$ONTO
ONTO INNOVATION INC. Stock $onto

$onto Overview Financials Valuation SEC Filings Company Website

2021 Q3 Form 10-Q Financial Statement

#000156459021054563 Filed on November 04, 2021

Income Statement

Concept	2021 Q3	2020 Q3	2020 Q1
Revenue	$200.6M	$126.5M	$139.9M
YoY Change	58.58%	100.99%	129.8%
Cost Of Revenue	$91.23M	$57.60M	$77.30M
YoY Change	58.38%	83.31%	167.71%
Gross Profit	$109.4M	$68.89M	$62.63M
YoY Change	58.75%	118.62%	95.61%
Gross Profit Margin	54.52%	54.46%	44.76%
Selling, General & Admin	$29.43M	$11.90M	$33.22M
YoY Change	147.29%	-26.54%	146.35%
% of Gross Profit	26.91%	17.27%	53.04%
Research & Development	$23.81M	$9.800M	$20.93M
YoY Change	142.97%	-28.99%	98.55%
% of Gross Profit	21.77%	14.23%	33.41%
Depreciation & Amortization	$16.55M	$17.30M	$3.103M
YoY Change	-4.32%	565.38%	28.97%
% of Gross Profit	15.14%	25.11%	4.95%
Operating Expenses	$66.23M	$59.61M	$67.88M
YoY Change	11.12%	127.32%	178.06%
Operating Profit	$43.13M	$9.282M	-$5.246M
YoY Change	364.62%	75.46%	-168.95%
Interest Expense	$30.00K	$544.0K	$1.210M
YoY Change	-94.49%	-45.65%	50.12%
% of Operating Profit	0.07%	5.86%
Other Income/Expense, Net	-$291.0K	-$899.0K	$32.00K
YoY Change	-67.63%	-245.71%	-82.12%
Pretax Income	$43.07M	$8.927M	-$4.004M
YoY Change	382.46%	29.23%	-145.53%
Income Tax	$6.621M	$836.0K	$400.0K
% Of Pretax Income	15.37%	9.36%
Net Earnings	$36.45M	$8.091M	-$4.404M
YoY Change	350.48%	23.34%	-158.13%
Net Earnings / Revenue	18.17%	6.4%	-3.15%
Basic Earnings Per Share	$0.74	$0.17	-$0.09
Diluted Earnings Per Share	$0.73	$0.16	-$0.09
COMMON SHARES
Basic Shares Outstanding	49.36M	48.90M	50.12M
Diluted Shares Outstanding	49.76M	49.13M	50.12M

Balance Sheet

Concept	2021 Q3	2020 Q3	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$461.6M	$340.4M	$291.9M
YoY Change	35.59%	136.23%	97.13%
Cash & Equivalents	$152.2M	$101.6M	$101.3M
Short-Term Investments	$309.3M	$238.8M	$190.6M
Other Short-Term Assets	$21.85M	$19.90M	$26.80M
YoY Change	9.78%	168.92%	272.22%
Inventory	$222.3M	$185.0M	$160.5M
Prepaid Expenses
Receivables	$179.8M	$131.4M	$149.2M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$885.5M	$676.7M	$628.5M
YoY Change	30.85%	143.16%	137.71%
LONG-TERM ASSETS
Property, Plant & Equipment	$85.69M	$92.72M	$96.97M
YoY Change	-7.58%	76.77%	56.16%
Goodwill	$313.9M	$307.6M	$307.6M
YoY Change	2.04%	1069.68%
Intangibles	$292.9M	$330.9M	$358.2M
YoY Change	-11.49%	1219.57%	1248.12%
Long-Term Investments
YoY Change
Other Assets	$23.07M	$21.44M	$23.65M
YoY Change	7.6%	422.85%	715.52%
Total Long-Term Assets	$717.8M	$754.0M	$787.9M
YoY Change	-4.8%	539.52%	568.28%
TOTAL ASSETS
Total Short-Term Assets	$885.5M	$676.7M	$628.5M
Total Long-Term Assets	$717.8M	$754.0M	$787.9M
Total Assets	$1.603B	$1.431B	$1.416B
YoY Change	12.06%	261.11%	270.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$50.87M	$37.49M	$32.20M
YoY Change	35.7%	114.21%	70.37%
Accrued Expenses	$42.64M	$31.06M	$29.40M
YoY Change	37.28%	43.15%	67.02%
Deferred Revenue		$15.87M
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$148.6M	$97.23M	$94.30M
YoY Change	52.85%	95.24%	87.1%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$26.74M	$31.52M	$29.99M
YoY Change	-15.17%	200.22%	163.08%
Total Long-Term Liabilities	$26.74M	$31.52M	$29.99M
YoY Change	-15.17%	200.22%	163.08%
TOTAL LIABILITIES
Total Short-Term Liabilities	$148.6M	$97.23M	$94.30M
Total Long-Term Liabilities	$26.74M	$31.52M	$29.99M
Total Liabilities	$229.7M	$193.0M	$190.6M
YoY Change	19.0%	219.06%	207.92%
SHAREHOLDERS EQUITY
Retained Earnings		$6.248M
YoY Change
Common Stock		$1.230B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.374B	$1.238B	$1.226B
YoY Change
Total Liabilities & Shareholders Equity	$1.603B	$1.431B	$1.416B
YoY Change	12.06%	261.11%	270.49%

Cashflow Statement

Concept	2021 Q3	2020 Q3	2020 Q1
OPERATING ACTIVITIES
Net Income	$36.45M	$8.091M	-$4.404M
YoY Change	350.48%	23.34%	-158.13%
Depreciation, Depletion And Amortization	$16.55M	$17.30M	$3.103M
YoY Change	-4.32%	565.38%	28.97%
Cash From Operating Activities	$49.85M	$26.00M	$8.898M
YoY Change	91.74%	2066.67%	-1088.67%
INVESTING ACTIVITIES
Capital Expenditures	-$1.618M	-$800.0K	$997.0K
YoY Change	102.25%	-50.0%	-24.47%
Acquisitions
YoY Change
Other Investing Activities	-$32.91M	-$56.30M	-$1.600M
YoY Change	-41.54%	33.73%	-86.44%
Cash From Investing Activities	-$34.53M	-$57.00M	-$2.600M
YoY Change	-39.42%	30.43%	-71.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$33.61M
YoY Change			4418.01%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	2.913M	2.400M	-35.02M
YoY Change	21.38%	-1300.0%	2509.17%
NET CHANGE
Cash From Operating Activities	49.85M	26.00M	8.898M
Cash From Investing Activities	-34.53M	-57.00M	-2.600M
Cash From Financing Activities	2.913M	2.400M	-35.02M
Net Change In Cash	18.24M	-28.60M	-29.35M
YoY Change	-163.76%	-33.02%	140.2%
FREE CASH FLOW
Cash From Operating Activities	$49.85M	$26.00M	$8.898M
Capital Expenditures	-$1.618M	-$800.0K	$997.0K
Free Cash Flow	$51.47M	$26.80M	$7.901M
YoY Change	92.05%	857.14%	-455.9%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2021Q3	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#OperatingLeaseLiabilityNoncurrent
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#OperatingLeaseLiabilityNoncurrent
	us-gaap	Use Of Estimates UseOfEstimates	<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:5.27%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates made by management that are evaluated on an ongoing basis include the allowances for credit losses, excess and obsolete inventory, fair value of assets acquired and liabilities assumed in a business combination, recoverability and useful lives of property, plant and equipment and identifiable intangible assets, recoverability of goodwill, recoverability of deferred tax assets, liabilities for product warranty and contingencies, including litigation reserves, share-based payments and liabilities for tax uncertainties. Actual results could differ from those estimates.</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:5.27%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">These estimates and assumptions are based on historical experience and on various other factors which the Company believes to be reasonable under the circumstances. The Company may engage third-party valuation specialists to assist with estimates related to the valuation of financial instruments, fair value of assets acquired, and liabilities assumed in a business combination and stock awards. Such estimates often require the selection of appropriate valuation methodologies and significant judgment. Actual results could differ from these estimates under different assumptions or circumstances and such differences could be material.</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:5.27%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company also assessed the impacts of COVID-19 on the above accounting matters as of September 25, 2021 and through the date of this report. While there was not a material impact as of and for the quarter ended September 25, 2021 and through the date of this report, future actual magnitude and duration of the COVID-19 pandemic, as well as other associated factors, could result in material negative impacts to the Company’s condensed consolidated financial statements in future reporting periods.</p>
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CY2021Q3	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	133000
CY2021Q3	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	115000
CY2021Q3	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	309344000
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CY2020Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	19000
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	36448000
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CY2020Q4	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	66681000
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CY2020Q4	onto	Available For Sale Securities Debt Maturities After Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue	0
CY2021Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	45412000
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CY2021Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	47953000
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CY2021Q3	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	309326000
CY2021Q3	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	309344000
CY2020Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	236649000
CY2020Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	237002000
CY2021Q3	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	93624000
CY2021Q3	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	70000
CY2021Q3	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	2587000
CY2021Q3	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	45000
CY2020Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	32450000
CY2020Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	19000
CY2020Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	0
CY2020Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	0
CY2021Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	12927000
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CY2020Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-72000
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	1237683000
CY2021Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	138918000
CY2021Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	51097000
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	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	7259000
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CY2020Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	28499000
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	16455000
CY2021Q3	onto	Unrecognized Tax Benefits Including Interest Noncurrent UnrecognizedTaxBenefitsIncludingInterestNoncurrent	3130000
CY2020Q4	onto	Unrecognized Tax Benefits Including Interest Noncurrent UnrecognizedTaxBenefitsIncludingInterestNoncurrent	3812000
CY2021Q3	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	1308000
CY2020Q4	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	1292000
CY2021Q3	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	7312000
CY2020Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	6153000
CY2021Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	26742000
CY2020Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	27712000
	onto	Proceeds From Accounts Receivable ProceedsFromAccountsReceivable	14850000
CY2021Q3	onto	Due From Unrelated Third Parties DueFromUnrelatedThirdParties	0
CY2021Q3	onto	Intellectual Property Indemnification Obligations IntellectualPropertyIndemnificationObligations	0
CY2020Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	6485000
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	8261000
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	5646000
	us-gaap	Standard Product Warranty Accrual Additions From Business Acquisition StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition	407000
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	6134000
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	5710000
CY2021Q3	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	9019000
CY2020Q3	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	6284000
	onto	Maximum Borrowing Capacity Percentage Of Eligible Securities Held At Line Of Credit Accessed MaximumBorrowingCapacityPercentageOfEligibleSecuritiesHeldAtLineOfCreditAccessed	0.70
CY2021Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	110900000
CY2021Q3	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.018
	us-gaap	Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress	51666000
	us-gaap	Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress	33389000
CY2021Q3	onto	Contract With Customer Liability Revenue Recognized Including Additions ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions	12364000
CY2020Q3	onto	Contract With Customer Liability Revenue Recognized Including Additions ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions	10396000
	onto	Contract With Customer Liability Revenue Recognized Including Additions ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions	39819000
	onto	Contract With Customer Liability Revenue Recognized Including Additions ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions	30847000
CY2021Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	27859000
CY2020Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	17635000
CY2021Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	27859000
CY2020Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	17635000
CY2021Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	200589000
CY2020Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	126492000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	563255000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	401368000
CY2020Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	17894000
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	15626000
CY2019Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	15093000
	us-gaap	Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination	386000
CY2021Q3	us-gaap	Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress	17317000
CY2020Q3	us-gaap	Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress	10137000
CY2021Q3	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-204000
CY2020Q3	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-1005000
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-1803000
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-2311000
CY2021Q3	onto	Other Expense Income OtherExpenseIncome	-87000
CY2020Q3	onto	Other Expense Income OtherExpenseIncome	106000
	onto	Other Expense Income OtherExpenseIncome	-21000
	onto	Other Expense Income OtherExpenseIncome	246000
CY2021Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-291000
CY2020Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-899000
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1824000
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2065000
CY2021Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	43069000
CY2020Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	8927000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	105627000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	12341000
CY2021Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6621000
CY2020Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	836000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	10015000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1230000
CY2021Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.15
CY2020Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.09
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.10
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.10
CY2021Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	14244000
CY2020Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	14238000
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	36448000
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49361000
CY2021Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	401000
CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49762000
CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.74
CY2021Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.73
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1
CY2021Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	200589000
CY2020Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	126492000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	563255000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	401368000
CY2021Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	200589000
CY2020Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	126492000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	563255000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	401368000
CY2021Q3	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	100000000
	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	1882000
	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	52000000
	onto	Stock Repurchased And Retired Average Price Per Share StockRepurchasedAndRetiredAveragePricePerShare	27.62

Files In Submission

Name	View Source	Status
0001564590-21-054563-index-headers.html	Edgar Link	pending
0001564590-21-054563-index.html	Edgar Link	pending
0001564590-21-054563.txt	Edgar Link	pending
0001564590-21-054563-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
g430rrwd1kab000001.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
onto-10q_20210925.htm	Edgar Link	pending
onto-10q_20210925_htm.xml	Edgar Link	completed
onto-20210925.xsd	Edgar Link	pending
onto-20210925_cal.xml	Edgar Link	unprocessable
onto-20210925_def.xml	Edgar Link	unprocessable
onto-20210925_lab.xml	Edgar Link	unprocessable
onto-20210925_pre.xml	Edgar Link	unprocessable
onto-ex101_7.htm	Edgar Link	pending
onto-ex311_8.htm	Edgar Link	pending
onto-ex312_10.htm	Edgar Link	pending
onto-ex321_9.htm	Edgar Link	pending
onto-ex322_6.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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ONTO INNOVATION INC. Stock $onto

2021 Q3 Form 10-Q Financial Statement

#000156459021054563 Filed on November 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ONTO ONTO INNOVATION INC. Stock $onto

2021 Q3 Form 10-Q Financial Statement

#000156459021054563 Filed on November 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ONTO
ONTO INNOVATION INC. Stock $onto