Business Wire·Nov 9, 2026, 4:05 PM ET

Onto Innovation Reports 2026 Third Quarter Results

Onto Innovation Inc. reported third quarter 2026 revenue of $410 million, a record increase of 88% year-over-year & 19% sequentially.
Non-GAAP gross margin improved to 57.6% in the quarter, marking a 300 basis point year-to-date increase.
Advanced Nodes, Advanced Packaging, & Specialty Devices all achieved record revenue driven by Atlas® G6, Dragonfly® G5, & Firefly® systems.
The company closed on an August 2026 purchase of a 27% ownership interest in Rigaku.
Order backlog increased during the quarter to exceed $1.3 billion.
Third quarter GAAP net income was $46.8 million ($0.95 per share), while non-GAAP net income was $120.3 million ($2.44 per share).
For the nine months ended September 30, 2026, revenue reached $1.045 billion, up 41.5% year-over-year.
The company generated approximately $79 million in cash from operations during the third quarter.
Cash, cash equivalents, & marketable securities totaled $1.25 billion at the end of the third quarter.
Full-year 2026 revenue growth is expected to exceed 45% year-over-year.
Fourth quarter 2026 revenue is forecasted between $430 million & $450 million.
Fourth quarter 2026 non-GAAP operating margin is projected between 33.5% & 34.5%.
A conference call to discuss results is scheduled for November 9, 2026, at 4:30 p.m. Eastern Time.