Onto Innovation Inc (ONTO) FinancialsONTOOnto 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 NVMI and NXT. With a market capitalization of $15.97B, it holds a leading position in the sector. When comparing efficiency, ONTO's gross margin of 51.19% stands against NVMI's 56.54% and NXT's 36.33%. Such benchmarking helps identify whether Onto Innovation Inc. is trading at a premium or discount relative to its financial performance.

The company has shown strong revenue growth with Q2 2026 revenue at $343.1 million, up from $291.9 million in Q1 2026, and a gross margin of 51.19%.