Onto Innovation reports Q1 adjusted EPS $1.18, consensus $1.08

Reports Q1 revenue $229M, consensus $222.55M. Michael Plisinski, chief executive officer of Onto Innovation, commented, “We are very proud of our longstanding partnerships with the market leaders enabling the new era of AI through their innovations in 3D and 2.5D packaging. The increasing complexity of advanced packaging is not only creating new opportunities for our Dragonfly systems, but we are also seeing adoption of our front-end metrology systems. High performance computing for AI is currently creating demand for our packaging inspection and metrology systems, and we are beginning to see increases in demand for advanced memory and new chiplet architectures, setting the stage for what we expect to be a stronger 2025.”