Filing Flows › Onto Innovation (ONTO) › Q2 2026 › vs Q2 2025
Onto Innovation (ONTO) Q2 2026 vs Q2 2025 (year over year)
Onto Innovation's revenue rose $89.5M (+35%) from $254M in Q2 2025 to $343M in Q2 2026. The biggest changes: Systems and Software Revenue +$79.5M (+37%); Parts Revenue +$8.9M (+45%); Service Revenue +$1.1M (+6%). Gross margin 53.4% against 48.2% (+5.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 53.4% | 48.2% | +5.3 pts |
| Operating margin | 18.5% | 12.7% | +5.8 pts |
| Net margin | 17.5% | 13.4% | +4.1 pts |
| Free cash flow margin | 16.9% | 17.4% | -0.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Systems and Software Revenue | $294M | $215M | $79.5M | +37% |
| Parts Revenue | $28.7M | $19.8M | $8.9M | +45% |
| Service Revenue | $20.4M | $19.2M | $1.1M | +6% |
| Revenue | $343M | $254M | $89.5M | +35% |
| Gross profit | $183M | $122M | $61.1M | +50% |
| Cost of revenue | $160M | $131M | $28.4M | +22% |
| Other income, net | $4.9M | $7.5M | −$2.5M | -34% |
| Operating profit | $63.5M | $32.2M | $31.3M | +97% |
| Operating expenses | $120M | $89.9M | $29.8M | +33% |
| Pre-tax earnings | $68.5M | $39.7M | $28.8M | +72% |
| Research & development | $38.9M | $35.3M | $3.6M | +10% |
| Sales & marketing | $23.1M | $14.9M | $8.2M | +55% |
| General & admin | $34.3M | $25.0M | $9.3M | +37% |
| Other operating costs | $23.5M | $14.7M | $8.8M | +60% |
| Net earnings | $60.1M | $33.9M | $26.2M | +77% |
| Income tax | $8.4M | $5.8M | $2.6M | +44% |
| Depreciation & amortization | $24.9M | $14.2M | $10.7M | +75% |
| Share-based compensation | $10.0M | $6.7M | $3.3M | +50% |
| Working capital & other | $33.5M | −$3.1M | $36.6M | — |
| Operating cash flow | $61.5M | $57.9M | $3.6M | +6% |
| Free cash flow (OCF − capex) | $57.9M | $44.2M | $13.7M | +31% |
| Capital expenditures | $3.7M | $13.8M | −$10.1M | -73% |
Questions
How much did Onto Innovation's revenue grow year over year in Q2 2026?
Onto Innovation's revenue rose $89.5M (+35%) from $254M in Q2 2025 to $343M in Q2 2026.
What drove Onto Innovation's revenue change in Q2 2026?
Systems and Software Revenue +$79.5M (+37%); Parts Revenue +$8.9M (+45%); Service Revenue +$1.1M (+6%).