Record-Breaking Quarterly Revenue
Onto Innovation achieved a new quarterly revenue record of $264 million, marking a 21% increase compared to the prior year.
Growth in Specialty Device and Advanced Packaging Markets
The specialty device and advanced packaging markets grew by 30% for the calendar year, driven by strong AI packaging demand.
Improved Gross Margins
Gross margins improved every quarter in 2024, reaching nearly 55% in Q4.
Advanced Nodes Market Growth
Advanced nodes markets saw the fourth consecutive quarter of growth, with logic and memory both increasing.
Successful New Product Launches
Several new products aimed at advanced packaging, advanced nodes, and power semiconductors were launched and are in the process of being proven out at top semiconductor manufacturers.