Filing Flows › Onto Innovation (ONTO) › Q3 2025
Onto Innovation (ONTO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Onto Innovation (ONTO) reported revenue of $218M for the third quarter 2025 (Q3 2025), -13% from a year earlier and -14% from the quarter before. Operating margin was 10.9%, net earnings $28.2M (12.9% of revenue).
Onto Innovation, Q3 2025: revenue $218M (-14% year over year), operating margin 10.9%, net earnings $28.2M, operating cash flow $83.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $218M | -14% | -13% |
| Gross profit | $111M | -9% | -19% |
| Operating profit | $23.7M | -27% | -55% |
| Net earnings | $28.2M | -17% | -47% |
| Operating cash flow | $83.4M | +44% | +24% |
| Free cash flow | $82.0M | +86% | +39% |
What changed
Revenue was $218.2M in Q3 2025, down 13% year over year and down 14% from the previous quarter. Systems and Software Revenue was the largest line at 80% of revenue. Systems and Software Revenue lost $43.3M year over year (down 20%), 127% of the total change.
Gross margin was 50.7%, down 3.4 points from a year earlier. Operating profit was $23.7M, a 10.9% margin (down 10.2 points year over year). Operating expenses grew 4% against a revenue fall of 13%. The fastest-growing cost line was General & admin (+22%). Net earnings were $28.2M, down 47% year over year. The effective tax rate was 11.7%. Non-operating items added $8.3M, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $83.4M (up 24% year over year), 295% of net earnings. Non-cash charges added back $13.4M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items added $34.8M. Capital expenditures of $1.4M left free cash flow of $82.0M.
Questions
What was Onto Innovation's revenue in the third quarter 2025?
Onto Innovation (ONTO) reported revenue of $218M for the third quarter 2025 (Q3 2025), -13% from a year earlier and -14% from the quarter before.
Was Onto Innovation profitable in the third quarter 2025?
Operating profit was $23.7M (10.9% of revenue) and net earnings $28.2M.
Source: Onto Innovation 10-Q on SEC EDGAR.