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Segments

By geography

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Federal$29.74M
Foreign$5.3M
State$997K

By segment

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Single Reportable$26.14M+39.2%

Other financials

Income statement

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Revenue$291.9M+9.5%
Gross profit$146.4M+2.2%
Operating income$33.5M-46.9%
Net income$33.8M-1.3%
EPS (diluted)$0.67-48.5%

Balance sheet

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Cash & equivalents$252.2M+23.8%
Total debt$17.5M+15.3%
Total equity$2.1B+11.1%
Total assets$2.4B+13.3%

Cash flow

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Operating cash flow$26.3M-71.4%
CapEx$3.6M-56.5%
Free cash flow$22.7M-72.9%

Valuation

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Market cap$16.6B+70.5%
P/E121.8×+69.3×
P/S16.1×+6.6×

Profitability

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Gross margin48.8%-3.9pp
Operating margin10%-10.2pp
Net margin13.2%-4.9pp

Returns & leverage

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Return on equity6.7%-3.3pp
Debt / equity0.0×
Current ratio6.2×-2.3×

Where this comes from

Reported directly by Onto Innovation in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Onto Innovation’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Onto Innovation's income tax?
Onto Innovation (ONTO) reported income tax of $4.3M in Q1 2026.
How has Onto Innovation's income tax changed year-over-year?
Onto Innovation's income tax decreased by 43.1% year-over-year, from $7.56M to $4.3M.
What is the long-term trend for Onto Innovation's income tax?
Over 4 years (2021 to 2025), Onto Innovation's income tax has grown at a 18.3% compound annual growth rate (CAGR), from $13.33M to $26.14M.
What does income tax mean?
The total amount of tax the company owes on its earnings.
How do you interpret income tax?
Changes often track with pre-tax income, though shifts in effective tax rates can signal changes in geographic profit distribution.
How does income tax compare across companies?
Highly dependent on the company's global tax strategy and the statutory rates of operating regions.