INTC
Intel Corporation
INTC has a slight edge over ONTO overall, supported by stronger valuation and stronger fundamentals.
ONTO
Onto Innovation Inc.
ONTO has lower modeled downside risk, despite its lower overall score.
INTC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Healthy |
INTC's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
ONTO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Under pressure |
ONTO's revenue, profitability and cash flow are currently healthy, but its balance sheet is under pressure.
INTC PE Valuation
INTC has no meaningful PE right now: it lost money over the past year.
ONTO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $210 | — |
| Cheap | 22x | $66.59 | -68% |
| Fair | 43x | $130 | -38% |
| Current | 69x | $210 | — |
| Expensive | 82x | $249 | +19% |
Historical ranges are pointers, not guarantees.
ONTO's PE is in its expensive range at 69x. If earnings grow as analysts expect, today's price would be 17x next year's earnings, in its cheap range.
INTC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Broad | |
| Low |
Analysts expect earnings and revenue growth for INTC, with profitability improving. However, they disagree widely on these estimates.
ONTO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for ONTO, with profitability improving. However, they disagree widely on these estimates.
INTC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.41 | — |
| Q3 2026 | -$2.39 | -24000% |
| Q2 2026 | -$2.09 | +$2.68 |
| Q1 2026 | -$0.60 | +$3.88 |
| Q4 2025 | -$0.06 | +$4.32 |
| Q3 2025 | $0.01 | +$3.72 |
| Q2 2025 | -$4.77 | -2088% |
| Q1 2025 | -$4.48 | -562% |
| Q4 2024 | -$4.38 | -1195% |
INTC has swung to a loss: it lost $2.39 per share over the past year, after a profit the year before.
ONTO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.99 | +293% |
| Q3 2026 | $3.05 | -14% |
| Q2 2026 | $2.67 | -34% |
| Q1 2026 | $2.15 | -51% |
| Q4 2025 | $2.78 | -32% |
| Q3 2025 | $3.54 | -4.1% |
| Q2 2025 | $4.04 | +21% |
| Q1 2025 | $4.42 | +57% |
| Q4 2024 | $4.06 | +65% |
ONTO has the edge over INTC on earnings quality, reporting a profit while its opponent remains loss making.
INTC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $16.5B | +21% |
| Q2 2026 | $16.1B | +25% |
| Q1 2026 | $13.6B | +7.2% |
| Q4 2025 | $13.7B | -4.1% |
| Q3 2025 | $13.7B | +2.8% |
| Q2 2025 | $12.9B | +0.2% |
| Q1 2025 | $12.7B | -0.4% |
| Q4 2024 | $14.3B | -7.4% |
INTC's revenue is recovering but still below its 2021 peak: $16.5B last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +10 points |
| Q2 2026 | 11% | +36 points |
| Q1 2026 | -23% | -21 points |
| Q4 2025 | 4.2% | +1.4 points |
| Q3 2025 | 5% | +73 points |
| Q2 2025 | -25% | -9.4 points |
| Q1 2025 | -2.4% | +6 points |
| Q4 2024 | 2.9% | -14 points |
INTC's operating margin was 15% last quarter, up 10 points from the same quarter a year ago.
ONTO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $409.7M | +88% |
| Q2 2026 | $343.1M | +35% |
| Q1 2026 | $291.9M | +9.5% |
| Q4 2025 | $266.9M | +1.1% |
| Q3 2025 | $218.2M | -13% |
| Q2 2025 | $253.6M | +4.7% |
| Q1 2025 | $266.6M | +17% |
| Q4 2024 | $263.9M | +21% |
ONTO has the edge over INTC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +12 points |
| Q2 2026 | 19% | +5.8 points |
| Q1 2026 | 11% | -12 points |
| Q4 2025 | 5.2% | -11 points |
| Q3 2025 | 11% | -10 points |
| Q2 2025 | 13% | -7.4 points |
| Q1 2025 | 24% | +5 points |
| Q4 2024 | 16% | +3.2 points |
ONTO has the edge over INTC on profitability, with a higher operating margin.
INTC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +774% |
| Q2 2026 | $4.5B | +$6B |
| Q1 2026 | -$2.5B | +$1.8B |
| Q4 2025 | $800M | +$3.5B |
| Q3 2025 | $121M | +$2.5B |
| Q2 2025 | -$1.5B | +$1.9B |
| Q1 2025 | -$4.4B | +$2.8B |
| Q4 2024 | -$2.7B | -$597M |
INTC has the edge over ONTO on cash flow, with more consistent year-over-year improvement.
ONTO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $77.2M | -5.9% |
| Q2 2026 | $57.9M | +31% |
| Q1 2026 | $22.7M | -73% |
| Q4 2025 | $89.9M | +75% |
| Q3 2025 | $82M | +39% |
| Q2 2025 | $44.2M | -17% |
| Q1 2025 | $83.7M | +67% |
| Q4 2024 | $51.4M | -13% |
ONTO's free cash flow has been positive every quarter for seven years: $248M over the past year, down 5.2% from the year before.
INTC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4% | +203M shares |
| 1 year | +17% | +776M shares |
| 3 years | +25% | +1.1B shares |
| 5 years | +30% | +1.2B shares |
| Available history | +19% | +834M shares |
INTC has 5.3B diluted shares, up 17% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | $114M |
| Q1 2021 | $2.3B |
ONTO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -426K shares |
| 1 year | +0.3% | +150K shares |
| 3 years | -0.3% | -145K shares |
| 5 years | -1% | -506K shares |
| Available history | +13% | +5.6M shares |
ONTO has the edge over INTC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $205M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $75M |
| Q4 2024 | $25.1M |
ONTO spent $205M buying back its own shares over the past year, up 105% from the year before.
INTC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Healthy |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 4.0x | Elevated |
| Q1 2025 | 69.6x | High |
| Q3 2024 | 23.8x | High |
| Q2 2024 | 4.3x | High |
INTC has the edge over ONTO on leverage, with a lower net debt burden relative to earnings.
ONTO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.6x | Elevated |
| Q2 2026 | 1.0x | Healthy |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | -1.8x | Net Cash |
| Q3 2025 | -2.8x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | -0.9x | Net Cash |
ONTO's net debt is about 3.6 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
INTC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.1 | Neutral |
| Stochastic | 7.7 | Oversold |
INTC's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
ONTO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.4 | Neutral |
| Stochastic | 13.5 | Oversold |
ONTO's weekly RSI is 43 (neutral) and its Stochastic is 14 (oversold).
INTC PE vs Technology Sector
| Metric | INTC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
INTC has no meaningful PE right now: it lost money over the past year.
ONTO PE vs Technology Sector
| Metric | ONTO | Sector median | Relative |
|---|---|---|---|
| PE | 69x | 28x | 147% above |
| PE % | 74 | 35 | 39 pts above |
ONTO is trading at 69x earnings, a 147% premium to the Technology sector's median of 28x.
INTC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $88.4 | 31% below |
| 20 week MA | $95.3 | 36% below |
| 50 week MA | $79.3 | 23% below |
| 100 week MA | $52.1 | 18% above |
| 200 week MA | $42.5 | 44% above |
INTC has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 44% above its 200-week average.
ONTO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $239.2 | 12% below |
| 20 week MA | $268.5 | 22% below |
| 50 week MA | $246.0 | 15% below |
| 100 week MA | $187.8 | 12% above |
| 200 week MA | $169.1 | 24% above |
ONTO has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 24% above its 200-week average.
INTC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $60.1 | $47.1 | -22% |
| 2021 | $47.1 | $51.3 | +9% |
| 2022 | $51.3 | $26.1 | -49% |
| 2023 | $26.1 | $50.3 | +93% |
| 2024 | $50.3 | $20.3 | -60% |
| 2025 | $20.3 | $36.2 | +78% |
| 2026 YTD | $36.2 | $61.2 | +69% |
INTC has the edge over ONTO on returns for 2026, with the stronger performance.
ONTO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.3 | $48.0 | +32% |
| 2021 | $48.0 | $99.1 | +106% |
| 2022 | $99.1 | $67.9 | -32% |
| 2023 | $67.9 | $152.9 | +125% |
| 2024 | $152.9 | $170.7 | +12% |
| 2025 | $170.7 | $160.6 | -5.9% |
| 2026 YTD | $160.6 | $209.7 | +31% |
ONTO has finished higher in four of the last six years, two of them by more than 50%. It's up 31% so far in 2026.