Filing Flows

Filing Flows › Companies › Onto Innovation › Cash flow

Onto Innovation cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$57.9M in Q2 2026

Operating cash flow$61.5M
Capital spending−$3.7M
Free cash flow+$57.9M
Cash / net income1.0×
Cash conversion cycle214 days

Analysis

In Q2 2026, Onto Innovation generated $61.5M of operating cash flow and spent $3.7M on capital projects, leaving free cash flow of $57.9M.

Operating cash flow was $61.5M against net income of $60.1M — 1.0× profit, roughly in line with earnings. The largest differences: other operating capital +$118M, depreciation & amortization +$24.9M, stock-based pay +$10.0M.

Its cash conversion cycle was 214 days (receivables 85 + inventory 198 − payables 70).

Free cash flow

Onto Innovation: free cash flow by quarterOnto Innovation: free cash flow by quarter$59.2MQ3 2024$51.4MQ4 2024$83.7MQ1 2025$44.2MQ2 2025$82.0MQ3 2025$89.9MQ1 2026$22.7MQ1 2026$57.9MQ2 2026
Operating cash flow less capital spending.
Onto Innovation: operating cash flow against capital spendingOnto Innovation: operating cash flow against capital spendingOperating cash flowCapital spending$67.2M$8.0MQ3 2024$56.0M$4.6MQ4 2024$92.0M$8.2MQ1 2025$57.9M$13.8MQ2 2025$83.4M$1.4MQ3 2025$95.0M$5.1MQ1 2026$26.3M$3.6MQ1 2026$61.5M$3.7MQ2 2026
Latest (Q2 2026): Operating cash flow $61.5M, Capital spending $3.7M.

Capital allocation, year by year

Onto Innovation: where the cash came from (up) and went (down), by fiscal yearOnto Innovation: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2020: Operating cash flow $106MFY2020: Shares issued $2.9MFY2020: Capital spending −$3.8MFY2020: Buybacks −$52.0M$109MFY2020FY2022: Operating cash flow $175MFY2022: Shares issued $10.1MFY2022: Capital spending −$12.0MFY2022: Acquisitions −$23.8M$185MFY2022FY2022: Operating cash flow $137MFY2022: Shares issued $8.1MFY2022: Capital spending −$18.4MFY2022: Acquisitions −$4.6MFY2022: Buybacks −$65.3M$145MFY2022FY2023: Operating cash flow $172MFY2023: Shares issued $5.3MFY2023: Asset sales $2.8MFY2023: Capital spending −$22.6MFY2023: Buybacks −$3.2M$180MFY2023FY2024: Operating cash flow $246MFY2024: Shares issued $9.2MFY2024: Capital spending −$31.9MFY2024: Acquisitions −$26.8MFY2024: Buybacks −$25.1M$255MFY2024
Over these 5 years operating cash flow totalled $836M; the largest uses were buybacks ($146M) and capital spending ($88.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.9B
Debtnone
Net cash$1.9B

Onto Innovation funds itself: free cash flow was — over the last twelve months, with $1.9B of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Onto Innovation: sources (+) and uses (−) of cash, Q2 2026Onto Innovation: sources (+) and uses (−) of cash, Q2 2026Other financing$1.4BCash drawn (+) / kept (−)−$1.0BOther investing−$227MBuybacks−$205MOperating cash flow$61.5MTaxes on employees’ shares−$8.4MShares issued$5.9MCapital spending−$3.7MExchange rates−$57K

From profit to cash

Onto Innovation: net income to operating cash flow, Q2 2026Onto Innovation: net income to operating cash flow, Q2 2026Net income$60.1MDepreciation & amortization$24.9MStock-based pay$10.0MDeferred taxes$1.2MOther non-cash−$297KOther operating capital$118MOperating cash flow$61.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20268519870214
Q1 20268618464206
Q1 20269719155233
Q3 202511422438299
Q2 202510419532266
Q1 202510221441275
Q4 20249720636267
Q3 20248924739296

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$61.5M−$3.7M—−$205M$5.9M−$1.0B$57.9M
Q1 2026$26.3M−$3.6M———$93.9M$22.7M
Q1 2026$95.0M−$5.1M−$436M—$3.7M$257M$89.9M
Q3 2025$83.4M−$1.4M−$114K—$5.6M−$386M$82.0M
Q2 2025$57.9M−$13.8M$114K——−$13.7M$44.2M
Q1 2025$92.0M−$8.2M−$57K−$75.0M$4.2M$9.2M$83.7M
Q4 2024$56.0M−$4.6M−$26.8M−$25.1M—−$24.2M$51.4M
Q3 2024$67.2M−$8.0M——$5.2M−$16.2M$59.2M

Onto Innovation: income statement and cash flow

Onto Innovation, Q2 2026: revenue $343M (+35% year over year), operating margin 18.5%. The chart follows the revenue to costs, profit and cash.

Onto Innovation: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.