Onto Innovation
Supplies metrology, inspection, lithography, and analytics systems across semiconductor manufacturing.
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Profile
Sells metrology, inspection, lithography, and process-control software for semiconductor wafer production, front-end manufacturing, and advanced packaging. A worldwide footprint supports a portfolio formed by the 2019 Nanometrics-Rudolph merger and expanded through adjacent measurement technologies.
Builds process-control systems for semiconductor manufacturing, spanning optical metrology, inspection, lithography, and factory analytics. Products serve unpatterned-wafer quality, front-end process control, and advanced-packaging production.
Operations extend across the United States, Asia-Pacific, and Europe, with a little over half of the workforce in the United States. Shared optics and software capabilities connect the product lines, while acquired technologies have added overlay control, laser-scattering inspection, panel lithography, and materials analysis.
The portfolio reflects the 2019 combination of Nanometrics and Rudolph Technologies rather than a newly built single-line business. A pending minority investment in Rigaku would add an X-ray process-control collaboration and remains subject to regulatory approvals.
Company facts
Key statistics
Year to date +63.2% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 17, 2026 | Goldman Sachs | Initiate | Buy | $400 | |
| Aug 7, 2026 | Morgan Stanley | Reiterate | Overweight | $371 | $383 |
| Aug 7, 2026 | Needham | Reiterate | Buy | $330 | $360 |
| Aug 7, 2026 | Evercore ISI | Reiterate | Outperform | $315 | $390 |
| Aug 6, 2026 | Jefferies | Reiterate | Buy | $350 | $400 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.69 | $1.93 | +14.2% | $325.3M | $343.1M | +5.5% | +14.74% |
| May 5, 2026Q1 FY26 | $1.38 | $1.42 | +2.9% | $292.0M | $291.9M | 0.0% | −3.59% |
| Feb 19, 2026Q4 FY25 | $1.28 | $1.26 | −1.6% | $267.3M | $266.9M | −0.2% | −3.96% |
| Nov 6, 2025Q3 FY25 | $0.89 | $0.92 | +2.9% | $220.2M | $218.2M | −0.9% | +5.57% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $266.6M | $253.6M | $218.2M | $266.9M | $291.9M | $343.1M | |
| Gross profit | $143.2M | $122.1M | $110.6M | $123.8M | $146.4M | $183.3M | |
| Operating income | $63.1M | $32.2M | $23.7M | $13.9M | $38.7M | $63.6M | |
| Net income | $64.1M | $33.9M | $28.2M | $10.5M | $33.8M | $60.1M | |
| Diluted EPS | $1.30 | $0.69 | $0.57 | $0.21 | $0.67 | $1.21 | |
| Gross margin | 53.7% | 48.2% | 50.7% | 46.4% | 50.1% | 53.4% | |
| Operating margin | 23.7% | 12.7% | 10.9% | 5.2% | 13.3% | 18.5% |
Fiscal years (4-quarter sums)FY21 $788.9M · FY22 $1.01B · FY23 $815.9M · FY24 $987.3M · FY25 $1.01B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.88B · Total debt $1.47B · Total assets $3.70B · Shareholders' equity $1.92B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 49.74M · Float 49.39M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.51M | 11.07% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.73M | 5.48% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 2.25M | 4.52% | 13F | Aug 13, 2026 |
| State Street Corp | 1.55M | 3.13% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 1.43M | 2.88% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Susan D. Lynch | director | −1,000 | $302.30 |
Peers
- KLA
Broad rival in wafer metrology, inspection, and advanced packaging
- Nova
Semiconductor metrology rival across CD, films, chemistry, and integration
- Camtek
Advanced-packaging inspection and metrology rival
- PDF Solutions
Semiconductor yield analytics and factory software rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Onto Innovation | $272.00 | +0.48% | $13.47B | 101.8 | 26.4 | 12.0 | +35.3% |
| KLA | $176.16 | +0.38% | $229.30B | 47.9 | 31.8 | 16.9 | +15.2% |
| Nova | $353.89 | +1.33% | $11.09B | 43.4 | 28.1 | 12.7 | +15.9% |
| Camtek | $136.20 | +0.58% | $6.33B | 222.2 | 29.8 | 12.4 | +8.1% |
| PDF Solutions | $44.81 | −0.18% | $1.88B | 178.2 | 30.8 | 7.8 | +19.0% |
| Median | 113.0 | 30.3 | 12.5 | +15.6% |