Zacks Investment Research·Jun 26, 2026
Onto Innovation (ONTO) Suffers a Larger Drop Than the General Market: Key InsightsIn the latest trading session, Onto Innovation (ONTO) closed at $323.92, marking a -5.9% move from the previous day.
Onto Innovation Inc.(ONTO)Earnings, Financials & Key Ratios
ONTO•NYSE
$351.36
126.4× P/E·Price updated Jul 2, 2026
SectorTechnologyIndustrySemiconductorsSub-IndustrySemiconductor Test, Metrology and Inspection Equipment
AboutOnto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. The company also provides spare parts and software licensing services. Its products are used by semiconductor and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; RF filter; data storage; and various industrial and scientific applications. The company was formerly known as Rudolph Technologies, Inc. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.Show more
- Revenue$1.01B+1.8%
- EBITDA$193M-22.5%
- Net Income$137M-32.2%
- EPS (Diluted)2.78-31.5%
- Gross Margin49.72%-4.7%
- EBITDA Margin19.24%-23.9%
- Operating Margin13.22%-30.2%
- Net Margin13.6%-33.4%
- ROE6.79%-38.3%
ONTO Price & Volume
Onto Innovation Inc. (ONTO) stock price & volume — 10-year historical chart
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Cyclical Volatility Challenges Onto Innovation Margin Stability
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Cyclicality and Geopolitical Exposure
Key Thesis Takeaways
- Onto Innovation faces a complex outlook characterized by significant revenue cyclicality, as evidenced by the swing from a 13.5% contraction in 2025Q3 to 9.5% growth in 2026Q1.
- While the company maintains a fortress balance sheet with a negligible debt-to-equity ratio of 0.01, investors should monitor the impact of high fixed-cost structures on operating margins, which compressed from 23.7% in 2025Q1 to 11.5% in 2026Q1.
- Future performance remains contingent on the successful integration of acquisitions, as goodwill has ballooned to $643.5 million, representing a substantial portion of total equity.
Verdict Logic
while the company maintains a strong liquidity position with a current ratio of 6.15 as of 2026Q1, the high forward P/E of 45.02 and volatile earnings quality warrant a cautious approach until operating margins stabilize.
ONTO Growth Metrics
Onto Innovation Inc. (ONTO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years16.32%
5 Years12.55%
3 Years0%
TTM-1.54%
Profit CAGR
10 Years22.51%
5 Years34.54%
3 Years-15.08%
TTM-50.45%
EPS CAGR
10 Years17.38%
5 Years34.57%
3 Years-14.77%
TTM-50.58%
Return on Capital
10 Years10.15%
5 Years9.91%
3 Years7.81%
Last Year6.49%
ONTO Recent Earnings
Onto Innovation Inc. (ONTO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$1.42+0.0%
$1.42
Rev
$292M-0.0%
$292M
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$1.26-1.6%
$1.28
Rev
$267M-0.2%
$267M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.92+2.9%
$0.89
Rev
$218M-0.9%
$220M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$1.25-1.6%
$1.27
Rev
$254M+14.5%
$222M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.42vs $1.42+0.0% | $292Mvs $292M-0.0% |
| Q1 2026 | Feb 19, 2026 | $1.26vs $1.28-1.6% | $267Mvs $267M-0.2% |
| Q4 2025 | Nov 6, 2025 | $0.92vs $0.89+2.9% | $218Mvs $220M-0.9% |
| Q3 2025 | Aug 7, 2025 | $1.25vs $1.27-1.6% | $254Mvs $222M+14.5% |
Based on last 12 quarters of dataView full earnings history →
Latest ONTO News
Recent stock market news and headlines for Onto Innovation Inc. (ONTO)
Seeking Alpha·Jun 24, 2026
Onto Innovation: At Lifetime Highs, But Still Worth Getting BehindOnto Innovation which has surged by over 260% and has outperformed the Russell 1000 by 10x over the past year, is still deemed worthy of a buy rating. ONTO is positioned across front-end and back-end semiconductor manufacturing, with over 60% of revenue now AI compute-related, with >$1B worth of opportunities ahead. Operating margins which are at 26.7% are poised to expand to 30% by the end of the year, as advanced node opportunities pick up.
GuruFocus·Jun 23, 2026
Onto Innovation Inc (ONTO) Stock Down 9.2% but Still Overvalued -- GF Score: 78/100On June 23, 2026, Onto Innovation Inc (ONTO) shares fell 9.2% today, closing at $315.88. This move comes after a strong year of performance, with shares up 236.
Zacks Investment Research·Jun 22, 2026
ONTO vs. KLAC: Which Semiconductor Equipment Stock is the Better Bet?Onto Innovation and KLA are riding AI-driven chip demand, but their growth paths, valuations and advanced packaging exposure differ.
Zacks Investment Research·Jun 17, 2026
How is Onto Innovation Capitalizing on Advanced Packaging Demand?ONTO is benefiting from AI-driven advanced packaging demand with Dragonfly G5 adoption, expanding customer wins and a pipeline targeting new market share.
Peers Comparison
Key metrics vs top competitors for Onto Innovation Inc. (ONTO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $351.36 | $17.48B | 126.39 | 1.82% | 13.6% | 6.79% | — | |
| $133.81 | $7B | 9999.00 | -7.38% | 0.4% | 0.37% | — | |
| $69.11 | $3.25B | -43.47 | 12.74% | -11.54% | -6.84% | — | |
| $147.13 | $11.47B | 213.23 | 2.8% | 8.14% | 6.68% | — | |
| $117.16 | $7.76B | 85.52 | 15.24% | 9.48% | 5.13% | — | |
| $155.48 | $7.16B | 149.50 | 15.57% | 28.36% | 23.49% | — |
Compare ONTO vs Peers
Onto Innovation Inc. (ONTO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ONTO SEC Filings & Documents
Onto Innovation Inc. (ONTO) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
Apr 21, 2026·SEC
Material company update
Apr 16, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
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ONTO Frequently Asked Questions
Onto Innovation Inc. (ONTO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Onto Innovation Inc.'s revenue?
Onto Innovation Inc. (ONTO) reported $1.03B in revenue for fiscal year 2025. This represents a 3301% increase from $30.3M in 1996.
How fast is Onto Innovation Inc. growing?
Onto Innovation Inc. (ONTO) grew revenue by 1.8% over the past year. Growth has been modest.
Is ONTO profitable?
Yes, Onto Innovation Inc. (ONTO) is profitable, generating $106.4M in net income for fiscal year 2025 (13.6% net margin).
Dividend & Returns
What is ONTO's return on equity?
Onto Innovation Inc. (ONTO) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.
What is Onto Innovation Inc.'s free cash flow?
Onto Innovation Inc. (ONTO) generated $238.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.