Filing Flows › Onto Innovation (ONTO) › How it makes money
How Onto Innovation (ONTO) makes money
Onto Innovation (ONTO) made $343M of revenue in the second quarter 2026 (Q2 2026), +35% from a year earlier. Systems and Software Revenue brought in $294M (86%); Parts Revenue brought in $28.7M (8%); Service Revenue brought in $20.4M (6%). Of every dollar of revenue, 53¢ was left as gross profit, 19¢ was left as operating profit, 18¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Systems and Software Revenue | $294M | 85.7% | +19% | +37% |
| Parts Revenue | $28.7M | 8.4% | +8% | +45% |
| Service Revenue | $20.4M | 5.9% | +12% | +6% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $343M | 100.0% |
| Cost of revenue | $160M | 46.6% |
| Gross profit | $183M | 53.4% |
| Operating expenses | $120M | 34.9% |
| Operating profit | $63.5M | 18.5% |
| Income tax | $8.4M | 2.4% |
| Net earnings | $60.1M | 17.5% |
| Operating cash flow | $61.5M | 17.9% |
| Free cash flow | $57.9M | 16.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $343M | +35% |
| Q1 2026 | $292M | +10% |
| Q1 2026 | $267M | — |
| Q3 2025 | $218M | -14% |
| Q2 2025 | $254M | +5% |
| Q1 2025 | $267M | +16% |
| Q4 2024 | $264M | +21% |
From Onto Innovation's 10-Q filed Aug 6, 2026 (on EDGAR).
Questions
How does Onto Innovation make money?
Onto Innovation (ONTO) made $343M of revenue in the second quarter 2026 (Q2 2026), +35% from a year earlier. Systems and Software Revenue brought in $294M (86%); Parts Revenue brought in $28.7M (8%); Service Revenue brought in $20.4M (6%). Of every dollar of revenue, 53¢ was left as gross profit, 19¢ was left as operating profit, 18¢ was left as net earnings.
What is Onto Innovation's biggest business?
Systems and Software Revenue: $294M in the second quarter 2026, 86% of revenue, +37% from a year earlier.
What is Onto Innovation's profit margin?
Net earnings were $60.1M, 17.5% of revenue, in the second quarter 2026; the operating margin was 18.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.