Onto Innovation Achieves Record Revenue in Q1 2025

Onto Innovation ( (ONTO) ) has released its Q1 earnings. Here is a breakdown of the information Onto Innovation presented to its investors.

Onto Innovation Inc. is a prominent player in the semiconductor industry, specializing in process control technologies that enhance wafer quality, metrology, defect inspection, and advanced semiconductor packaging. The company is known for its comprehensive solutions that address critical challenges in the semiconductor value chain.

Onto Innovation reported a record revenue of $267 million for the first quarter of 2025, marking its seventh consecutive quarter of growth. The company’s strong performance was driven by increased demand in advanced nodes and significant growth in its metrology and inspection solutions.

Key financial highlights include a GAAP gross margin of 54% and a non-GAAP gross margin of 55%, with GAAP operating income reaching $63 million and non-GAAP operating income at $76 million. The company also achieved a record cash flow from operations, amounting to $92 million, or 35% of its revenue. Business highlights featured a doubling of revenue from advanced nodes and a notable increase in Iris film metrology revenue, along with multiple shipments of 3D bump metrology systems.

Looking ahead, Onto Innovation anticipates revenue for the second quarter of 2025 to range between $240 million and $260 million. The company remains optimistic about its alignment with market demands and technological advancements, positioning itself for continued growth in the evolving semiconductor landscape.