Onto Innovation (ONTO)
NYSE:ONTO
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.69Last Year’s EPS
1.25Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong execution and robust demand drivers: Q1 results beat guidance, margins expanded, EPS improved, and management provided ambitious 2026 and Q2 guidance. Strategic moves (27% Rigaku stake) and product qualifications (Dragonfly G5, Atlas G6, TSV win, JetStep) position the company for sizable growth, particularly in advanced packaging (>50% growth) and advanced nodes (~25%). Offsetting factors include rising input and logistics costs, modest near-term margin impact from new product volume, supply-chain/lead-time pressure, and accounting/ cash-use considerations related to the Rigaku investment. Overall, the positive operational momentum and sizable growth catalysts appear to outweigh the near-term headwinds.Company Guidance
Revenue Beat and Upside Guidance
Q1 revenue of $292 million, up nearly 10% sequentially, exceeded the high end of company guidance. Q2 revenue guidance of $320–$330 million (midpoint cited as +20% YoY by CEO and +28% YoY by CFO in the call). Company expects 2026 revenue growth of more than 30% and total 2026 revenue greater than $1.3 billion.
Margin Expansion and EPS Growth
Q1 gross margin improved 110 basis points to 55.7%; operating margin improved 150 basis points to 26.7%. Q1 diluted EPS was $1.42, a 13% improvement versus Q4 2025. Q2 guidance calls for gross margin of 56.0%–56.5%, operating margin of 28.0%–28.6%, and EPS of approximately $1.69 at the midpoint. Company expects at least +50 bps gross margin improvement per quarter in Q3 and to exit Q4 with operating margin >30%.
Strategic Rigaku Investment and AI Diffract Opportunity
Announced purchase of a 27% stake in Rigaku for approximately $710 million (expected to close in 2026). Management expects near-100% margin licensing revenue from AI Diffract on Rigaku X-ray systems, potential additional Atlas G6 tool sales to Rigaku customers, and dividends estimated at ~$7 million+ per year from the stake. Investment will be accounted for at fair value resulting in periodic unrealized gains/losses in other income.
Dragonfly G5 Qualification and Commercial Ramp
Dragonfly G5 inspection system qualified at a leading 2.5D logic customer; initial shipments were ahead of plan (several systems shipped in Q1) with further shipments across Q2–Q4. Pipeline includes over 15 distinct applications across more than 10 customers. Management expects substantial multi-quarter ramp and material contribution into 2027.
Strong Advanced Packaging and Advanced Nodes Momentum
Specialty device and AP revenue ~ $160 million in Q1 (two-thirds advanced packaging). Company expects advanced packaging revenue to grow >50% in 2026. Advanced nodes revenue ~ $80 million in Q1 (60% memory) with expected growth of ~25% in 2026, outpacing WFE guidance. Notable wins: Atlas G6 adoption, TSV metrology win (shipments expected H2), JetStep qualification at two packaging suppliers (ramp expectations in 2027), 3DI orders >10 in the quarter.
Record Backlog, Product Breadth, and Market Expansion
Management cited record backlog, accelerating new product adoption, expanding customer footprint (including silicon photonics and panel-level packaging), and broad SAM expansion. Company expects more than 15% sequential revenue growth in the second half of 2026 driven by customer expansions and technology adoption.
ONTO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ONTO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $305.00 | $294.05 | -3.59% |
Feb 19, 2026 | $225.33 | $216.41 | -3.96% |
Nov 06, 2025 | $131.75 | $139.09 | +5.57% |
Aug 07, 2025 | $92.68 | $102.88 | +11.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Onto Innovation (ONTO) report earnings?
Onto Innovation (ONTO) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Onto Innovation (ONTO) earnings time?
Onto Innovation (ONTO) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ONTO EPS forecast?
ONTO EPS forecast for the fiscal quarter 2026 (Q2) is 1.69.