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Onto Innovation ONTO Q2 2026 earnings

Reported August 6, 2026 · After market close

Revenue$343.1MBeat by $17.8M
EPS$1.93Beat by $0.24
Revenue estimate$325.3M
EPS estimate$1.69
“Onto Innovation is positioned well across several key technology inflections driving next generation AI and high performance compute devices. High end-market demand, supported by our team's solid execution, resulted in record revenue in both advanced nodes and advanced packaging. Visibility continues to be strong with customers maintaining investments in their multi-year growth plans, resulting in a backlog exceeding $1 billion for the first time in company history. With this momentum, we expect a strong second half of 2026, reinforced by demand trends we believe will extend into 2027.”
Mike Plisinski

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$391.6M
EPS estimate$2.30

Financials

Q2 2026

Income statement

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Revenue$343.1M+35.3%
Gross profit$183.3M+50.1%
Operating income$63.6M+97.1%
Net income$60.1M+75.8%
EPS (diluted)$1.21+75.4%

Balance sheet

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Cash & equivalents$1.3B+476%
Total equity$1.9B-2.1%
Total assets$3.7B+72.8%

Cash flow

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Operating cash flow$61.5M+6.2%
CapEx$3.7M-73.4%
Free cash flow$57.9M+31.0%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$17.84B+237%
P/E110×+78.7×
P/S15.9×+10.8×

Profitability

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Gross margin50.4%-1.2pp
Operating margin12%-6.4pp
Net margin14.5%-1.8pp
FCF margin22.5%-0.5pp

Returns & leverage

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Return on equity8.3%-0.6pp
Current ratio9.7×+0.1×

Segments

By product

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Systems And Software Revenue$294.0M+37.1%
Parts Revenue$28.7M+44.7%
Service Revenue$20.4M+5.9%

FAQ

When did Onto Innovation report Q2 2026 earnings?
Onto Innovation (ONTO) reported Q2 2026 earnings on August 6, 2026 after market close.
What were Onto Innovation's Q2 2026 revenue and EPS?
Onto Innovation reported revenue of $343.1M and eps of $1.93 for Q2 2026.
Did Onto Innovation beat estimates in Q2 2026?
Revenue beat the consensus estimate of $325.3M by $17.8M. EPS beat the consensus estimate of $1.69 by $0.24.
How did Onto Innovation's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 35.3% from $253.6M a year earlier and eps grew 54.4% from $1.25.
Where can I find Onto Innovation's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-337990) and the 10-Q periodic report (0001193125-26-338401) directly on SEC EDGAR. The filing index links above go to sec.gov.