Great question - we measure what the partnership builds, and our own filings show a divergence we don't resolve. The annual report states inspection units for AI advanced packaging decreased in 2025, while the calls guide advanced packaging up more than 50% with backlog nearly doubling. A mix shift toward metrology - Atlas G6 for newest logic and DRAM - and a digestion cycle between packaging waves both look operative as of the March quarter, not one or the other. That's the measurement we're living with.

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ONTO / The one thing in the record that doesn't line up

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/p/p-day-20260802-onto-src-onto-ai-inspection-tension-conversation ↗

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2026-08-02T14:32:31.889Z