Onto Innovation Inc (ONTO) FinancialsONTOFinancialOnto Innovation Inc

Onto Innovation Inc. (ONTO) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Systems and Software, accounting for 85.7% of total sales, equivalent to $294.04M. Other significant revenue streams include Parts and Services. Understanding this composition is critical for investors evaluating how ONTO navigates market cycles within the Semiconductor Equipment & Testing industry.

Evaluating the bottom line, Onto Innovation Inc. maintains a gross margin of 51.19%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 23.15%, while the net margin is 17.52%. These profitability ratios, combined with a Return on Equity (ROE) of 6.82%, provide a clear picture of how effectively ONTO converts its operational activities into shareholder value.

In the context of the broader market, ONTO competes directly with industry leaders such as NXT and NVMI. With a market capitalization of $16.28B, it holds a leading position in the sector. When comparing efficiency, ONTO's gross margin of 51.19% stands against NXT's 36.33% and NVMI's 56.54%. Such benchmarking helps identify whether Onto Innovation Inc. is trading at a premium or discount relative to its financial performance.

Onto Innovation has reported strong financials, with Q2 2026 revenue of $343 million, an 18% sequential increase, and a 35% year-over-year rise. The gross margin for Q2 2026 stands at 51.19%, reflecting solid profitability. The company also has a strong backlog of over $1.1 billion, indicating future revenue potential.