Onto Innovation (ONTO) Tax Rate (2010 - 2026)
Onto Innovation's (ONTO) quarterly Tax Rate came in at 12.26% in Q2 2026, down 241.0% year-over-year from 8.7% in Q2 2025, and up 8.47% quarter-over-quarter from 11.31% in Q1 2026.
Analysis
Onto Innovation (ONTO) Tax Rate (2010 - 2026) Analysis & Trends
Onto Innovation (ONTO) has reported Tax Rate for 17 consecutive years, with 12.26% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate fell 241.0% year-over-year to 12.26% in Q2 2026; TTM through Jun 2026 was 21.21%, a 176.0% decrease from a year earlier, with the FY2026 full-year figure at 21.0%, changed 0.0% from the prior year.
- Tax Rate was 12.26% for Q2 2026 at Onto Innovation, up from 11.31% in the prior quarter.
- Over five years, Tax Rate peaked at 87.39% in Q1 2026 and troughed at 7.03% in Q3 2023.
- A 5-year average of 23.23% and a median of 11.52% in 2025 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate slumped 1825 bps in 2024 and surged 2893 bps in 2026, its largest moves.
- Over 5 years, Tax Rate stood at 50.25% in 2022, then jumped by 53 bps to 76.7% in 2023, then declined by 24 bps to 58.46% in 2024, then slumped by 80 bps to 11.74% in 2025, then increased by 4 bps to 12.26% in 2026.
- The last three Tax Rate figures came in at 12.26% (Q2 2026), 11.31% (Q1 2026), and 87.39% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Lam Research | 374.58 Bn | 369.00 Bn | 3.48 Bn | 10.87% |
| 2 | Applied Materials | 362.85 Bn | 353.62 Bn | 4.59 Bn | 12.69% |
| 3 | Kla | 237.04 Bn | 235.39 Bn | 2.24 Bn | 12.03% |
| 4 | Mks | 18.07 Bn | 17.46 Bn | 595.00 Mn | 17.84% |
| 5 | Onto Innovation | 13.82 Bn | 11.94 Bn | 183.25 Mn | 12.26% |
| 6 | Nova | 11.15 Bn | 10.53 Bn | 144.16 Mn | 15.82% |
| 7 | Camtek | 6.80 Bn | 6.49 Bn | 66.70 Mn | -31.86% |
| 8 | ACM Research | 4.89 Bn | 3.55 Bn | 134.62 Mn | 9.93% |
| 9 | Kulicke & Soffa Industries | 4.50 Bn | 3.98 Bn | 157.95 Mn | 21.09% |
| 10 | Axcelis Technologies | 3.52 Bn | 3.12 Bn | 91.19 Mn | 8.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.26% |
| Mar 31, 2026 | 11.31% |
| Jan 3, 2026 | 87.39% |
| Sep 27, 2025 | 11.74% |
| Jun 28, 2025 | 14.67% |
| Mar 29, 2025 | 10.61% |
| Dec 28, 2024 | 58.46% |
| Sep 28, 2024 | 13.05% |
| Jun 29, 2024 | 7.54% |
| Mar 30, 2024 | 7.94% |
| Dec 30, 2023 | 76.70% |
| Sep 30, 2023 | 7.27% |
| Jul 1, 2023 | 7.03% |
| Apr 1, 2023 | 9.73% |
| Dec 31, 2022 | 50.25% |
| Oct 1, 2022 | 12.77% |
| Jul 2, 2022 | 9.92% |
| Apr 2, 2022 | 9.48% |
| Sep 25, 2021 | 15.37% |
| Jun 26, 2021 | 2.52% |