Stocks · Technology · Semiconductors
Onto Innovation Inc. ONTO
$327.77 +4.09% Close, Oct 2, 2026 · NYSE · Market cap $16.30B
Strong trend
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Over the past year the stock returned +138.8%, ahead of the S&P 500 by 123.8 percentage points.
- The shares trade at 123.2× trailing earnings, higher than 95% of the company's own readings over the past five years.
- Diluted EPS over the last four quarters was $2.66, down 34.2% year over year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 37%
- EPS growth (TTM, YoY)Bottom 23%
- FCF growth (TTM, YoY)Bottom 35%
- Revenue growth, 3-year CAGRBottom 30%
- Revenue growth accelerationTop 14%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 48%
- Gross marginBottom 49%
- Operating marginTop 30%
- Cash conversion (OCF / net income)Top 39%
- Accruals (lower is better)Bottom 31%
- Net debt / EBITDA (lower is better)Bottom 44%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 46%
- Free-cash-flow yieldBottom 39%
- EBITDA / enterprise valueBottom 40%
- Sales / enterprise valueBottom 16%
- P/E vs own 5-year history (lower is better)Bottom 10%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 12%
- 6-month returnTop 28%
- 1-year return vs S&P 500Top 9%
- Distance from 52-week highTop 26%
- Trend checklist (0–4)Top 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 33%
- Consecutive EPS beatsBottom 31%
- Share of analysts rating BuyTop 5%
- Upside to consensus price targetBottom 41%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 20%
- Maximum drawdown, 3 yearsBottom 47%
- Beta vs S&P 500 (lower is better)Bottom 19%
- Net debt / EBITDA (lower is better)Bottom 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 0.5% | 8.1% | ↑ |
| EPS growth (YoY) | -51.6% | -34.2% | ↑ |
| Gross margin | 51.5% | 50.4% | ↓ |
| Operating margin | 18.4% | 12.5% | ↓ |
| FCF margin | 23.0% | 22.5% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.1% | 0.5% | ↑ | Bottom 37% |
| EPS growth (TTM, YoY) | -34.2% | -51.6% | ↑ | Bottom 23% |
| Gross margin | 50.4% | 51.5% | ↓ | Bottom 49% |
| Operating margin | 12.5% | 18.4% | ↓ | Top 30% |
| Net margin | 11.8% | 19.3% | ↓ | — |
| Free-cash-flow margin | 22.5% | 23.0% | ↓ | — |
| Return on invested capital | 3.4% | — | Bottom 48% | |
| Revenue growth, 3-year CAGR | 0.0% | — | Bottom 30% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.01×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +10.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.83×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 2.11%
- Shareholder yield
- 2.11%
- Share count change, 1 year
- +1.4%
- Share count change, 3-year CAGR
- +0.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +3.9%
- Average 2-day reaction, last 8
- -0.1%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $387.00
- Target vs current price
- +18.1%
- Analysts with a rating
- 12
- Share rating Buy or Strong Buy
- 100%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +14.2% | -2.6% | +22.2% | -7.8% | — |
| May 5, 2026 | +0.0% | +1.8% | -4.0% | -7.2% | -16.4% |
| Feb 19, 2026 | -1.6% | +2.4% | +2.4% | -8.2% | +26.0% |
| Nov 6, 2025 | +2.9% | -3.0% | -0.2% | +17.4% | +47.3% |
| Aug 7, 2025 | -1.6% | +3.0% | +23.8% | +13.3% | +52.3% |
| May 8, 2025 | +2.7% | +1.3% | -16.9% | -24.7% | -22.4% |
| Feb 6, 2025 | +7.1% | +0.4% | -19.6% | -36.0% | -39.4% |
| Oct 31, 2024 | +1.5% | -4.4% | -13.9% | -22.4% | -7.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $1.93 | $1.69 | +14.2% | $343.1M |
| May 5, 2026 | $1.42 | $1.42 | +0.0% | $291.9M |
| Feb 19, 2026 | $1.26 | $1.28 | -1.6% | $266.9M |
| Nov 6, 2025 | $0.92 | $0.89 | +2.9% | $218.2M |
| Aug 7, 2025 | $1.25 | $1.27 | -1.6% | $253.6M |
| May 8, 2025 | $1.51 | $1.47 | +2.7% | $266.6M |
| Feb 6, 2025 | $1.51 | $1.41 | +7.1% | $263.9M |
| Oct 31, 2024 | $1.34 | $1.32 | +1.5% | $252.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 123.2× | 37.2× | 95th | Bottom 46% |
| P/E (forward) | 40.4× | — | — | — |
| EV / EBITDA | 62.4× | — | — | Bottom 40% |
| EV / Sales | 14.75× | — | — | Bottom 16% |
| Free-cash-flow yield | 1.55% | — | — | Bottom 39% |
| Earnings yield | 0.81% | — | — | Bottom 46% |
P/E over the past five years
Range 17.9× – 142.5× since Jun 26, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +138.8%
- Earnings per share growth (TTM)
- -34.2%
- Change in P/E multiple
- +340.4%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 6
- Days above the 200-day average
- 12
- 50-day average slope (20 days)
- -4.3%
- 200-day average slope (20 days)
- +5.5%
- Distance from 50-day average
- +16.0%
- Distance from 200-day average
- +29.2%
- RSI (14)
- 67.6
- Relative volume
- 1.22×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 84.9%
- Volatility vs own 5-year history
- 91th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.19
- Correlation with S&P 500
- 0.53
- Current drawdown from 1-year high
- -13.4%
- Maximum drawdown, 3 years
- -62.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 16, 2024 | May 9, 2025 | -62.8% | 205 days | 228 days (Apr 8, 2026) |
| Jan 14, 2022 | Oct 14, 2022 | -44.3% | 188 days | 154 days (May 26, 2023) |
| Jun 30, 2026 | Jul 29, 2026 | -42.3% | 20 days | Not yet recovered |
| Oct 12, 2023 | Oct 25, 2023 | -22.3% | 9 days | 32 days (Dec 11, 2023) |
| Apr 5, 2021 | May 12, 2021 | -20.6% | 27 days | 12 days (May 28, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $16.30B
- P/E (TTM)
- 123.2
- EPS, diluted (TTM)
- $2.66
- Revenue (TTM)
- $1.12B
- 52-week range
- $118.97 – $386.46
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $788.9M | $1.01B | $815.9M | $987.3M | $1.01B |
| Gross profit | $429.1M | $539.2M | $420.3M | $515.3M | $499.8M |
| Operating income | $156.4M | $236.7M | $116.1M | $187.1M | $132.9M |
| Net income | $142.3M | $223.3M | $121.2M | $201.7M | $136.8M |
| EPS (diluted) | $2.86 | $4.49 | $2.46 | $4.06 | $2.78 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $252.2M | $263.9M | $266.6M | $253.6M | $218.2M | $266.9M | $291.9M | $343.1M |
| Net income | $53.1M | $48.8M | $64.1M | $33.9M | $28.2M | $10.5M | $33.8M | $60.1M |
| EPS (diluted) | $1.07 | $0.98 | $1.30 | $0.69 | $0.57 | $0.21 | $0.67 | $1.21 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $175.3M | $136.7M | $172.0M | $245.7M | $328.3M |
| Capital expenditure | -$12.0M | -$18.4M | -$22.6M | -$31.9M | -$28.5M |
| Free cash flow | $163.2M | $118.3M | $149.4M | $213.8M | $299.8M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $0 | -$65.3M | -$3.2M | -$25.1M | -$75.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.88B
- Total assets
- $3.70B
- Total liabilities
- $1.78B
- Total debt
- $1.47B
- Net debt
- $218.5M
- Shareholders’ equity
- $1.92B
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 2,740,793
- Days to cover
- 2.94
- Change vs previous report
- +11.2%
FINRA short interest, settlement date Sep 15, 2026.