Onto Innovation Inc. (ONTO) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
ONTO's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
ONTO Revenue Analysis (2013–2024)
As of March 1, 2026, Onto Innovation Inc. (ONTO) generated trailing twelve-month (TTM) revenue of $1.00 billion, reflecting significant decline in growth of -13.5% year-over-year. The most recent quarter (Q3 2025) recorded $218.2 million in revenue, down 14.0% sequentially.
Looking at the longer-term picture, ONTO's 5-year compound annual growth rate (CAGR) stands at +26.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.01 billion in 2022.
Revenue diversification analysis shows ONTO's business is primarily driven by Systems And Software Revenue (86%), Parts Revenue (8%), and Service Revenue (6%). With over half of revenue concentrated in Systems And Software Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including KLAC (+17.6% YoY), TER (+13.1% YoY), and NVMI (+31.0% YoY), ONTO has underperformed the peer group in terms of revenue growth. Compare ONTO vs KLAC →
Peer Comparison
Compare ONTO's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ONTOCurrent | $1.0B | -13.5% | +26.4% | 19.0% | |
| KLAC | $12.2B | +17.6% | +15.9% | 43.1% | |
| TER | $3.2B | +13.1% | +0.4% | 21.7% | |
| NVMI | $672M | +31.0% | +24.5% | 27.9% | |
| FORM | $764M | +2.8% | +5.3% | 8.5% | |
| CAMT | $429M | +27.9% | +26.2% | 25.2% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $987.3M | +21.0% | $515.3M | 52.2% | $187.1M | 19.0% |
| 2023 | $815.9M | -18.8% | $420.3M | 51.5% | $116.1M | 14.2% |
| 2022 | $1.01B | +27.4% | $539.2M | 53.6% | $236.7M | 23.5% |
| 2021 | $788.9M | +41.8% | $429.1M | 54.4% | $156.4M | 19.8% |
| 2020 | $556.5M | +81.9% | $278.5M | 50.0% | $26.7M | 4.8% |
| 2019 | $305.9M | +11.7% | $135.0M | 44.1% | $-5,043,000 | -1.6% |
| 2018 | $273.8M | +7.3% | $148.3M | 54.2% | $51.1M | 18.7% |
| 2017 | $255.1M | +9.6% | $134.6M | 52.8% | $59.3M | 23.2% |
| 2016 | $232.8M | +5.0% | $123.6M | 53.1% | $52.3M | 22.5% |
| 2015 | $221.7M | +22.3% | $119.4M | 53.9% | $32.8M | 14.8% |
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Start ComparisonFrequently Asked Questions
Is ONTO's revenue growth accelerating or slowing?
ONTO revenue declined -13.5% year-over-year, contrasting with the 5-year CAGR of +26.4%. TTM revenue fell to $1.0B. This reverses the prior growth trend.
What is ONTO's long-term revenue growth rate?
Onto Innovation Inc.'s 5-year revenue CAGR of +26.4% reflects the variable expansion pattern. Current YoY growth of -13.5% is below this long-term average.
How is ONTO's revenue distributed by segment?
ONTO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.