Inferra AI / Company / ONTO
Onto Innovation Inc.
ONTO · Industrials
Last earnings Aug 6, 2026
Key results
Revenuequarter
$253.6 million
Three months ended June 28, 2025: Revenue and Gross Margin: • Revenue of $253.6 million, up 5% year-over-year from $242.3 million in the second quarter of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Growthquarter
up 5%
Three months ended June 28, 2025: Revenue and Gross Margin: • Revenue of $253.6 million, up 5% year-over-year from $242.3 million in the second quarter of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Gross marginquarter
48.2%
• Gross margin of 48.2% as compared to gross margin of 52.9% in the second quarter of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Non-GAAP gross marginquarter
54.5%
Non-GAAP gross margin of 54.5% as compared to 53.2% in the second quarter of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Operating incomequarter
$32.2 million
Operating Income: 1 EXHIBIT 99.1 • Operating income of $32.2 million, or 12.7% of revenue, as compared to operating income of $48.8 million, or 20.2% of revenue, in the second quarter of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Non-GAAP operating incomequarter
$65.6 million
• Non-GAAP operating income of $65.6 million, or 25.9% of revenue, as compared to non-GAAP operating income of $64.5 million, or 26.6% of revenue, in the second quarter of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Net incomequarter
$33.9 million
Net Income and Earnings per share: • Net income of $33.9 million, or earnings per share of $0.69, as compared to net income of $52.9 million, or earnings per share of $1.07, in the second quarter of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
EPSquarter
$0.69
Net Income and Earnings per share: • Net income of $33.9 million, or earnings per share of $0.69, as compared to net income of $52.9 million, or earnings per share of $1.07, in the second quarter of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Non-GAAP net incomequarter
$61.3 million
• Non-GAAP net income of $61.3 million, or non-GAAP earnings per share of $1.25, as compared to non-GAAP net income of $65.4 million, or non-GAAP earnings per share of $1.32, in the second quarter of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Six months ended June 28, 2025 Revenue and Gross Margin: • Revenue of $520.2 million, up 10% year-over-year from $471.2 million in the first half of 2024.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Research and developmentquarter
$35,292 thousand
Research and development 35,292 27,044 63,322 53,599
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Operating expensesquarter
$89,875 thousand
Total operating expenses 89,875 79,403 169,974 154,951
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
AI analysis
Q2 2025 · reported Aug 7, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Aug 7, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $253.6 million | — | — |
| Growth | up 5% | — | — |
| Gross margin | 48.2% | — | — |
| Non-GAAP gross margin | 54.5% | — | 53.2% |
| Operating income | $32.2 million | — | — |
| Non-GAAP operating income | $65.6 million | — | — |
| Net income | $33.9 million | — | — |
| EPS | $0.69 | — | — |
Guidance · company-stated
“of 53% to 55%”
“of 18% to 21%”
“of $0.52 to $0.72”
“of $0.75 to $0.95”
Guidance stated in the release's Outlook: table; no direction stated — figures as stated in the table.
Margin
Capital allocation
In connection with the adoption, 7 Table of Contents the Company elected an accounting policy to allocate the excess of the repurchase price over par for all shares repurchased and retired to additional paid-in capital on a prospective basis.
The Company s marketable securities, comprised of Level 2 available-for-sale debt securities, are valued using observable inputs to quoted market prices, benchmark yields, reported trades, broker/dealer quotes or alternative pricing sources with reasonable levels of price transparency.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue -17.2% computed from stated figures
Event summary
Onto Innovation Reports 2025 Second Quarter Results Wilmington, Mass ., August 7, 2025 – Onto Innovation Inc
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Revenue: “Revenue of $210 million to $225 million”
Gross margin: “Gross margin of 53% to 55%”
operating margin: “operating margin of 18% to 21%”
GAAP diluted earnings per share: “GAAP diluted earnings per share of $0.52 to $0.72”
Non-GAAP diluted earnings per share: “Non-GAAP diluted earnings per share of $0.75 to $0.95”
Revenue (“Outlook:”)
“Revenue of $210 million to $225 million”
Gross margin (“Outlook:”)
“Gross margin of 53% to 55%”
operating margin (“Outlook:”)
“operating margin of 18% to 21%”
GAAP diluted earnings per share (“Outlook:”)
“GAAP diluted earnings per share of $0.52 to $0.72”
Non-GAAP diluted earnings per share (“Outlook:”)
“Non-GAAP diluted earnings per share of $0.75 to $0.95”
Guidance stated in the release's Outlook: table; no direction stated — figures as stated in the table.
Capital allocation
In connection with the adoption, 7 Table of Contents the Company elected an accounting policy to allocate the excess of the repurchase price over par for all shares repurchased and retired to additional paid-in capital on a prospective basis.
SEC original ↗Onto Innovation Inc. — 10-Q Quarterly report10-QAug 6, 2026
The Company s marketable securities, comprised of Level 2 available-for-sale debt securities, are valued using observable inputs to quoted market prices, benchmark yields, reported trades, broker/dealer quotes or alternative pricing sources with reasonable levels of price transparency.
SEC original ↗Onto Innovation Inc. — 10-Q Quarterly report10-QAug 6, 2026
11 Table of Contents Financial Instruments Not Measured at Fair Value on a Recurring Basis The Company reports its financial instruments at fair value with the exception of its 0.00% Convertible Senior Notes due 2031 ( 2031 Notes ).
SEC original ↗Onto Innovation Inc. — 10-Q Quarterly report10-QAug 6, 2026
Debt Obligations Indenture and Notes On May 21, 2026, the Company issued $ 1.5 billion aggregate principal amount of 2031 Notes.
SEC original ↗Onto Innovation Inc. — 10-Q Quarterly report10-QAug 6, 2026
The Company has used or intends to use (i) approximately $ 88.9 million of the net proceeds to fund the cost of entering into the capped call transactions described below, (ii) approximately $ 204.9 million of the net proceeds to repurchase 805 thousand shares of Common Stock concurrently with the pricing of the offering in privately negotiated transactions effected with or through one of the initial purchasers or one or more of its affiliates, at a price per share equal to $ 254.53 , the last reported sale price per share of Common Stock on the NYSE on May 18, 2026 and (iii) the remaining net proceeds for general corporate purposes, which may include financing the Rigaku Transaction.
SEC original ↗Onto Innovation Inc. — 10-Q Quarterly report10-QAug 6, 2026
The 2031 Notes will mature on June 1, 2031, unless earlier converted, redeemed or repurchased.
SEC original ↗Onto Innovation Inc. — 10-Q Quarterly report10-QAug 6, 2026
Risks & headwinds
Discussion of Non-GAAP Financial Measures In addition to information regarding the Company’s results as determined in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company has provided in this release non-GAAP financial measures, including non-GAAP gross margin as a percentage of revenue, non-GAAP operating income, non-GAAP operating expenses, non-GAAP net income, non-GAAP diluted earnings per share and non-GAAP operating margin as a percentage of revenue, which exclude amortization of intangibles, merger and acquisition-related expenses and benefits, litigation expenses and benefits and restructuring costs.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Litigation expenses and benefits: we may incur charges or benefits as well as legal costs in connection with litigation and other contingencies unrelated to our core operations.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
GAAP operating income $ 32,247 $ 48,833 $ 95,381 $ 91,570 Pre-tax non-GAAP items: Merger and acquisition related expenses 2,507 1,264 2,665 1,638 Restructuring and other 22,415 1,324 27,173 2,370 Litigation expenses — (3 ) — 27 Amortization of intangibles 8,446 13,112 16,891 26,224 Non-GAAP operating income $ 65,615 $ 64,530 $ 142,110 $ 121,829 U.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
GAAP net income $ 33,911 $ 52,949 $ 98,006 $ 99,802 Pre-tax non-GAAP items: Merger and acquisition related expenses 2,507 1,264 2,665 1,638 Restructuring and other 22,415 1,324 27,173 2,370 Litigation expenses — (3 ) — 27 Amortization of intangibles 8,446 13,112 16,891 26,224 Net tax provision adjustments (5,976 ) (3,292 ) (8,623 ) (6,255 ) Non-GAAP net income $ 61,303 $ 65,354 $ 136,112 $ 123,806 Non-GAAP diluted earnings per share $ 1.25 $ 1.32 $ 2.77 $ 2.49 ONTO INNOVATION INC SUPPLEMENTAL INFORMATION - RECONCILIATION OF THIRD QUARTER 2025 U.
SEC original ↗Onto Innovation Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Legal Proceedings 29 Item 1A.
SEC original ↗Onto Innovation Inc. — 10-Q Quarterly report10-QAug 6, 2026
Estimates made by management include excess and obsolete inventory, fair value of assets acquired and liabilities assumed in a business combination, recoverability and useful lives of property, plant and equipment and identifiable intangible assets, recoverability of goodwill, recoverability of deferred tax assets, allowance for credit losses, liabilities for product warranty, share-based payments and liabilities for tax uncertainties.
SEC original ↗Onto Innovation Inc. — 10-Q Quarterly report10-QAug 6, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
32 documents- Q2 2026
- 8-KONTO
Aug 10, 2026
- 10-QONTO
Aug 6, 2026
- 8-KONTO
Aug 6, 2026
- Q1 2026
- 8-KONTO
May 21, 2026
- 8-KONTO
May 20, 2026
- 8-KONTO
May 18, 2026
- 10-QONTO
May 5, 2026
- 8-KONTO
May 5, 2026
- 8-KONTO
Apr 21, 2026
- EX-99ONTO
Apr 21, 2026
- 8-KONTO
Apr 16, 2026
- EX-99ONTO
Apr 16, 2026
- Q4 2025
- 10-KONTO
Feb 24, 2026
- 8-KONTO
Feb 19, 2026
- Q3 2025
- 8-KONTO
Nov 21, 2025
- 8-KONTO
Nov 17, 2025
- 10-QONTO
Nov 6, 2025
- 8-KONTO
Nov 6, 2025
- 8-KONTO
Oct 10, 2025
- Q2 2025
- 10-QONTO
Aug 7, 2025
- 8-KONTO
Aug 7, 2025
- 8-K/AONTO
Jul 11, 2025
- Q1 2025
- 8-KONTO
Jun 30, 2025
- 8-KONTO
Jun 16, 2025
- 8-KONTO
Jun 12, 2025
- 8-KONTO
May 21, 2025
- 10-QONTO
May 8, 2025
- 8-KONTO
May 8, 2025
- 8-KONTO
Apr 1, 2025
- Q4 2024
- 10-KONTO
Feb 25, 2025
- 8-KONTO
Feb 6, 2025
- Q3 2024
- 8-KONTO
Dec 2, 2024
Earnings releases
10 documentsPresentations
0 documentsNo presentations for Onto Innovation Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Onto Innovation Inc. are held in this edition of the library.
Mentioned by
5 companiesOther tracked companies whose held documents mention Onto Innovation Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“…Onto Innovation Inc. (NYSE: ONTO) today announced the successful closing of its previously announced acquisition of a 27% minority equity stake in Rigaku Holdin”
“cluding 2.5D logic and high-bandwidth memory, as well as silicon photonics applications. “Onto Innovation is positioned well across several key technology inflections driving… …segments; fluctuations in customer capital spending; the Company’s abilit”
“he “Act”) which include statements relating to the timing, size and completion… …value of Onto Innovation’s common stock and, if the Notes have been issued, the value of the Notes. Share Repurchases The concurrent repurchases of approximately $205,”
“he “Act”) which include statements relating to the timing, size and completion… …value of Onto Innovation’s common stock and, if the Notes have been issued, the value of the Notes. Share Repurchases The concurrent repurchases of up to approximately”
“e United States of America. NOTE 15. Share Repurchase Authorization In February 2024, the Onto Innovation Board of Directors approved a new share repurchase… …strengthen our market position, including our ability to source components, materials, and ”
See also the earnings calendar for every tracked company’s next earnings date.