Onto Innovation — Q3 2026 Earnings Summary

Onto Innovation reported record third-quarter 2026 revenue of $410 million, representing an 88% year-over-year increase and exceeding the high end of its non-GAAP guidance. The company achieved a non-GAAP gross margin of 57.6% and non-GAAP diluted earnings per share of $2.44, driven by strong adoption of its Atlas G6, Dragonfly G5, and Firefly inspection systems. Onto Innovation's backlog grew to over $1.3 billion, and the company announced a 27% ownership stake in Rigaku acquired in August. Looking ahead to the fourth quarter of 2026, the company forecasts revenue between $430 million and $450 million with non-GAAP operating margins ranging from 33.5% to 34.5%.