Filing Flows › Onto Innovation (ONTO) › Q1 2026
Onto Innovation (ONTO) Q1 2026 earnings results (first quarter 2026)
10-K filed Feb 24, 2026
Onto Innovation (ONTO) reported revenue of $267M for the first quarter 2026 (Q1 2026) and +22% from the quarter before. Operating margin was 5.2%, net earnings $10.5M (3.9% of revenue).
Onto Innovation, Q1 2026: revenue $267M, operating margin 5.2%, net earnings $10.5M, operating cash flow $95.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $267M | +22% | — |
| Gross profit | $124M | +12% | — |
| Operating profit | $13.9M | -41% | — |
| Net earnings | $10.5M | -63% | — |
| Operating cash flow | $95.0M | +14% | — |
| Free cash flow | $89.9M | +10% | — |
What changed
Revenue was $266.9M in Q1 2026, up 22% from the previous quarter. Systems and Software Revenue was the largest line at 86% of revenue.
Gross margin was 46.4%. Operating profit was $13.9M, a 5.2% margin. Net earnings were $10.5M. The effective tax rate was 46.1%. Non-operating items added $5.7M, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $95.0M, 902% of net earnings. Non-cash charges added back $19.9M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items added $57.3M. Capital expenditures of $5.1M left free cash flow of $89.9M.
Questions
What was Onto Innovation's revenue in the first quarter 2026?
Onto Innovation (ONTO) reported revenue of $267M for the first quarter 2026 (Q1 2026) and +22% from the quarter before.
Was Onto Innovation profitable in the first quarter 2026?
Operating profit was $13.9M (5.2% of revenue) and net earnings $10.5M.
Source: Onto Innovation 10-K on SEC EDGAR.