Filing Flows › Onto Innovation (ONTO) › Q2 2026 › vs Q1 2026
Onto Innovation (ONTO) Q2 2026 vs Q1 2026 (quarter over quarter)
Onto Innovation's revenue rose $51.2M (+18%) from $292M in Q1 2026 to $343M in Q2 2026. The biggest changes: Systems and Software Revenue +$46.9M (+19%); Parts Revenue +$2.2M (+8%); Service Revenue +$2.1M (+12%). Gross margin 53.4% against 50.1% (+3.3 pts).
Onto Innovation, Q2 2026: revenue $343M (+35% year over year), operating margin 18.5%, net earnings $60.1M, operating cash flow $61.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 53.4% | 50.1% | +3.3 pts |
| Operating margin | 18.5% | 11.5% | +7.0 pts |
| Net margin | 17.5% | 11.6% | +6.0 pts |
| Free cash flow margin | 16.9% | 7.8% | +9.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Systems and Software Revenue | $294M | $247M | $46.9M | +19% |
| Parts Revenue | $28.7M | $26.6M | $2.2M | +8% |
| Service Revenue | $20.4M | $18.2M | $2.1M | +12% |
| Revenue | $343M | $292M | $51.2M | +18% |
| Gross profit | $183M | $146M | $36.9M | +25% |
| Cost of revenue | $160M | $146M | $14.3M | +10% |
| Other income, net | $4.9M | $4.5M | $408K | +9% |
| Operating profit | $63.5M | $33.5M | $30.0M | +90% |
| Operating expenses | $120M | $113M | $6.8M | +6% |
| Pre-tax earnings | $68.5M | $38.1M | $30.4M | +80% |
| Research & development | $38.9M | $35.1M | $3.8M | +11% |
| Sales & marketing | $23.1M | $21.5M | $1.6M | +8% |
| General & admin | $34.3M | $31.4M | $2.9M | +9% |
| Other operating costs | $23.5M | $24.9M | −$1.4M | -6% |
| Net earnings | $60.1M | $33.8M | $26.4M | +78% |
| Income tax | $8.4M | $4.3M | $4.1M | +95% |
| Depreciation & amortization | $24.9M | $25.5M | −$585K | -2% |
| Share-based compensation | $10.0M | $7.0M | $3.0M | +43% |
| Working capital & other | $33.5M | $39.9M | −$6.4M | -16% |
| Operating cash flow | $61.5M | $26.3M | $35.2M | +134% |
| Free cash flow (OCF − capex) | $57.9M | $22.7M | $35.1M | +154% |
| Capital expenditures | $3.7M | $3.6M | $72K | +2% |
Questions
How much did Onto Innovation's revenue grow quarter over quarter in Q2 2026?
Onto Innovation's revenue rose $51.2M (+18%) from $292M in Q1 2026 to $343M in Q2 2026.
What drove Onto Innovation's revenue change in Q2 2026?
Systems and Software Revenue +$46.9M (+19%); Parts Revenue +$2.2M (+8%); Service Revenue +$2.1M (+12%).