Onto Innovation Inc. (ONTO): a potential bargain?

Buy — this looks like sector-wide chip-equipment panic selling, not company-specific bad news, and growth remains excellent.

🔥 HOT Fundamentals77/100

Fell 23% in 10 trading day(s) — now $270.79

Why ONTO dropped

Multiple sources attribute the drop to a broad semiconductor-equipment sector selloff (AI-trade profit-taking, worries about Chinese lithography competition) that hit peers like KLA and Teradyne too, not any Onto-specific problem; no earnings miss, no guidance cut, no fraud, no lost customer has surfaced.

Fwd P/E 23.2Op margin 23.0%Rev growth 35.3%Debt/equity 76.5%Analyst upside 43.5%

How this scored 77/100

✅ Passes all 4 hard checks — profitable, cash-generative, and financially survivable.

✅ Makes money Net profit margin 11.8%

✅ Generates cash Free cash flow $203M

✅ Not drowning in debt Debt/equity 76.5% (limit 200%)

✅ Can pay its bills Current ratio 9.7 (needs 1+)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 14/25

Operating margin 23.0% 8/9

Net profit margin 11.8% 5/8

Return on equity 6.8% 1/8

Growth Is it getting bigger, or dying? 25/25

Revenue growth 35.3% 9/9

Earnings growth 75.4% 8/8

Expected profit change 334.9% 8/8

Value Is it cheap right now? 16/25

Forward P/E 23.2 5/10

PEG ratio 1.2 6/8

Analyst target upside 43.5% 5/7

Balance sheet Will it survive? 22/25

Debt / equity 76.5% 7/10

Current ratio 9.7 8/8

Free cash flow $203M 7/7

🔒 Read the full AI analysis

Create a free account to unlock the bull case and the risks for ONTO — plus today's other picks.

Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-08-31. Research only — not financial advice.