Filing Flows › Onto Innovation (ONTO) › Q2 2026
Onto Innovation (ONTO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Onto Innovation (ONTO) reported revenue of $343M for the second quarter 2026 (Q2 2026), +35% from a year earlier and +18% from the quarter before. Operating margin was 18.5%, net earnings $60.1M (17.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $343M | +18% | +35% |
| Gross profit | $183M | +25% | +50% |
| Operating profit | $63.5M | +90% | +97% |
| Net earnings | $60.1M | +78% | +77% |
| Operating cash flow | $61.5M | +134% | +6% |
| Free cash flow | $57.9M | +154% | +31% |
What changed
Revenue was $343.1M in Q2 2026, up 35% year over year and up 18% from the previous quarter. Systems and Software Revenue was the largest line at 86% of revenue. Systems and Software Revenue added $79.5M year over year (up 37%), 89% of the total change.
Gross margin was 53.4%, up 5.3 points from Q2 2025. Operating profit was $63.5M, a 18.5% margin (up 5.8 points year over year). Of the extra revenue versus Q2 2025, 35% reached operating profit, above the 13% margin then. Operating expenses grew 33% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+60%). Net earnings were $60.1M, up 77% year over year. The effective tax rate was 12.3%.
Operating cash flow was $61.5M (up 6% year over year), 102% of net earnings. Non-cash charges added back $24.9M of depreciation and amortization and $10.0M of share-based compensation. Working capital and other items used $33.5M. Capital expenditures of $3.7M left free cash flow of $57.9M.
Questions
What was Onto Innovation's revenue in the second quarter 2026?
Onto Innovation (ONTO) reported revenue of $343M for the second quarter 2026 (Q2 2026), +35% from a year earlier and +18% from the quarter before.
Was Onto Innovation profitable in the second quarter 2026?
Operating profit was $63.5M (18.5% of revenue) and net earnings $60.1M.
Source: Onto Innovation 10-Q on SEC EDGAR.