Meyer Popuri's questions to Onto Innovation Inc (ONTO) leadership • Q3 2024
Question
Meyer Popuri, on for Craig Ellis, asked if the Q4 packaging pickup is driven by complexity or volume, about market share gains for the 3D inspection capabilities of the Dragonfly and Firefly tools, and for progress on converting VPAs into larger partnerships.
Answer
CEO Michael Plisinski explained the packaging strength comes from both new, complex processes and an intense focus on improving manufacturing yields. He clarified that recent 3D-related shipments were for a new 3D bump metrology tool currently in early customer evaluation, not the established 2D tools. Regarding the VPAs, he stated the focus is on executing the current agreements before discussing potential larger, future partnerships.