Onto Innovation Inc. is dedicated to the design, development, manufacture and support of process control tools that perform macrodefect inspection and metrology, lithography systems, and process control analytical software worldwide. The company is headquartered in Wilmington, Massachusetts.
| Revenue (TTM) | $1.03B |
| Gross Profit (TTM) | $558.44M |
| EBITDA | $266.92M |
| Operating Margin | 16.80% |
| Return on Equity | 5.25% |
| Return on Assets | 5.37% |
| Revenue/Share (TTM) | $20.92 |
| Book Value | $42.86 |
| Price-to-Book | 7.45 |
| Price-to-Sales (TTM) | 14.71 |
| EV/Revenue | 14.81 |
| EV/EBITDA | 76.73 |
| Quarterly Earnings Growth (YoY) | -48.50% |
| Quarterly Revenue Growth (YoY) | 9.50% |
| Shares Outstanding | $49.74M |
| Float | $49.39M |
| % Insiders | 0.59% |
| % Institutions | 100.75% |
Volatility is currently expanding
ONTO is riding AI, HPC and advanced-node chip demand, with advanced-node revenues surging and 2026 growth set to outpace industry forecasts.
The Trump administration is pressuring foreign memory chipmakers to expand their U.S.
ONTO offers broader AI and semiconductor exposure, while its lower valuation and rising earnings estimates make it stand out over Camtek.
ONTO topped Q1 guidance as AI chip demand boosts advanced packaging and metrology, with a stronger Q2 outlook and full-year revenue expected above $1.3B.
AMAT, ONTO and BSET made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 7, 2026.
Onto Innovation's 25.5% rally reflects AI-led demand, advanced packaging gains and new product momentum, but rich valuation raises questions about the next move.
Chip company Onto Innovation, Inc. (ONTO) up 238% in a year from AI demand.
Onto Innovation which has surged by over 260% and has outperformed the Russell 1000 by 10x over the past year, is still deemed worthy of a buy rating. ONTO is positioned across front-end and back-end semiconductor manufacturing, with over 60% of revenue now AI compute-related, with >$1B worth of opportunities ahead. Operating margins which are at 26.7% are poised to expand to 30% by the end of the year, as advanced node opportunities pick up.
Onto Innovation and KLA are riding AI-driven chip demand, but their growth paths, valuations and advanced packaging exposure differ.
ONTO is benefiting from AI-driven advanced packaging demand with Dragonfly G5 adoption, expanding customer wins and a pipeline targeting new market share.
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