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Onto Innovation Inc.

Onto Innovation Inc.

NYSE•ONTO
CEO: Mr. Michael P. Plisinski
Sector: Technology
Industry: Semiconductors
Listing Date: 2019-10-28
Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers 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 provides process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. Further, it engages in systems software, spare parts, and other services, as well as offers software licensing services. The company's products are used in semiconductor and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; analog device; RF filter; data storage; and various industrial and scientific applications. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.
Contact Information
16 Jonspin Road, Wilmington, MA, 01887, United States
978-253-6200
www.ontoinnovation.com
Market Cap
$10.52B
P/E (TTM)
59.9
31.6
Dividend Yield
--
52W High
$227.07
52W Low
$85.88
52W Range
89%
Rank31Top 21.6%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$218.19M-13.49%
4-Quarter Trend

EPS

$0.58-45.79%
4-Quarter Trend

FCF

$82.02M+38.55%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine-Month Revenue Growth Nine-month revenue reached $738.4M USD, increasing 2% versus prior period due to higher parts and services sales.
Strong Liquidity Position Cash and marketable securities grew to $983.9M USD, driven by $233.3M USD in operating cash flow.
Gross Margin Pressure Three-month gross margin dropped to 50.7% from 54.1%, primarily due to excess and obsolete inventory write-downs.
Net Income Decline Nine-month net income decreased to $126.2M USD compared to $152.9M USD reported in the prior year.

Risk Factors

Quarterly Revenue Slowdown Quarterly revenue decreased 14% to $218.2M USD, primarily attributable to lower sales to DRAM and NAND customers.
Margin Erosion Factors Gross profit margin fell to 50.7% for the quarter, impacted by significant restructuring and inventory write-down charges.
Acquisition Regulatory Review Semilab acquisition faces DOJ Second Request; final transaction value reduced to approximately $495.0M USD.
Trade Policy Uncertainty Continued assessment required for adverse impacts from U.S. tariffs and evolving global trade policy restrictions.

Outlook

Semilab Acquisition Closing Expecting Semilab USA Transaction completion in 2025, leveraging resources to improve core market position effectively.
Sufficient Capital Resources Existing cash and credit availability expected to meet working capital and capital expenditure needs for next twelve months.
R&D Investment Commitment Commitment maintained to substantial investments in research and development for innovative technology and new product offerings.
Share Repurchase Availability $99.9M USD remains available under the existing authorization for future common stock repurchases as needed.

Peer Comparison

Revenue (TTM)

Kyndryl Holdings, Inc.KD
$15.07B
-1.5%
Amkor Technology, Inc.AMKR
$6.45B
+0.1%
ExlService Holdings, Inc.EXLS
$2.03B
+14.4%

Gross Margin (Latest Quarter)

Dolby Laboratories, Inc.DLB
87.1%
-1.7pp
Universal Display CorporationOLED
71.2%
-6.6pp
Cirrus Logic, Inc.CRUS
52.5%
+0.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TSEM$14.37B74.57.1%5.0%
AMKR$12.29B39.97.3%24.0%
ONTO$10.52B59.99.0%0.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-6.1%
Growth Under Pressure
4Q Net Income CAGR
-16.7%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$1.27
|
Revenue:$265.78M
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 27, 2025|Filed: Nov 6, 2025|
    Revenue: $218.19M-13.5%
    |
    EPS: $0.58-45.8%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 28, 2025|Filed: Aug 7, 2025|
    Revenue: $253.60M+4.7%
    |
    EPS: $0.69-35.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 29, 2025|Filed: May 8, 2025|
    Revenue: $266.61M+16.5%
    |
    EPS: $1.30+36.8%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 28, 2024|Filed: Feb 25, 2025|
    Revenue: $987.32M+21.0%
    |
    EPS: $4.09+65.6%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 28, 2024|Filed: Oct 31, 2024|
    Revenue: $252.21M+21.7%
    |
    EPS: $1.07+46.6%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 29, 2024|Filed: Aug 8, 2024|
    Revenue: $242.33M+27.1%
    |
    EPS: $1.07+101.9%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 30, 2024|Filed: May 9, 2024|
    Revenue: $228.85M+14.9%
    |
    EPS: $0.95+58.3%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 30, 2023|Filed: Feb 26, 2024|
    Revenue: $815.87M-18.8%
    |
    EPS: $2.47-45.4%
    Beat