packaging revenue set a quarterly record of $164 million
- Closed over $300 million in volume purchase agreements for AI advanced packaging and gate-all-around investments through 2025
The company expects Q3 2024 revenue between $245-$255 million and non-GAAP diluted EPS of $1.25-$1.35.
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