Onto Innovation Inc. income statement
In fiscal 2025, Onto Innovation Inc. reported revenue of $1.01bn, up 1.8% on the year before, operating income of $133m (a 13.2% margin) and net income of $137m, or $2.78 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Jan 2010 | 2010Jan 2011 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Jan 2022 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Jan 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 77 | 188 | 230 | 183 | 144 | 166 | 187 | 221 | 255 | 274 | 306 | 556 | 789 | 1,005 | 816 | 987 | 1,005 | 1,120 |
| Cost of revenue | 41 | 87 | 108 | 99 | 82 | 91 | 98 | 107 | 121 | 126 | 171 | 278 | 360 | 466 | 396 | 472 | 505 | 556 |
| Gross profit | 36 | 101 | 122 | 84 | 63 | 76 | 90 | 114 | 135 | 148 | 135 | 278 | 429 | 539 | 420 | 515 | 500 | 564 |
| Research and development | 15 | 19 | 23 | 30 | 33 | 34 | 33 | 31 | 38 | 40 | 48 | 85 | 96 | 112 | 104 | 114 | 132 | 143 |
| Selling and marketing | 15 | 21 | 27 | 26 | 27 | 27 | 28 | 30 | 21 | 22 | 28 | 48 | 57 | 66 | 62 | 76 | 70 | 80 |
| General and administrative | 15 | 19 | 23 | 22 | 22 | 24 | 22 | 23 | 28 | 34 | 53 | 65 | 68 | 70 | 80 | 80 | 107 | 125 |
| Operating income | −13 | 41 | 46 | 5 | −22 | −12 | 5 | 29 | 59 | 51 | −5 | −27 | −156 | 237 | 116 | 187 | 133 | 135 |
| Interest expense | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — |
| Income before tax | −17 | 41 | 45 | 5 | −24 | −12 | 6 | 29 | 60 | 53 | −1 | −27 | −156 | 242 | 133 | 220 | 163 | 158 |
| Income tax | −1 | −15 | 16 | 0 | −9 | 19 | 3 | −15 | 27 | 8 | −18 | −4 | 13 | 18 | 11 | 19 | 26 | 25 |
| Net income | −16 | 56 | 29 | 4 | −14 | −31 | 3 | 44 | 33 | 45 | 223 | 31 | 142 | 223 | 121 | 202 | 137 | 133 |
| Diluted EPS | −$0.43 | $1.22 | $0.61 | $0.10 | −$0.30 | −$0.65 | $0.06 | $0.88 | $0.64 | $0.87 | $0.06 | $0.63 | $2.86 | $4.49 | $2.46 | $4.06 | $2.78 | $2.67 |
| Diluted shares (average) | 37m | 46m | 47m | 48m | 47m | 48m | 49m | 50m | 52m | 52m | 50m | 49m | 50m | 50m | 49m | 50m | 49m | 50m |
| EBITDA | −7 | 46 | 51 | 14 | −13 | −2 | 14 | 37 | 63 | 56 | 1 | −13 | −142 | 246 | 128 | 200 | 154 | 156 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Jan 2026 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 252 | 264 | 267 | 254 | 218 | 267 | 292 | 343 |
| Cost of revenue | 116 | 132 | 123 | 131 | 108 | 143 | 146 | 160 |
| Gross profit | 136 | 132 | 143 | 122 | 111 | 124 | 146 | 183 |
| Research and development | 28 | 32 | 28 | 35 | 32 | 36 | 35 | 39 |
| Selling and marketing | 19 | 19 | 20 | 15 | 17 | 18 | 21 | 23 |
| General and administrative | 20 | 22 | 23 | 25 | 25 | 34 | 31 | 34 |
| Operating income | 53 | 42 | 63 | 32 | 24 | 14 | 34 | 64 |
| Income before tax | 61 | 51 | 72 | 40 | 32 | 20 | 38 | 68 |
| Income tax | 8 | 2 | 8 | 6 | 4 | 9 | 4 | 8 |
| Net income | 53 | 49 | 64 | 34 | 28 | 11 | 34 | 60 |
| Diluted EPS | $1.07 | $0.98 | $1.30 | $0.69 | $0.57 | $0.21 | $0.67 | $1.21 |
| EBITDA | 57 | 45 | 68 | 38 | 29 | 20 | 39 | 69 |
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