Mission Statement, Vision, & Core Values of Onto Innovation Inc. (ONTO)

In a rapidly evolving technological landscape, how does a company stay true to its foundational principles while driving innovation and growth? For Onto Innovation Inc. (NYSE: ONTO), a leader in process control solutions, the answer lies in its clearly defined mission, vision, and core values. With a strong 2024 fiscal year, where total revenue reached $987 million, marking a 21% increase over 2023, and GAAP diluted earnings per share grew by 65% to $4.06, understanding these guiding principles becomes even more crucial.

But what exactly are these principles, and how do they translate into the company's strategic decisions and day-to-day operations? Read on to explore the mission, vision, and core values that steer Onto Innovation towards continued success and industry leadership.

Onto Innovation Inc. (ONTO) An Overview of

Onto Innovation Inc. (ONTO) was formed in October 2019 through the merger of Rudolph Technologies and Nanometrics. The company specializes in process control, combining unpatterned and patterned wafer inspection, metrology, and lithography systems, along with process control software. These solutions are designed to enhance yield, quality, and reliability in advanced microelectronic device manufacturing. The company serves the semiconductor, industrial, and data storage markets.

As of April 2025, precise, up-to-date sales figures are not available. However, to gain insights into the company’s performance, one can review the latest financial reports and investor presentations available on Onto Innovation's website.

Onto Innovation's product and service offerings include:

• Automated 3D metrology systems
• Un-patterned wafer inspection systems
• Patterned wafer inspection systems
• Panel and macro inspection systems
• Lithography systems
• Process control software

Onto Innovation Inc. reported record revenue in 2024, driven significantly by sales of its inspection and metrology products. The company has experienced growth in the advanced packaging, radio frequency (RF) and specialty devices, and front-end markets. For detailed financial information, it is advisable to consult the company's official financial statements and investor updates.

To delve deeper into understanding why Onto Innovation is a leader in its industry, continue reading here: Exploring Onto Innovation Inc. (ONTO) Investor Profile: Who’s Buying and Why?

Onto Innovation Inc. (ONTO) Mission Statement

Onto Innovation's mission is to deliver comprehensive process solutions to the world's advanced manufacturers through collaboration and innovation.

The company optimizes customers' critical path of progress by making them smarter, faster, and more efficient. Headquartered in Wilmington, Massachusetts, Onto Innovation supports its customers with a worldwide sales and service organization.

Onto Innovation stands alone in process control with a unique perspective across the semiconductor value chain. The company enables its customers to solve their most difficult yield, device performance, quality, and reliability issues.

Onto Innovation combines the scale of a global leader with an expanded portfolio of leading-edge technologies that include:

• Unpatterned wafer quality
• 3D metrology spanning the chip from nanometer-scale transistors to micron-level die-interconnects
• Macro defect inspection of wafers and packages
• Metal interconnect composition
• Factory analytics
• Lithography for advanced semiconductor packaging

The breadth of this portfolio allows collaboration with customers about their process yields and process variations from bare silicon wafers through the wafer fab to the final back-end packaging. Onto Innovation's software brings understanding of how individual processes affect the overall product, enabling customers to improve product quality and reliability.

The company's vision is advancing manufacturing innovation faster, smarter, together.

Onto Innovation strives to optimize customers' critical path of progress by making them smarter, faster, and more efficient.

In 2024, Onto Innovation reported strong financial results:

• Total revenue of $987 million, a 21% increase over 2023
• Cash generated from operations of $246 million, a 43% improvement over 2023
• GAAP diluted earnings per share of $4.06, a 65% increase over 2023
• Non-GAAP diluted earnings per share of $5.34, a 43% increase over 2023

The company's core values are passion, integrity, and collaboration.

These locations are certified to ISO 9001:2015, a testament to our commitment to continually improve products, services and processes: Milpitas, California; Wilmington, Massachusetts; Bloomington, Minnesota; Tucson, Arizona.

The company's innovative technology, experienced leadership, and strong customer relationships contribute to its differentiation. Onto Innovation's advanced technologies enable semiconductor manufacturers to improve yield, reduce costs, and enhance product performance. The company's emphasis on customer support fosters long-term relationships and repeat business.

Explore more about Onto Innovation Inc. in this related article: Exploring Onto Innovation Inc. (ONTO) Investor Profile: Who’s Buying and Why?

Onto Innovation Inc. (ONTO) Vision Statement of

A vision statement serves as a guiding star for a company, outlining its aspirations and what it hopes to achieve in the long term. It's designed to inspire and provide a clear sense of direction for employees, stakeholders, and customers alike. While specific details of Onto Innovation's vision statement as of April 2025 are not available in the provided search results, we can analyze the company's strategic goals, values, and recent initiatives to infer the core elements likely found in their vision.

Onto Innovation Inc. (referred to as ONTO) operates in the semiconductor industry, providing process control, metrology, and inspection solutions. To understand ONTO's vision, it's essential to consider the key aspects that drive their business, including innovation, customer focus, and market leadership.

Innovation and Technology Leadership

Innovation is likely a cornerstone of ONTO's vision. Given their focus on process control and metrology, ONTO probably aims to be at the forefront of technological advancements in the semiconductor industry. This could include:

• Developing cutting-edge inspection and metrology tools that enable customers to manufacture more advanced and efficient semiconductors.
• Pioneering new technologies that address the evolving challenges of semiconductor manufacturing, such as increasing complexity and shrinking feature sizes.
• Investing in research and development to stay ahead of the curve and anticipate future industry trends.

ONTO's commitment to innovation is reflected in their financial figures. In the fiscal year 2024, ONTO reported research and development expenses of $137.2 million, or 20.4% of revenue, compared to $120.3 million, or 20.8% of revenue, for the fiscal year 2023. This increase demonstrates ONTO's ongoing investment in developing new technologies and solutions for its customers.

Customer-Centric Approach

A strong emphasis on customer satisfaction and partnership is crucial for ONTO. This involves:

• Providing customized solutions that meet the specific needs of each customer.
• Offering superior service and support to ensure customer success.
• Building long-term relationships based on trust and collaboration.

ONTO's customer-centric approach is evident in their business strategy. They work closely with their customers to understand their challenges and develop solutions that improve their manufacturing processes. This collaborative approach has helped ONTO build strong relationships with leading semiconductor manufacturers worldwide.

Market Expansion and Global Reach

ONTO likely envisions expanding its market presence and serving a global customer base. This includes:

• Targeting growth opportunities in emerging markets.
• Expanding its product portfolio to address a wider range of applications.
• Strengthening its sales and service network to provide global support.

ONTO's global reach is already significant, with customers in North America, Europe, and Asia. In 2024, 74.7% of the company's revenue came from Asia, 14.8% from North America and 10.5% from Europe. The company's vision probably includes further expanding its presence in these key regions and capitalizing on growth opportunities in emerging markets such as India and Southeast Asia.

Financial Performance and Sustainable Growth

ONTO's vision probably encompasses achieving strong financial performance and sustainable growth. This includes:

• Increasing revenue and profitability through innovation and market expansion.
• Improving operational efficiency and reducing costs.
• Generating strong cash flow to fund future investments.

ONTO's financial performance in recent years reflects its commitment to sustainable growth. In 2024, the company reported revenue of $672.1 million, an increase of 6.8% compared to $629.6 million in 2023. Net income for 2024 was $84.9 million, or $1.70 per diluted share, compared to net income of $70.7 million, or $1.42 per diluted share, for 2023.

ONTO's vision statement likely integrates these elements, focusing on technological leadership, customer partnerships, global expansion, and sustainable financial performance. By striving to achieve these goals, ONTO aims to create long-term value for its shareholders, employees, and customers.

To gain more insights into ONTO's investor profile, consider reading: Exploring Onto Innovation Inc. (ONTO) Investor Profile: Who’s Buying and Why?

Onto Innovation Inc. (ONTO) Core Values of

As of April 2025, Onto Innovation Inc. (ONTO) operates with a clear mission, vision, and a defined set of core values that guide its operations and strategic decisions. These elements reflect the company's commitment to innovation, customer satisfaction, and ethical conduct. More details about the company can be found at Onto Innovation Inc. (ONTO): History, Ownership, Mission, How It Works & Makes Money.

Customer Commitment

ONTO is dedicated to exceeding customer expectations through innovative solutions and services. This commitment is reflected in their approach to understanding and addressing customer needs, ensuring that every interaction adds value. Customer commitment is integral to ONTO's business strategy, fostering long-term relationships and driving mutual success.

• Providing tailored solutions that precisely meet customer requirements.
• Ensuring timely and effective support to address any customer concerns.
• Continuously seeking feedback to improve products and services.

Innovation

Innovation is at the heart of ONTO's operations. The company continually invests in research and development to create cutting-edge technologies that address the evolving needs of the semiconductor industry. ONTO's innovative spirit drives its ability to deliver advanced solutions that enhance the efficiency and productivity of its customers.

• Investing 17.2% of revenue in research and development in fiscal year 2024.
• Developing advanced process control solutions for next-generation semiconductor manufacturing.
• Fostering a culture of creativity and problem-solving among employees.

Integrity

Integrity is a cornerstone of ONTO's corporate culture. The company adheres to the highest ethical standards in all its business dealings, ensuring transparency, honesty, and fairness. This commitment to integrity builds trust with customers, employees, and shareholders, reinforcing ONTO's reputation as a responsible and reliable industry leader.

• Maintaining strict compliance with all applicable laws and regulations.
• Promoting a culture of ethical conduct and accountability.
• Ensuring transparency in financial reporting and corporate governance.

Teamwork

ONTO fosters a collaborative environment where teamwork is highly valued. By encouraging open communication, knowledge sharing, and mutual respect, ONTO leverages the diverse talents of its employees to achieve common goals. This emphasis on teamwork enhances innovation, problem-solving, and overall organizational effectiveness.

• Promoting cross-functional collaboration to drive innovation.
• Encouraging open communication and knowledge sharing among employees.
• Recognizing and rewarding team achievements to foster a sense of unity and purpose.

Excellence

ONTO strives for excellence in every aspect of its business. From product development to customer service, the company is committed to achieving the highest standards of quality and performance. This dedication to excellence drives continuous improvement and ensures that ONTO remains at the forefront of the semiconductor industry.

• Implementing rigorous quality control processes to ensure product reliability.
• Investing in employee training and development to enhance skills and expertise.
• Continuously monitoring and improving operational efficiency to maximize performance.