Onto Innovation Inc. (ONTO) financials
NYSE · Technology · Semiconductors · 1,867 employees · CEO Michael Plisinski
- Price
- $204.83
- Market cap
- $9.99B
- Enterprise value
- $11.1B Data as of 2026-11-14
- Last report
- Q3 '26 filed 2026-11-09
- Next report
- 2027-02-18 EPS est. $2.70
Revenue (TTM)$1.31B+30.9% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)16.1%0.0 pp vs a year agoOperating income $212M
Net income (TTM)$151M-13.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$248M-5.2% vs a year agoCapex $13.9M
Diluted EPS (TTM)$3.04-14.1% vs a year agoSum of the last 4 quarters
Net cash-$222M-122.9% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $9.99B Updated 28m ago
- Revenue
- $1.31B Trailing 12 months
- Revenue growth
- +48% FY2027 consensus
- Profit margin
- 11.5% Net income / revenue, TTM
- P/E
- 67.4× Forward 24.2× (FY2027)
- P/S
- 7.6× Price / sales, TTM
- EV / EBITDA
- 37.7× TTM
- Free cash flow
- $248M Trailing 12 months
- Net income
- $151M Trailing 12 months
- Revenue estimate
- $1.49B FY2027 consensus
- Earnings
- 2027-02-18 Revenue est. $442M · Updated 28m ago
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-11-09): revenue beat by 4.5%, EPS beat by 6.1%Revenue $410M vs $392M expected (+4.5%); EPS $2.44 vs $2.30 (+6.1%).
- Revenue growth accelerating: 87.8% year on yearQ3 '26 revenue $410M, against an average of 8.1% over the four quarters before.
- Operating margin 16.1% (TTM), 0.0 pp on a year agoOperating income grew 31.0% while revenue grew 30.9%.
- 10.7% of pre-tax profit is eaten by non-operating lossesPre-tax income $191M vs operating income $212M (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
- Capex 1.1% of revenue (a year ago 2.8%)$13.9M invested in the last 4 quarters (-50.3% on a year earlier). Free cash flow $248M = 163.8% of net income.
- Returned $355M to shareholders = 143.4% of free cash flowBuybacks $355M (a year earlier $104M), dividends $0, stock-based pay $33.1M (TTM). More than the free cash flow: paid from cash or debt.
- Diluted share count up 0.3% in a year49.3M diluted shares in Q3 '26, 49.1M a year earlier.
- Net debt $222MCash + short-term investments $1.25B, debt incl. leases $1.47B; a year ago net cash $970M.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $410M | $218M | +87.8% |
| Gross margin | 54.8% | 50.7% | +4.1 pp |
| Operating income | $95.4M | $23.7M | +302.9% |
| Operating margin | 23.3% | 10.9% | +12.4 pp |
| Net income | $46.8M | $28.2M | +66.0% |
| Diluted EPS | $0.95 | $0.57 | +66.7% |
| Operating cash flow | $78.8M | $83.4M | -5.6% |
| Capex | $1.56M | $1.38M | +13.2% |
| Free cash flow | $77.2M | $82M | -5.9% |
| R&D | $45.1M | $32.5M | +38.7% |
| Stock-based compensation | $8.81M | $6.89M | +27.9% |
Reported vs consensus
2026-11-09| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $410M | $392M | +4.5% |
| EPS (as estimated) | $2.44 | $2.30 | +6.1% |
From the report of 2026-11-09 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q3 '26 | y/y | Share of listed | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Systems And Software Revenue | $358M | +106.2% | 87.4% | $1.13B | – | |
| Parts Revenue | $28.5M | +19.0% | 6.9% | $106M | – | |
| Service Revenue | $23M | +12.2% | 5.6% | $77.8M | – |
Revenue by region
share of the listed regions| Segment | Q3 '26 | y/y | Share of listed | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| TAIWAN | $175M | +195.3% | 42.7% | $458M | +40.4% | |
| Korea, Republic Of | $82.3M | +83.4% | 20.1% | $311M | +11.8% | |
| United States | $50.4M | +33.4% | 12.3% | $224M | +68.2% | |
| JAPAN | $20.6M | +28.8% | 5.0% | $84.3M | +20.4% | |
| CHINA | $32.1M | +17.2% | 7.8% | $88.3M | +1.5% | |
| Southeast Asia | $31.8M | +42.2% | 7.7% | $79.9M | +49.9% | |
| Europe | $17.6M | +66.4% | 4.3% | $66.1M | +21.9% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $262M
- Capex
- -$13.9M
- Buybacks
- -$355M
- Dividends
- $0
- Acquisitions
- -$430M
- Net debt issued
- $1.47B
- Stock-based compensation
- $33.1M
- Free cash flow
- $248M
- Returned to shareholders / FCF
- 143.4%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 67.4× | 42.7× | 15.1× – 61.9× |
| EV / EBITDA | 37.7× | 26.6× | 10.5× – 36.4× |
| EV / Sales | 8.4× | 6.9× | 3.2× – 8.9× |
| Price / FCF | 40.4× | 35.1× | 27.2× – 50.1× |
| Price / Book | 5.0× | 3.6× | 2.1× – 4.4× |
| FCF yield | 2.5% | 3.0% | 2.0% – 3.7% |
| Return on invested capital | 4.8% | 8.6% | 5.2% – 13.3% |
| Return on equity | 7.4% | 9.6% | 6.5% – 14.0% |
Analysts
Consensus target $371.82 (+82.6%)
range $285.00 – $450.00 · rating Buy
Strong buy0
Buy14
Hold0
Sell0
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $1.49B | +47.9% | $8.48 | +204.9% | 24.2× | 8 |
| FY2028 | $2.02B | +35.9% | $12.86 | +51.7% | 15.9× | 9 |
| FY2029 | $2.35B | +16.5% | $15.44 | +20.0% | 13.3× | 6 |
| FY2030 | $2.69B | +14.4% | $17.45 | +13.0% | 11.7× | 2 |
| FY2031 | $3.28B | +21.6% | $22.02 | +26.2% | 9.3× | 3 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 273 figures Onto Innovation Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $140M | $52.9M | +164.6% | $108M | $56.3M | +91.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $384M | $260M | +47.8% | $269M | $308M | -12.7% |
| Accounts Receivable, Allowance for Credit Loss, Current | $2.32M | $2.3M | +1.1% | $2.46M | $2.59M | -4.8% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $7.75M | $7.32M | +5.8% | $4.73M | $7.2M | -34.3% |
| Accrued Liabilities, Current | $70.9M | $48.9M | +44.9% | $48.5M | $50M | -2.9% |
| Accrued Professional Fees, Current | $3.95M2026-01-03 | $618K | +539.8% | $3.95M | $618K | +539.8% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $99M | $79.9M | +23.8% | $84.3M | $66.3M | +27.2% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | $11M2026-01-03 | $14.5M | -24.1% | $11M | $14.5M | -24.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$10.5M | -$6.42M | -63.8% | -$10M | -$13.9M | +27.7% |
| Additional Paid in Capital, Common Stock | $1.11B | $1.28B | -13.3% | $1.37B | $1.28B | +7.2% |
| Amortization of Intangible Assets | $19.7M | $8.45M | +133.3% | $39.4M | $49.4M | -20.3% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 101K | -100.0% | 70K | – | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $8.81M | $6.89M | +27.9% | $27.6M | $28.6M | -3.4% |
| Area of Real Estate Property | 159,947 sqft2026-06-30 | – | – | – | – | – |
| Assets | $3.8B | $2.19B | +73.9% | $2.37B | $2.12B | +11.8% |
| Assets, Current | $2.11B | $1.54B | +36.3% | $1.27B | $1.48B | -14.2% |
| Assets, Fair Value Disclosure | $1.93B | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | $8.88M2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other | $3.59M2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets | $843K2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | $26.1M2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable | $487K2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | $210M2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory | $33.8M2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $225M2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities | $51.7M2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | $2.06M2025-11-17 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net | $520M2025-11-17 | – | – | – | – | – |
| Cash and Cash Equivalents, at Carrying Value | $401M | $603M | -33.6% | $346M | $213M | +62.5% |
| Cash and Cash Equivalents, Fair Value Disclosure | $401M | – | – | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $401M | $603M | -33.6% | $346M | $213M | +62.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$853M | $386M | -321.1% | $133M | -$20.6M | +747.6% |
| Common Stock, Par or Stated Value Per Share | $0.00 | – | – | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 97M | – | – | 97M | 97M | 0.0% |
| Common Stock, Shares, Issued | 49.1M | – | – | 49.7M | 49.2M | +0.9% |
| Common Stock, Shares, Outstanding | 49.1M | – | – | 49.7M | 49.2M | +0.9% |
| Common Stock, Value, Issued | $50K | $49K | +2.0% | $50K | $49K | +2.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $49.4M | $26.6M | +86.0% | $141M | $196M | -28.2% |
| Contract with Customer, Asset, before Allowance for Credit Loss | $0 | $3.4M | -100.0% | $3.5M | $10.1M | -65.3% |
| Contract with Customer, Liability | $55.6M | $36.6M | +52.0% | $38M | $37.8M | +0.5% |
| Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress | $36.9M | $14.2M | +160.2% | $80.9M | $76.6M | +5.6% |
| Contract with Customer, Liability, Current | $45.5M | $30.8M | +47.8% | $31.8M | $33.8M | -6.1% |
| Contract with Customer, Liability, Noncurrent | $10.2M | $5.85M | +74.3% | $6.25M | $4.01M | +55.9% |
| Contract with Customer, Refund Liability, Current | $7.35M2026-01-03 | $10.7M | -31.3% | $7.35M | $10.7M | -31.3% |
| Convertible Notes Payable, Noncurrent | $1.47B | – | – | – | – | – |
| Cost of Revenue | $185M | $108M | +72.2% | $505M | $472M | +7.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $7.06M | $40.7M | -82.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $5.99M | $3.41M | +75.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $13.3M | $45.3M | -70.7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $229K | $1.16M | -80.2% |
| Debt Conversion, Converted Instrument, Shares Issued | 3.9M | – | – | – | – | – |
| Debt Instrument, Convertible, Carrying Amount of Equity Component | $1.47B | – | – | – | – | – |
| Debt Instrument, Convertible, Conversion Price | $254.53 | – | – | – | – | – |
| Debt Instrument, Face Amount | $1.5B | – | – | – | – | – |
| Debt Issuance Costs, Net | $26.8M | – | – | – | – | – |
| Debt Securities, Available-for-sale | $851M | $381M | +123.4% | $294M | $639M | -54.1% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $36K | $960K | -96.3% | $855K | $822K | +4.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $1.83M | $22K | +8,195.5% | $1K | $419K | -99.8% |
| Debt Securities, Available-for-sale, Amortized Cost | $853M | $380M | +124.4% | $293M | $639M | -54.2% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | $02026-01-03 | $65.7M | -100.0% | $0 | $65.7M | -100.0% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2026-01-03, 10-Q 2025-09-27, 10-Q 2025-06-28, 10-Q 2025-03-29, 10-K 2024-12-28, 10-Q 2024-09-28
Data as of 2026-11-14