Onto Innovation Inc. Common Stock (ONTO)

FairStock Score: 34/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Onto Innovation sells process-control and metrology equipment to semiconductor manufacturers. That is a technical niche, but it is also a cyclical capital-equipment business. The latest filed quarter, fiscal Q2 2026, the quarter ended 2026-06-30, showed revenue of $343.1M and net income of $60.1M, up from $253.6M and $33.9M in fiscal Q2 2025, the quarter ended 2025-06-28. That is impressive. Yet the annual record is uneven: fiscal 2025 revenue was $1.0B, net income $136.8M, and diluted EPS $2.78; fiscal 2024 earned $201.7M and $4.06 per share; fiscal 2023 earned $121.2M and $2.46. So the business can swing sharply. FairStock classifies it as CYCLICAL because semiconductor equipment earnings follow the economic cycle.

In plain English: Onto Innovation makes inspection and measurement tools used in making semiconductors. The business is growing quickly in the latest reported quarter, but profits have been bumpy over the years because chip equipment demand rises and falls. At the recent price, the stock looks expensive compared with the company's earnings, assets, and cash flow.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-27) · fiscal Q2 2025 10-Q (period ended 2025-06-28) · FY2025 10-K (period ended 2026-01-03) · FY2024 10-K (period ended 2024-12-28) · FY2023 10-K (period ended 2023-12-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer