ONTO INNOVATION INC.ONTOEarnings & Financial Report
Onto Innovation Inc. is an American semiconductor company formed in 2019 from the merger of Rudolph Technologies, Inc. and Nanometrics Incorporated. It is a provider of process and process control equipment and software for microelectronic manufacturing industries.
Revenue
$266.6M
Gross Profit
$143.2M
Operating Profit
$63.1M
Net Profit
$64.1M
Gross Margin
53.7%
Operating Margin
23.7%
Net Margin
24.0%
YoY Growth
16.5%
EPS
$1.30
ONTO INNOVATION INC. Q1 FY2025 Financial Summary
ONTO INNOVATION INC. reported revenue of $266.6M (up 16.5% YoY) for Q1 FY2025, with a net profit of $64.1M (up 36.8% YoY) (24.0% margin). Cost of goods sold was $123.4M, operating expenses totaled $80.1M.
Key Financial Metrics
| Total Revenue | $266.6M |
|---|---|
| Net Profit | $64.1M |
| Gross Margin | 53.7% |
| Operating Margin | 23.7% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
ONTO INNOVATION INC. Q1 FY2025 revenue of $266.6M breaks down across 3 segments, led by Systems And Software Revenue at $231.2M (86.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Systems And Software Revenue | $231.2M | 86.7% |
| Parts Revenue | $18.2M | 6.8% |
| Transferred Over Time | $17.3M | 6.5% |
ONTO INNOVATION INC. Revenue by Segment — Quarterly Trend
ONTO INNOVATION INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Systems And Software Revenue and Parts Revenue) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Systems And Software Revenue | $173.8M | $214.5M | $231.2M | $228.0M |
| Parts Revenue | $23.9M | $19.8M | $18.2M | $19.7M |
| Transferred Over Time | — | — | $17.3M | $16.1M |
ONTO INNOVATION INC. Annual Revenue by Year
ONTO INNOVATION INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $987.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $987.3M |
ONTO INNOVATION INC. Quarterly Revenue & Net Profit History
ONTO INNOVATION INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $218.2M | -13.5% | $28.2M | 12.9% |
| Q2 FY2025 | $253.6M | +4.7% | $33.9M | 13.4% |
| Q1 FY2025 | $266.6M | +16.5% | $64.1M | 24.0% |
| Q4 FY2024 | $263.9M | +20.6% | $48.8M | 18.5% |
| Q3 FY2024 | $252.2M | +21.7% | $53.1M | 21.0% |
| Q2 FY2024 | $242.3M | +21.7% | $52.9M | 21.9% |
| Q1 FY2024 | $228.8M | — | $46.9M | 20.5% |
| Q3 FY2023 | $207.2M | -19.2% | $35.9M | 17.3% |
Income Statement
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $207.2M | $228.8M | $242.3M | $252.2M | $263.9M | $266.6M | $253.6M | $218.2M |
| YoY Growth | -19.2% | N/A | 21.7% | 21.7% | 20.6% | 16.5% | 4.7% | -13.5% |
Balance Sheet
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.86B | $1.95B | $2.01B | $2.07B | $2.12B | $2.12B | $2.14B | $2.19B |
| Liabilities | $166.0M | $171.8M | $173.7M | $169.8M | $191.2M | $195.4M | $177.0M | $184.5M |
| Equity | $1.70B | $1.78B | $1.83B | $1.90B | $1.93B | $1.92B | $1.96B | $2.00B |
Cash Flow
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $60.3M | $57.1M | $65.3M | $67.2M | $56.0M | $92.0M | $57.9M | $83.4M |