Onto Innovation stock analysis
Onto Innovation (NNM) Stock Price & Analysis
NNM Stock Chart & Stats
- Day’s Range
- EUR 186.45 - EUR 196.80
- 52-Week Range
- EUR 106.00 - EUR 334.10
- Previous Close
- EUR 177.55
- Volume
- N/A
- Average Volume (3M)
- 67
- Market Cap
- EUR 8.74B
- Enterprise Value
- EUR 15.38B
- Total Cash (Recent Filing)
- EUR 1.25B
- Total Debt (Recent Filing)
- EUR 1.47B
- Price to Earnings (P/E)
- 70.1
- Beta
- 0.88
- Next Earnings
- Feb 11, 2027 (Est.)
- EPS Estimate
- 2.42
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Record Backlog And Demand Visibility
The record backlog and multiyear customer commitments provide unusually strong forward revenue visibility for a capital-equipment supplier. This supports capacity planning, reduces dependence on near-term order timing, and indicates that Onto’s tools are gaining durable relevance across semiconductor production.
Advanced Packaging Growth And Technology Exposure
Onto is positioned in a structurally expanding part of semiconductor manufacturing, where chiplets, HBM, and heterogeneous integration require more inspection and measurement. Increasing process complexity can raise tool intensity and support sustained demand beyond a single capacity cycle.
Strong Cash Generation And Improving Margins
Strong free cash flow indicates that reported earnings are substantially supported by cash generation, giving Onto resources to fund investment and manage its cycle. Recent margin expansion also suggests operating leverage and productivity can enhance earnings power as revenue scales.
Bears Say
Sharp Increase In TTM Leverage
The sharp TTM increase in leverage reduces the balance-sheet flexibility that historically supported Onto through semiconductor cycles. Higher debt exposure can increase financing costs and constrain investment or shareholder-return choices if demand weakens or cash generation normalizes.
Profitability Remains Below Prior Peaks
Revenue momentum has not fully translated into historical levels of profitability, indicating that costs, mix, or operating leverage remain less favorable than in earlier periods. Sustained margin recovery is therefore important to demonstrate that growth is creating durable rather than diluted earnings power.
Supply-chain Cost And Freight Pressure
Persistent pricing and freight pressure can limit the conversion of strong demand into gross-profit expansion, particularly for a capital-equipment portfolio with complex inputs and logistics. Although Onto is pursuing design and productivity actions, these costs remain a threat to margin sustainability.
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Onto Innovation Stock Smart Score
Company Description
Onto Innovation
Onto Innovation Inc. is a global leader in designing, manufacturing, and supporting cutting-edge process control solutions. The company's diverse portfolio encompasses tools for macro defect inspection, 2D/3D optical metrology, and lithography systems, alongside sophisticated analytical software for process control. These offerings are crucial for optimizing manufacturing processes, enhancing yield, and facilitating device packaging and testing in various industries worldwide. Their solutions are delivered both as standalone systems for specialized functions—such as detecting large flaws, performing packaging lithography, evaluating probe cards, and measuring transparent and opaque thin films—and through an extensive suite of process control software. This software scales from individual tool management to enterprise-wide factory integration. Beyond hardware and software, Onto Innovation also provides essential spare parts and software licensing services. Their technology is vital to a broad spectrum of clients, including manufacturers of semiconductors, advanced packaging, silicon wafers, LEDs, VCSELs, MEMS, CMOS image sensors, power devices, RF filters, and data storage products, as well as those in various industrial and scientific fields. Originally established in 1940 as Rudolph Technologies, Inc., Onto Innovation Inc. maintains its headquarters in Wilmington, Massachusetts.
- Sector
- Technology
- Industry
- Semiconductors
- CEO
- Michael Plisinski
- Employees
- 1,867
- Website
- www.ontoinnovation.com
- Address
- 16 Jonspin Road, Wilmington, MA, 01887, US
Onto Innovation (NNM) Earnings & Revenues
NNM Earnings Call
Earnings Call SentimentPositive
The call was strongly positive, with record third-quarter financial performance, raised fourth-quarter guidance, more than 45% expected full-year growth, expanding margins, a record backlog above $1.3 billion, and broad momentum across advanced packaging, advanced nodes, power, silicon photonics, and inspection products. The company acknowledged supply-chain pricing and freight headwinds, a $40 million unrealized Rigaku loss, and planned fourth-quarter advanced-node deceleration, but management continued to report strong demand, stable lead times, and sequential growth visibility through at least the first half of 2027.
View all DE:NNM earnings summariesNNM Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 6 | 8 |
| Technical Analysis | 2 | 6 | 2 |
| Moving Averages | 6 | 0 | 6 |
