Onto Innovation (ONTO) FY Earnings Call Presentation

Financial Performance & Growth - Onto Innovation's revenue reached $983 million, a 20% year-over-year increase in 2024[5] - The company's non-GAAP EPS increased by 40% year-over-year to $5.24 in 2024[5] - Operating cash flow was approximately $250 million, representing about 25% of revenue in 2024[5] - The company outperformed the overall WFE (Wafer Fab Equipment) market with a 70% growth rate[6] - Onto Innovation's three-year CAGR (Compound Annual Growth Rate) from 2021 to 2024 outperformed WFE[7] Market Opportunities & New Products - The AI packaging market is expected to grow at a 10% CAGR through 2028[9] - New products are expected to add approximately $300 million in Served Available Market (SAM) by 2026 in AI packaging[21] - The company launched four new products for packaging, expanding its growth opportunities in AI packaging[19] - The total films SAM (Served Available Market) is projected to reach ~$400 million, with an 8% CAGR for common films[44] - A new unpatterned inspection technology is expected to address a $250 million SAM in 2028[51]