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Onto Innovation Inc (ONTO)
NYSE:ONTO
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.32Last Year’s EPS
1.51Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum: record quarterly and annual revenue, improved margins, record cash generation, a large multi-year VPA (> $240M), doubled backlog and bullish guidance (Q1 revenue $275M–$285M; Q2 >$300M). Key growth engines are advanced packaging (>30% expected growth in 2026) and advanced nodes (more than doubled in 2025), supported by new product introductions and strategic Semilab acquisition. Offsets and near-term risks include a projected ~10% decline in power semiconductor revenue in 2026, supply-chain and lead-time pressures, and timing uncertainty for some advanced nodes ramps and next-gen product qualifications. Overall, the positives materially outweigh the negatives and management is guiding to continued margin and revenue expansion throughout 2026.Company Guidance
Record Quarterly and Full-Year Revenue
Q4 record revenue of $267 million, a 22% increase sequentially from Q3; full-year 2025 revenue was a record $1.005 billion.
Significant Cash Generation
Record cash generation of $95 million in Q4, representing approximately 150% cash conversion of non-GAAP net income.
Improving Margins
Gross margin improved ~50 basis points sequentially to 54.6% in Q4; operating margin improved ~410 basis points sequentially to 25.2% in Q4. Company expects ~50 basis points of gross margin improvement at the Q1 midpoint and operating margins of ~25.5%–26.5% in Q1.
Strong EPS and Guidance
Adjusted diluted EPS for Q4 was $1.26. Q1 EPS guidance is $1.26 to $1.36 (assumes ~16% tax rate and ~49.9M shares outstanding).
Large Multi-Year VPA
Signed a volume purchase agreement valued at over $240 million for Dragonfly 2D and 3D bump metrology through 2027, including over $60 million in systems for 3D bump metrology — providing multi-year revenue visibility.
Advanced Packaging Momentum
Advanced packaging business grew over 25% sequentially in the quarter. Company estimates advanced packaging revenue will grow over 30% in 2026, with reported advanced packaging and specialty devices revenue of ~$504 million for full-year 2025.
Advanced Nodes Strength
Advanced nodes revenue more than doubled year-over-year to $308 million in 2025. Q4 advanced nodes revenue was $72 million, up slightly over 30% sequentially. New products (e.g., Atlas G6) are being adopted for gate-all-around and HBM4 DRAM applications.
Record Films & Integrated Metrology Revenue
Films metrology and integrated metrology achieved record revenue in 2025; integrated metrology expanded to include two logic customers for leading-edge processes expected to ramp in 2026.
New Orders and Product Wins
Received orders for JetStep and 8 Firefly systems to support a new large panel packaging facility, first orders for surface charge metrology from Semilab acquisition, and multiple purchase orders for 3Di metrology and panel-level process development.
Backlog and Near-Term Revenue Visibility
Backlog nearly doubled over the last three months to a record level of approximately two quarters. Q1 revenue guidance of $275M–$285M and expectation that Q2 revenue will exceed $300M, implying 12%–14% core growth in H1 2026 vs H2 2025.
Strategic Acquisition Closed
Completed acquisition of Semilab on November 17; consideration paid was $445 million cash plus issuance of 641,771 shares. Semilab contributed ~$9 million of revenue in Q4 and is expected to contribute low $100M–$110M in revenue in 2026 (subject to market trends).
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 |
|---|---|---|---|
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% |
May 08, 2025 | $126.81 | $88.50 | -30.21% |
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 Inc (ONTO) report earnings?
Onto Innovation Inc (ONTO) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Onto Innovation Inc (ONTO) earnings time?
Onto Innovation Inc (ONTO) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONTO EPS forecast?
ONTO EPS forecast for the fiscal quarter 2026 (Q1) is 1.32.