Description

Onto Innovation: Will Its High Bandwidth Memory (HBM) Expansion Bring A Shift In The Competitive Dynamics? 

Onto Innovation reported its third-quarter financial results for 2024, demonstrating several strengths and challenges that inform its investment outlook. The company achieved a revenue of $252 million, marking a 4% sequential increase and a 22% rise year-over-year. This performance set a new quarterly record for inspection revenue, indicating robust demand within its specialty device and advanced packaging segments. A notable driver was the growth in AI packaging revenue, particularly in high-bandwidth memory (HBM), despite a slight decline in 2.5D logic packaging. Revenue from power devices was also strong, benefiting from increased demand for metrology and inspection process control systems, linked to efforts to improve yields amidst wafer size transitions.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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