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Onto Innovation (ONTO) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Onto Innovation (ONTO) Q2 2026 earnings results →
Q2 2026 Revenue up 35% year over year to $343M · 18¢ of every $1 of revenue kept as net profit · operating margin 18.5%
Onto Innovation made $343M in Q2 2026 (+35% Y/Y): Systems and Software Revenue $294M, Parts Revenue $28.7M, Service Revenue $20.4M. Operating margin 18.5%, net earnings $60.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $343.1M in Q2 2026, up 35% year over year and up 18% from the previous quarter. Systems and Software Revenue was the largest line at 86% of revenue. Systems and Software Revenue added $79.5M year over year (up 37%), 89% of the total change.
Gross margin was 53.4%, up 5.3 points from Q2 2025. Operating profit was $63.5M, a 18.5% margin (up 5.8 points year over year). Of the extra revenue versus Q2 2025, 35% reached operating profit, above the 13% margin then. Operating expenses grew 33% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+60%). Net earnings were $60.1M, up 77% year over year. The effective tax rate was 12.3%.
Operating cash flow was $61.5M (up 6% year over year), 102% of net earnings. Non-cash charges added back $24.9M of depreciation and amortization and $10.0M of share-based compensation. Working capital and other items used $33.5M. Capital expenditures of $3.7M left free cash flow of $57.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $343M | +35% | 18.5% | $60.1M | $61.5M |
| Q1 2026 | 10-Q | May 5, 2026 | $292M | +10% | 11.5% | $33.8M | $26.3M |
| Q1 2026 | 10-K | Feb 24, 2026 | $267M | — | 5.2% | $10.5M | $95.0M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $218M | -14% | 10.9% | $28.2M | $83.4M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $254M | +5% | 12.7% | $33.9M | $57.9M |
| Q1 2025 | 10-Q | May 8, 2025 | $267M | +16% | 23.7% | $64.1M | $92.0M |
| Q4 2024 | 10-K | Feb 25, 2025 | $264M | +21% | 16.1% | $48.8M | $56.0M |
Charts
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Interactive views
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💵Where each $1 goesinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
Sells to
- TSM — 20% of its revenue · Stated in 10-K (XBRL) · source
- SKHY — 14% of its revenue · Stated in 10-K (XBRL) · source
About Onto Innovation
Onto Innovation ® is a worldwide leader in the design, development, manufacture and support of metrology and inspection tools for the semiconductor industry, including process control tools that perform optical metrology and inspection on patterned and unpatterned wafers, including macro defect inspection of both 2D and 3D wafer features, wafer substrate and panel substrate lithography systems, and process control analytical software. Our products are primarily used by silicon wafer manufacturers, semiconductor integrated circuit (“IC”) fabricators, and advanced packaging manufacturers operating in the semiconductor market.
In its own words, from its 10-K, filed Feb 24, 2026.
Onto Innovation against its Measuring & Controlling Devices, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +35% against the peers' median +9%. Operating margin: 18.5% against the peers' median 6.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ONTO Onto Innovation | Q2 2026 | $343M | +35% | 18.5% |
| TMO Thermo Fisher Scientific | Q3 2026 | $12.1B | +9% | 18.6% |
| ROK Rockwell Automation | Q4 FY26 | $2.3B | +0.7% | 18.6% |
| TRMB Trimble | Q3 2026 | $967M | +7% | 14.7% |
| MIR Mirion Technologies | Q3 2026 | $278M | +24% | 6.2% |
| OWLT Owlet | Q2 2026 | $33.9M | +30% | 5.1% |
| GEOS Geospace Technologies | Q3 FY26 | $15.8M | -36% | -64.1% |
| BCHT Birchtech | Q2 2026 | $3.8M | +16% | -42.8% |
| US Nuclear | Q1 2026 | $352K | -26% | -41.4% |
Source: Onto Innovation 10-Q on SEC EDGAR · CIK 704532 · Measuring & Controlling Devices, NEC
Guidance and outlook
13F: who owns ONTO and who is buying
More on ONTO
- How Onto Innovation makes money: revenue by segment
- Onto Innovation next earnings date and what analysts expect
- Onto Innovation stock forecast, price target and fair value
- Who owns Onto Innovation stock: holders, funds and Congress trades
- Is Onto Innovation a takeover target? LBO and rumors
- Onto Innovation recalls, complaints and regulation
History
Every quarter: Q2 2026 results · Q1 2026 results · Q1 2026 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
- Onto Innovation guidance history: guided vs reported
- Onto Innovation gross margin by quarter
- Onto Innovation operating margin by quarter
- Onto Innovation net income by quarter
- Onto Innovation free cash flow by quarter
- Onto Innovation R&D spending by quarter
- Onto Innovation capital expenditures by quarter
- Onto Innovation Systems and Software Revenue revenue by quarter
- Onto Innovation Parts Revenue revenue by quarter
- Onto Innovation Service Revenue revenue by quarter