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ONTO · NYSE

Onto Innovation Inc.

Semiconductor Equipment & Materials · United States

USD 325.15-0.1% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$15.96B
Trailing P/E
122.24x
Forward P/E
27.80x
Quarterly revenue growth
35.3%
Trailing net margin
11.8%
Indicated dividend yield
—

Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-11-05 (provider estimate, not issuer-confirmed).

Company background

Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe. The company offers lithography systems and process control analytical software; and automated and integrated metrology systems, silicon wafer all-surface inspection, macro defect inspection, automated defect classification and pattern analysis, yield analysis, opaque film metrology, 4D business, advanced packaging lithography, process control software, and yield management software products. It also provides process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements. In addition, the company offers process control software portfolio that includes solutions for standalone tools, groups of tools, and factory-wide suites. Further, it engages in systems and software, spare parts, and other services, as well as offers software licensing services; and provides advanced product lines, such as FAaST, CnCV, and MBIR. The company's products are used in semiconductor and advanced packaging device manufacturers; silicon wafers; semiconductor integrated circuit fabricators; light emitting diodes; vertical-cavity surface-emitting lasers; micro-electromechanical systems; CMOS image sensors; silicon and compound semiconductor power devices; analog devices; RF filters; data storage; and various industrial and scientific applications. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.

Company website

Q2 2026

Go beyond the headline.

Onto Innovation (ONTO): A Record Quarter - And We Sit 34% Below The Lowest Analyst Target

Published 2026-08-07

Comparable businesses

ONTO peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricONTOOnto Innovation Inc.Snapshot 2026-10-06Financial period: 2026-06-30ACLSAxcelis Technologies, Inc.Snapshot 2026-10-06Financial period: 2026-06-30KLACKLA CorporationSnapshot 2026-10-06Financial period: 2026-06-30
Market capMarket value, converted to USDUS$15.96BUS$4.42BUS$264.43B
Forward P/EProvider forward earnings estimate27.80x27.19x30.22x
EV / EBITDAEnterprise value / trailing EBITDA50.35x40.87x44.84x
Revenue growthLatest quarter vs prior-year quarter35.3%10.6%15.2%
Operating marginLatest reported quarter23.0%9.4%42.5%
Free cash flow yieldTrailing cash flow / market cap1.3%1.0%1.0%
Net debt / EBITDANet debt / trailing EBITDA-1.33x-3.34x0.21x
Debt / equityTotal debt / positive book equity0.77x0.07x0.97x
Trailing P/ETrailing twelve-month earnings122.24x48.06x55.36x
Price / bookPrice / positive book equity per share8.29x4.15x41.71x
EV / salesEnterprise value / trailing revenue13.89x4.69x19.99x
Earnings growthLatest quarter vs prior-year quarter75.4%-23.5%13.8%
Gross marginTrailing twelve months55.5%43.0%61.3%
Net marginTrailing twelve months11.8%10.7%35.6%
Return on equityProvider trailing return; positive equity only6.8%8.9%87.5%
Free cash flow marginTrailing free cash flow / revenue18.1%4.9%19.3%
Dividend yieldIndicated annual dividend / price——0.5%
Earnings payoutProvider trailing dividend payout0.0%0.0%21.9%
Current ratioCurrent assets / current liabilities9.73x4.90x2.88x
BetaProvider historical market sensitivity1.581.851.45

Axcelis Technologies, Inc. (ACLS)

Smaller industry benchmark · 0.28x market cap

Semiconductor manufacturing equipment

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for ONTO

All available reporting periods
Q2 20262026-08-07
Q1 20262026-05-10

ONTO Stock: EPS Beats, Revenue Misses — Q1 2026

Presentation · 2026-05-10 · YouTube

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.