What is Onto Innovation Inc's earnings per share (EPS)?

Onto Innovation Inc (ONTO) reported diluted earnings per share of $2.78 for fiscal year 2026. This represents a -31.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Onto Innovation Inc Financials

ONTO

Source SEC Filings (10-K/10-Q) Updated Jan 3, 2026 Currency USD FYE January

This page shows Onto Innovation Inc (ONTO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Cash-Backed

2.40x

For every $1 of reported earnings, Onto Innovation Inc generates $2.40 in operating cash flow ($328.3M OCF vs $136.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.0B

YoY+1.8%

5Y CAGR+26.9%

10Y CAGR+19.7%

Onto Innovation Inc generated $1.0B in revenue in fiscal year 2026. This represents an increase of 1.8% from the prior year.

EBITDA

$193.4M

YoY-22.5%

5Y CAGR+76.3%

Onto Innovation Inc's EBITDA was $193.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 22.5% from the prior year.

Net Income

$136.8M

YoY-32.2%

5Y CAGR-9.3%

Onto Innovation Inc reported $136.8M in net income in fiscal year 2026. This represents a decrease of 32.2% from the prior year.

EPS (Diluted)

$2.78

YoY-31.5%

5Y CAGR+115.4%

Onto Innovation Inc earned $2.78 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 31.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$299.8M

YoY+40.2%

5Y CAGR+92.5%

Onto Innovation Inc generated $299.8M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 40.2% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

49.7%

YoY-2.5pp

5Y CAGR+5.6pp

10Y CAGR+4.2pp

Onto Innovation Inc's gross margin was 49.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 2.5 percentage points from the prior year.

Operating Margin

13.2%

YoY-5.7pp

5Y CAGR+14.9pp

10Y CAGR+20.2pp

Onto Innovation Inc's operating margin was 13.2% in fiscal year 2026, reflecting core business profitability. This is down 5.7 percentage points from the prior year.

Net Margin

13.6%

YoY-6.8pp

5Y CAGR-59.4pp

10Y CAGR+32.3pp

Onto Innovation Inc's net profit margin was 13.6% in fiscal year 2026, showing the share of revenue converted to profit. This is down 6.8 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$132.0M

YoY+15.9%

5Y CAGR+22.2%

10Y CAGR+14.6%

Onto Innovation Inc invested $132.0M in research and development in fiscal year 2026. This represents an increase of 15.9% from the prior year.

Share Buybacks

$75.0M

YoY+199.2%

5Y CAGR+151.6%

10Y CAGR+30.2%

Onto Innovation Inc spent $75.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 199.2% from the prior year.

Capital Expenditures

$28.5M

YoY-10.6%

5Y CAGR+33.2%

10Y CAGR+17.3%

Onto Innovation Inc invested $28.5M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 10.6% from the prior year.

ONTO Income Statement

Metric	FY26	FY24	FY23	FY22	FY20	FY19
Revenue	$1.0B+1.8%	$987.3M+21.0%	$815.9M-18.8%	$1.0B+80.6%	$556.5M+81.9%	$305.9M
Cost of Revenue	$505.5M+7.1%	$472.0M+19.3%	$395.6M-15.1%	$466.0M+67.6%	$278.0M+62.7%	$170.9M
Gross Profit	$499.8M-3.0%	$515.3M+22.6%	$420.3M-22.1%	$539.2M+93.6%	$278.5M+106.2%	$135.0M
R&D Expenses	$132.0M+15.9%	$113.9M+9.0%	$104.4M-6.7%	$112.0M+32.4%	$84.6M+74.9%	$48.4M
SG&A Expenses	$107.1M+34.1%	$79.9M+0.4%	$79.6M+14.4%	$69.6M+6.5%	$65.3M+23.2%	$53.0M
Operating Income	$132.9M-29.0%	$187.1M+61.2%	$116.1M-51.0%	$236.7M+987.3%	-$26.7M-429.0%	-$5.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$26.1M+39.2%	$18.8M+64.4%	$11.4M-37.4%	$18.3M+539.0%	-$4.2M+77.2%	-$18.3M
Net Income	$136.8M-32.2%	$201.7M+66.5%	$121.2M-45.7%	$223.3M+619.9%	$31.0M-86.1%	$223.3M
EPS (Diluted)	$2.78-31.5%	$4.06+65.0%	$2.46-45.2%	$4.49+612.7%	$0.63+950.0%	$0.06

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$266.9M+22.3%	$218.2M-14.0%	$253.6M-4.9%	$266.6M+1.0%	$263.9M+4.7%	$252.2M+4.1%	$242.3M+5.9%	$228.8M
Cost of Revenue	$143.1M+33.0%	$107.6M-18.2%	$131.5M+6.6%	$123.4M-6.2%	$131.5M+13.6%	$115.8M+1.5%	$114.1M+3.2%	$110.6M
Gross Profit	$123.8M+11.9%	$110.6M-9.4%	$122.1M-14.7%	$143.2M+8.2%	$132.4M-2.9%	$136.4M+6.4%	$128.2M+8.4%	$118.3M
R&D Expenses	$36.2M+11.3%	$32.5M-7.9%	$35.3M+25.9%	$28.0M-12.4%	$32.0M+13.1%	$28.3M+4.6%	$27.0M+1.8%	$26.6M
SG&A Expenses	$33.3M+34.4%	$24.8M-0.7%	$25.0M+4.6%	$23.9M+7.3%	$22.3M+9.8%	$20.3M+3.0%	$19.7M+12.2%	$17.6M
Operating Income	$13.9M-41.5%	$23.7M-26.5%	$32.2M-48.9%	$63.1M+48.7%	$42.5M-20.0%	$53.1M+8.7%	$48.8M+14.3%	$42.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$9.0M+139.6%	$3.8M-35.6%	$5.8M-22.9%	$7.6M+208.1%	$2.5M-69.2%	$8.0M+84.4%	$4.3M+7.0%	$4.0M
Net Income	$10.5M-62.7%	$28.2M-16.8%	$33.9M-47.1%	$64.1M+31.3%	$48.8M-8.0%	$53.1M+0.2%	$52.9M+13.0%	$46.9M
EPS (Diluted)	N/A	$0.57-17.4%	$0.69-46.9%	$1.30	N/A	$1.070.0%	$1.07+13.8%	$0.94

ONTO Balance Sheet

Metric	FY26	FY24	FY23	FY22	FY20	FY19
Total Assets	N/A	$2.1B+10.9%	$1.9B+6.4%	$1.8B+22.3%	$1.5B+1.4%	$1.4B
Current Assets	N/A	$1.5B+15.1%	$1.3B+13.1%	$1.1B+55.1%	$731.7M+14.0%	$641.7M
Cash & Equivalents	N/A	$212.9M-8.8%	$233.5M+32.8%	$175.9M+28.6%	$136.7M+4.6%	$130.7M
Inventory	N/A	$287.0M-12.4%	$327.8M+1.1%	$324.3M+69.6%	$191.2M+8.6%	$176.1M
Accounts Receivable	N/A	$308.1M+36.0%	$226.6M-6.1%	$241.4M+61.7%	$149.3M+20.7%	$123.7M
Goodwill	N/A	$330.0M+4.5%	$315.8M0.0%	$315.8M+3.0%	$306.6M-2.9%	$315.8M
Total Liabilities	N/A	$191.2M+10.4%	$173.2M-12.7%	$198.4M-2.5%	$203.4M+10.2%	$184.6M
Current Liabilities	N/A	$170.1M+15.1%	$147.7M-8.0%	$160.6M+33.7%	$120.1M+40.1%	$85.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	$1.9B+10.9%	$1.7B+8.8%	$1.6B+26.2%	$1.3B+0.1%	$1.3B
Retained Earnings	N/A	$664.5M+37.8%	$482.4M+33.0%	$362.8M+1286.6%	$26.2M+638.0%	-$4.9M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$2.4B+8.3%	$2.2B+2.2%	$2.1B+1.2%	$2.1B-0.1%	$2.1B+2.1%	$2.1B+3.4%	$2.0B+2.7%	$2.0B
Current Assets	$1.3B-17.9%	$1.5B+3.4%	$1.5B+1.7%	$1.5B-0.6%	$1.5B+1.3%	$1.5B+5.3%	$1.4B+3.9%	$1.3B
Cash & Equivalents	$346.1M-42.6%	$603.1M+177.3%	$217.5M+6.7%	$203.7M-4.3%	$212.9M+12.8%	$188.7M+9.4%	$172.6M-9.6%	$190.9M
Inventory	$298.3M+15.0%	$259.4M-4.0%	$270.2M-7.7%	$292.7M+2.0%	$287.0M-6.9%	$308.3M-3.6%	$319.7M-3.0%	$329.5M
Accounts Receivable	$268.9M+3.4%	$260.2M-8.8%	$285.3M-2.1%	$291.6M-5.4%	$308.1M+21.5%	$253.7M+6.7%	$237.8M+2.6%	$231.9M
Goodwill	$644.0M+95.1%	$330.0M0.0%	$330.0M0.0%	$330.0M0.0%	$330.0M+4.5%	$315.8M0.0%	$315.8M0.0%	$315.8M
Total Liabilities	$267.1M+44.7%	$184.5M+4.3%	$177.0M-9.4%	$195.4M+2.2%	$191.2M+12.6%	$169.8M-2.2%	$173.7M+1.1%	$171.8M
Current Liabilities	$218.9M+34.4%	$162.9M+4.6%	$155.8M-10.7%	$174.5M+2.6%	$170.1M+17.5%	$144.7M-2.5%	$148.4M+0.9%	$147.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.1B+4.9%	$2.0B+2.0%	$2.0B+2.3%	$1.9B-0.3%	$1.9B+1.2%	$1.9B+3.9%	$1.8B+2.8%	$1.8B
Retained Earnings	$743.8M+1.4%	$733.3M+4.0%	$705.0M+5.1%	$671.1M+1.0%	$664.5M+4.6%	$635.2M+9.1%	$582.2M+10.0%	$529.2M

ONTO Cash Flow Statement

Metric	FY26	FY24	FY23	FY22	FY20	FY19
Operating Cash Flow	$328.3M+33.6%	$245.7M+42.9%	$172.0M+25.8%	$136.7M+29.0%	$106.0M+484.1%	$18.1M
Capital Expenditures	$28.5M-10.6%	$31.9M+41.3%	$22.6M+22.6%	$18.4M+380.7%	$3.8M-43.7%	$6.8M
Free Cash Flow	$299.8M+40.2%	$213.8M+43.1%	$149.4M+26.3%	$118.3M+15.8%	$102.2M+800.5%	$11.3M
Investing Cash Flow	-$121.6M+46.3%	-$226.5M-119.1%	-$103.4M-85.6%	-$55.7M-214.6%	$48.6M+1084.2%	$4.1M
Financing Cash Flow	-$75.2M-110.7%	-$35.7M-276.5%	-$9.5M+86.1%	-$68.3M-27.3%	-$53.7M-1179.2%	-$4.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$75.0M+199.2%	$25.1M+684.1%	$3.2M-95.1%	$65.3M+25.5%	$52.0M+6889.2%	$744K

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$95.0M+13.9%	$83.4M+43.9%	$57.9M-37.0%	$92.0M+64.3%	$56.0M-16.7%	$67.2M+3.0%	$65.3M+14.3%	$57.1M
Capital Expenditures	$5.1M+271.9%	$1.4M-90.0%	$13.8M+67.3%	$8.2M+78.0%	$4.6M-42.5%	$8.0M-34.3%	$12.3M+75.7%	$7.0M
Free Cash Flow	$89.9M+9.6%	$82.0M+85.7%	$44.2M-47.3%	$83.7M+63.0%	$51.4M-13.2%	$59.2M+11.6%	$53.0M+5.8%	$50.2M
Investing Cash Flow	-$353.5M-219.1%	$296.8M+789.9%	-$43.0M-97.3%	-$21.8M-432.3%	-$4.1M+92.8%	-$56.6M+23.7%	-$74.1M+19.3%	-$91.8M
Financing Cash Flow	$2.7M-49.4%	$5.4M+244.7%	-$3.7M+95.3%	-$79.5M-209.7%	-$25.7M-750.8%	$3.9M+144.5%	-$8.9M-74.9%	-$5.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0	$0-100.0%	$75.0M+199.2%	$25.1M	$0	$0	$0

ONTO Financial Ratios

Metric	FY26	FY24	FY23	FY22	FY20	FY19
Gross Margin	49.7%-2.5pp	52.2%+0.7pp	51.5%-2.1pp	53.6%+3.6pp	50.0%+5.9pp	44.1%
Operating Margin	13.2%-5.7pp	18.9%+4.7pp	14.2%-9.3pp	23.5%+28.3pp	-4.8%-3.1pp	-1.7%
Net Margin	13.6%-6.8pp	20.4%+5.6pp	14.8%-7.4pp	22.2%+16.6pp	5.6%-67.4pp	73.0%
Return on Equity	N/A	10.5%+3.5pp	7.0%-7.0pp	14.0%+11.5pp	2.5%-15.2pp	17.7%
Return on Assets	N/A	9.5%+3.2pp	6.3%-6.1pp	12.4%+10.3pp	2.1%-13.3pp	15.4%
Current Ratio	N/A	8.690.0	8.69+1.6	7.07+1.0	6.09-1.4	7.48
Debt-to-Equity	N/A	0.100.0	0.10-0.0	0.12-0.0	0.16+0.0	0.15
FCF Margin	29.8%+8.2pp	21.6%+3.3pp	18.3%+6.5pp	11.8%-6.6pp	18.4%+14.7pp	3.7%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	46.4%-4.3pp	50.7%+2.5pp	48.2%-5.6pp	53.7%+3.5pp	50.2%-3.9pp	54.1%+1.1pp	52.9%+1.2pp	51.7%
Operating Margin	5.2%-5.7pp	10.9%-1.9pp	12.7%-11.0pp	23.7%+7.6pp	16.1%-5.0pp	21.0%+0.9pp	20.2%+1.5pp	18.7%
Net Margin	4.0%-9.0pp	12.9%-0.4pp	13.4%-10.7pp	24.0%+5.5pp	18.5%-2.5pp	21.0%-0.8pp	21.9%+1.4pp	20.5%
Return on Equity	0.5%-0.9pp	1.4%-0.3pp	1.7%-1.6pp	3.3%+0.8pp	2.5%-0.3pp	2.8%-0.1pp	2.9%+0.3pp	2.6%
Return on Assets	0.4%-0.9pp	1.3%-0.3pp	1.6%-1.4pp	3.0%+0.7pp	2.3%-0.3pp	2.6%-0.1pp	2.6%+0.2pp	2.4%
Current Ratio	5.79-3.7	9.49-0.1	9.59+1.2	8.42-0.3	8.69-1.4	10.07+0.7	9.33+0.3	9.06
Debt-to-Equity	0.13+0.0	0.090.0	0.09-0.0	0.100.0	0.10+0.0	0.090.0	0.090.0	0.10
FCF Margin	33.7%-3.9pp	37.6%+20.2pp	17.4%-14.0pp	31.4%+11.9pp	19.5%-4.0pp	23.5%+1.6pp	21.9%-0.0pp	21.9%

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Frequently Asked Questions

What is Onto Innovation Inc's annual revenue?

Onto Innovation Inc (ONTO) reported $1.0B in total revenue for fiscal year 2026. This represents a 1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Onto Innovation Inc's revenue growing?

Onto Innovation Inc (ONTO) revenue grew by 1.8% year-over-year, from $987.3M to $1.0B in fiscal year 2026.

Is Onto Innovation Inc profitable?

Yes, Onto Innovation Inc (ONTO) reported a net income of $136.8M in fiscal year 2026, with a net profit margin of 13.6%.

What is Onto Innovation Inc's EBITDA?

Onto Innovation Inc (ONTO) had EBITDA of $193.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Onto Innovation Inc's gross margin?

Onto Innovation Inc (ONTO) had a gross margin of 49.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Onto Innovation Inc's operating margin?

Onto Innovation Inc (ONTO) had an operating margin of 13.2% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Onto Innovation Inc's net profit margin?

Onto Innovation Inc (ONTO) had a net profit margin of 13.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Onto Innovation Inc's free cash flow?

Onto Innovation Inc (ONTO) generated $299.8M in free cash flow during fiscal year 2026. This represents a 40.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Onto Innovation Inc's operating cash flow?

Onto Innovation Inc (ONTO) generated $328.3M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Onto Innovation Inc's capital expenditures?

Onto Innovation Inc (ONTO) invested $28.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Onto Innovation Inc spend on research and development?

Onto Innovation Inc (ONTO) invested $132.0M in research and development during fiscal year 2026.

Does Onto Innovation Inc buy back shares?

Yes, Onto Innovation Inc (ONTO) spent $75.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Are Onto Innovation Inc's earnings high quality?

Onto Innovation Inc (ONTO) has an earnings quality ratio of 2.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.