Onto Innovation posts record $409.7 million Q3 revenue, up 88% year over year

Onto Innovation reported record third-quarter revenue of $409.7 million, up 88% year over year, driven by demand for AI-related semiconductor solutions. The result underscores how AI infrastructure spending is flowing through to chip-equipment suppliers, not just chip designers. The company did not disclose additional segment or guidance figures in the release. Investors should watch for management commentary on order backlog and whether AI-driven demand sustains into coming quarters.