Risk Sleuth
ONTO · 10-K filed 24 Feb 2026 · year to 3 Jan 2026

Onto Innovation

34 named things its latest annual report says its results depend on, each in the company's own words. 23 of them are also named by other companies we've read.

Customers

Customer A (unnamed)

earns from · 20 %named as a risk
The following table shows the revenue concentration at our top customers for the respective fiscal years:Business (Item 1)

Also named by JBL, LITE, MRVL, ZBRA

Customer B (unnamed)

earns from · 15 %named as a risk
The following table shows the revenue concentration at our top customers for the respective fiscal years:Business (Item 1)

Also named by JBL, LITE, ZBRA

Customer C (unnamed)

earns from · 14 %named as a risk
The following table shows the revenue concentration at our top customers for the respective fiscal years:Business (Item 1)

Also named by ZBRA

Taiwan Semiconductor Manufacturing Co. (TSMC)

earns fromnamed as a risk
The effect of these types of events on our revenue and cash flows could be material because we derive substantial revenue from sales to semiconductor device foundries in Taiwan such as Taiwan Semiconductor Manufacturing Company Ltd., from memory chip manufacturers in South Korea such as Samsung Electronics Co., Ltd., and from semiconductor device manufacturers in Japan such as Toshiba Corporation.Risk factors (Item 1A)

Also named by ADI, ALAB, AMD, AVGO, CRWV, ENTG, FTNT, INTC and 6 more

Samsung Electronics Co., Ltd.

earns fromnamed as a risk
The effect of these types of events on our revenue and cash flows could be material because we derive substantial revenue from sales to semiconductor device foundries in Taiwan such as Taiwan Semiconductor Manufacturing Company Ltd., from memory chip manufacturers in South Korea such as Samsung Electronics Co., Ltd., and from semiconductor device manufacturers in Japan such as Toshiba Corporation.Risk factors (Item 1A)

Also named by IDCC, LRCX, MU, Q, SNDK

Huawei Technologies Co., Ltd.

subject tonamed as a risk
For example, the U.S. Department of Commerce (“DoC”) has imposed export controls on the transfer of certain U.S. products and technologies to “military end users” in China, as well as restrictions on the transfer of U.S. products to certain companies, including Huawei Technologies Co., Ltd., and its affiliates.Risk factors (Item 1A)

Also named by CSCO, ENPH, EXTR, LITE, MXL

Toshiba Corporation

earns fromnamed as a risk
The effect of these types of events on our revenue and cash flows could be material because we derive substantial revenue from sales to semiconductor device foundries in Taiwan such as Taiwan Semiconductor Manufacturing Company Ltd., from memory chip manufacturers in South Korea such as Samsung Electronics Co., Ltd., and from semiconductor device manufacturers in Japan such as Toshiba Corporation.Risk factors (Item 1A)

Also named by FTNT

Suppliers

Contract manufacturers (Japan, Taiwan, Vietnam, Malaysia, Singapore, U.S.)

depends onnamed as a risk
We also use contract manufacturers in Japan, Taiwan, Vietnam, Malaysia, Singapore and the United States.Risk factors (Item 1A)

Also named by AIOT, COHR, CSCO, DELL, GNRC, GOOG, HROW, KEYS and 6 more

Sole-source component suppliers

depends onnamed as a risk
A significant number of our suppliers are the sole source or single source for certain components or subassemblies.Risk factors (Item 1A)

Also named by CW, CYRX, ONDS, POWL, TER, WDC, ZBRA

Partners and platforms

Wafer fabrication equipment suppliers (integrated metrology platforms)

depends onnamed as a risk
Sales of our integrated metrology systems depend upon the ability of a small number of wafer fabrication equipment suppliers to sell semiconductor manufacturing equipment products that are compatible with our metrology systems as components.Risk factors (Item 1A)

Other companies

Semilab USA

named as a risk
The success of the Semilab USA acquisition, including the realization of anticipated benefits, will depend, in part, on our ability to successfully combine our and Semilab USA’s businesses.Risk factors (Item 1A)

Competitors

KLA Corporation

competes withnamed as a risk
In automated systems for the semiconductor industry, our principal competitors are KLA Corporation (“KLA”) and Nova Ltd. (formerly Nova Measuring Instruments Ltd.) (“Nova”) for thin film and critical dimension OCD metrology.Business (Item 1)

Also named by PDFS

Canon, Inc.

competes withnamed as a risk
While the advanced packaging lithography market is served by various competitors, our primary competitors are Ushio, Inc. (“Ushio”) and Canon, Inc. (“Canon”).Business (Item 1)

Also named by HPQ

Nova Ltd.

competes withnamed as a risk
In automated systems for the semiconductor industry, our principal competitors are KLA Corporation (“KLA”) and Nova Ltd. (formerly Nova Measuring Instruments Ltd.) (“Nova”) for thin film and critical dimension OCD metrology.Business (Item 1)

Camtek Ltd.

competes withnamed as a risk
Our principal competitors for advanced packaging inspection are KLA and Camtek Ltd. (“Camtek”).Business (Item 1)

Ushio, Inc.

competes withnamed as a risk
While the advanced packaging lithography market is served by various competitors, our primary competitors are Ushio, Inc. (“Ushio”) and Canon, Inc. (“Canon”).Business (Item 1)

GigaVis Co. Ltd.

competes withnamed as a risk
Our primary competitor for inspection in the panel market is GigaVis Co. Ltd.Business (Item 1)

PDF Solutions, Inc.

competes withnamed as a risk
The primary competitor for our software products is PDF Solutions, Inc. (“PDF Solutions”) and our primary competitor for integrated metrology systems for the semiconductor industry is Nova.Business (Item 1)

Places

Taiwan

earns fromnamed as a risk
In particular, the escalation of geopolitical tensions between China and Taiwan may cause disruptions in the markets in which we operate and lead to a decreased demand for our products, which could adversely affect our business in Asia or have a negative impact on the regional or global economy.Risk factors (Item 1A)

Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more

China

earns fromnamed as a risk
U.S. export control regulations and policies have negatively impacted our ability to compete for the business of domestic customers in China, which has adversely affected our results of operations.Business (Item 1)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Israel

named as a risk
Similarly, if the conflict in Israel and Gaza and the surrounding area escalates, it could result in disruptions to our supply chain and/or the operations of our customers in a manner that reduces demand for our products.Risk factors (Item 1A)

Also named by AIOT, AKAM, AMAT, AMGN, APP, ASTS, AVY, BSX and 31 more

South Korea

earns fromnamed as a risk
Furthermore, an outbreak of hostilities or other political upheaval in China, Taiwan, Japan, or South Korea, or an economic downturn in Asia or globally, would likely harm the operations of our customers in these countries.Risk factors (Item 1A)

Also named by AAPL, ALAB, AMAT, BE, BWA, CPNG, CROX, ENTG and 11 more

Milpitas, California

operates innamed as a risk
Most of our automated and integrated products are currently manufactured at our Milpitas and Bloomington facilities.Business (Item 1)

Also named by KLAC

Bloomington, Minnesota

operates innamed as a risk
Most of our automated and integrated products are currently manufactured at our Milpitas and Bloomington facilities.Business (Item 1)

Hazards

California earthquakes

operates innamed as a risk
For example, our Milpitas operations are located near major earthquake fault lines in California.Risk factors (Item 1A)

Also named by AMD, DXCM, ELS, KLAC, SNPS

Commodities and inputs

Japanese yen

exposed to its price · $47.4 millionnamed as a risk
In addition, we hedge certain anticipated foreign currency cash flows, primarily on revenues denominated in Japanese yen.Market risk (Item 7A)

Also named by ABBV, ABT, ACN, ADBE, ALK, AMAT, AMKR, BMY and 24 more

Lasers and optics

depends on · as long as a yearnamed as a risk
In addition, the lead time required to qualify new suppliers for lasers and certain optics could be as long as a year, and the lead time required to qualify new suppliers of other components could be as long as nine months.Risk factors (Item 1A)

Neon and palladium (Ukraine–Russia)

named as a risk
For example, the Ukraine–Russia geographic region is a major source of critical raw materials used for semiconductor manufacturing (such as neon and palladium), and any supply chain disruptions or shortages of such materials due to the ongoing conflict in that region could impact our customers in a manner that reduces demand for our products.Risk factors (Item 1A)

Regulators

U.S. Department of Commerce

subject tonamed as a risk
Most recently, in 2022, the DoC imposed new export controls related to the Chinese semiconductor manufacturing, advanced computing, and supercomputer industries.Risk factors (Item 1A)

Also named by AIR, ALAB, AMKR, AXON, DELL, DLTR, ENTG, FSLR and 9 more

Laws and programs

OECD Pillar Two global minimum tax

subject to · 15%named as a risk
The guidance also established a global minimum tax of 15%.Risk factors (Item 1A)

Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more

U.S. Export Administration Regulations (Entity List, Affiliates Rule)

subject tonamed as a risk
The DoC has also added a number of companies in China to the Unverified List and Entity List of the Export Administration Regulations (“EAR”), including major buyers of semiconductor equipment.Risk factors (Item 1A)

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more

U.S. 2025 tariffs

subject tonamed as a risk
As discussed above under the heading “If we do not manage our supply chain effectively, our operating results may be adversely affected, and any increases in material, labor, supplier, logistics and other operating costs, or supply chain delays and shortages, could lower our margins or result in lost sales,” the U.S. Tariffs have increased, and may continue to increase, our supply chain costs.Risk factors (Item 1A)

Also named by HUBB

IRC Section 174

subject tonamed as a risk
The requirement reduced our cash flows for 2022, 2023 and 2024.Risk factors (Item 1A)

Technology

Artificial intelligence (AI) demand

earns from
The growth in artificial intelligence (“AI”) based applications has generated significant demand and new technology requirements in the advanced node segment, including for both logic and memory devices.Business (Item 1)

Also named by LUMN, UCTT