Filing Flows › Onto Innovation (ONTO) › Q1 2026 › vs Q1 2025
Onto Innovation (ONTO) Q1 2026 vs Q1 2025 (year over year)
Onto Innovation's revenue rose $25.3M (+10%) from $267M in Q1 2025 to $292M in Q1 2026. The biggest changes: Systems and Software Revenue +$16.0M (+7%); Parts Revenue +$8.4M (+46%); Service Revenue +$961K (+6%). Gross margin 50.1% against 53.7% (-3.6 pts).
Onto Innovation, Q1 2026: revenue $292M (+10% year over year), operating margin 11.5%, net earnings $33.8M, operating cash flow $26.3M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 50.1% | 53.7% | -3.6 pts |
| Operating margin | 11.5% | 23.7% | -12.2 pts |
| Net margin | 11.6% | 24.0% | -12.5 pts |
| Free cash flow margin | 7.8% | 31.4% | -23.6 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Systems and Software Revenue | $247M | $231M | $16.0M | +7% |
| Parts Revenue | $26.6M | $18.2M | $8.4M | +46% |
| Service Revenue | $18.2M | $17.3M | $961K | +6% |
| Revenue | $292M | $267M | $25.3M | +10% |
| Gross profit | $146M | $143M | $3.2M | +2% |
| Cost of revenue | $146M | $123M | $22.2M | +18% |
| Other income, net | $4.5M | $8.5M | −$4.0M | -47% |
| Operating profit | $33.5M | $63.1M | −$29.6M | -47% |
| Operating expenses | $113M | $80.1M | $32.8M | +41% |
| Pre-tax earnings | $38.1M | $71.7M | −$33.6M | -47% |
| Research & development | $35.1M | $28.0M | $7.1M | +25% |
| Sales & marketing | $21.5M | $19.7M | $1.7M | +9% |
| General & admin | $31.4M | $22.8M | $8.6M | +38% |
| Other operating costs | $24.9M | $9.6M | $15.3M | +160% |
| Net earnings | $33.8M | $64.1M | −$30.3M | -47% |
| Income tax | $4.3M | $7.6M | −$3.3M | -43% |
| Operating cash sources | $66.2M | $83.7M | −$17.5M | -21% |
| Depreciation & amortization | $25.5M | $12.8M | $12.6M | +98% |
| Share-based compensation | $7.0M | $6.8M | $197K | +3% |
| Working capital & other | $39.9M | −$8.2M | $48.2M | — |
| Operating cash flow | $26.3M | $92.0M | −$65.7M | -71% |
| Free cash flow (OCF − capex) | $22.7M | $83.7M | −$61.0M | -73% |
| Capital expenditures | $3.6M | $8.2M | −$4.6M | -56% |
Questions
How much did Onto Innovation's revenue grow year over year in Q1 2026?
Onto Innovation's revenue rose $25.3M (+10%) from $267M in Q1 2025 to $292M in Q1 2026.
What drove Onto Innovation's revenue change in Q1 2026?
Systems and Software Revenue +$16.0M (+7%); Parts Revenue +$8.4M (+46%); Service Revenue +$961K (+6%).