Earnings Releases·Nov 9, 2026, 4:08 PM ET

Onto Innovation — Q3 2026 Earnings Summary

Q3 2026 revenue surged 87.8% year-over-year to $409.7 million, while GAAP and Non-GAAP operating margins expanded significantly to 23.3% and 32.6% respectively, driven by record performance in Advanced Nodes and Advanced Packaging segments.
Full-year 2026 revenue growth is projected to exceed 45% year-over-year, with Q4 2026 revenue guidance set at $430 million to $450 million and Non-GAAP operating margin guidance between 33.5% and 34.5%.
The company reported a $1.25 billion cash balance and a backlog exceeding $1.3 billion, citing robust demand from AI and high-performance computing architectures as key drivers for strong 2027 visibility.
Strategic developments include the August 2026 acquisition of a 27% ownership stake in Rigaku, which contributed a $40.8 million unrealized loss in Q3, alongside the integration of Semilab USA.