Onto Innovation(US:ONTO)2025-06-25 09:23Company Overview - Onto Innovation is a high-tech capital equipment company specializing in optical process solutions for semiconductor and related markets[6] - The company has a trailing twelve month (TTM) revenue of $846 million[7] - The company's TTM adjusted EPS is $3.99[7] - The company has over 10,000 employees[7] - The company has over 1,500 active metrology & inspection tools installed[7] Market Trends and Growth Drivers - The AI server market is expected to grow at a compound annual growth rate (CAGR) of 42%[9] - Chiplet packaging is expected to grow at a CAGR of 80%[9] - Global EV charging station is expected to grow at a CAGR of 46%[9] - The company estimates its Total Available Market (TAM) will increase threefold due to the AI era, reaching $12.3 billion[12] Financial Guidance and Long-Term Model - The company's Q2 2024 revenue guidance is between $230 million and $240 million[32] - The company's Q2 2024 gross margin guidance is between 52% and 54%[32] - The company's Q2 2024 diluted EPS guidance is between $1.14 and $1.26[32] - The company's long-term organic operating model targets $1.8 billion in revenue[33]