Nov 9, 4:08 PM ET
Onto Innovation reported fiscal third-quarter 2026 revenue of $409.7 million, up 87.8% from a year earlier, with GAAP net income of $46.8 million, or $0.95 diluted EPS, versus $0.57 a year earlier. The company also guided fourth-quarter 2026 revenue to $430 million to $450 million and non-GAAP diluted EPS to $2.59 to $2.79, while a $40.8 million unrealized loss on its Rigaku investment weighed on GAAP results.
- Q3 revenue of $409.7 million vs. $218.2 million in Q3 2025; non-GAAP diluted EPS of $2.44 vs. $0.92
- GAAP net income of $46.8 million includes a $40.8 million unrealized loss on the Rigaku investment
- Q4 2026 guidance: revenue of $430 million to $450 million; GAAP diluted EPS of $1.95 to $2.07
- Cash, equivalents and marketable securities of $1.25 billion at September 30, 2026; backlog above $1.3 billion
Read the filing on SEC.gov ↗
Aug 10, 8:16 AM ET
Onto Innovation closed its previously announced acquisition of a 27% minority equity stake in Rigaku Holdings Corporation from Atom Investment, L.P., an affiliate of The Carlyle Group, for approximately $720 million. The company will account for the stake under the fair value option and will not consolidate Rigaku's results, and it will nominate a director to Rigaku's board.
- Acquired 61,123,436 Rigaku shares, or 27% of issued and outstanding common stock, under an April 21, 2026 Share Purchase Agreement
- Aggregate purchase price of approximately $720 million, or 113,078,356,600 yen
- Onto will use fair value option accounting and will not consolidate Rigaku's financial results
- Closing completed August 10, 2026 (Tokyo time)
Read the filing on SEC.gov ↗
Aug 6, 4:09 PM ET
Onto Innovation reported second-quarter 2026 revenue of $343.1 million, up 35.3% from a year earlier, with GAAP diluted EPS of $1.21 versus $0.69 and non-GAAP diluted EPS of $1.93 versus $1.25. The company guided third-quarter 2026 revenue to $380 million to $400 million and non-GAAP diluted EPS to $2.18 to $2.38, both above the second-quarter levels, and said its backlog exceeded $1 billion for the first time.
- Q2 2026 revenue of $343.1 million, up 35.3% from $253.6 million in Q2 2025; GAAP net income $60.1 million
- Diluted EPS of $1.21 GAAP and $1.93 non-GAAP, versus $0.69 and $1.25 in Q2 2025
- Q3 2026 outlook: revenue of $380 million to $400 million; GAAP diluted EPS of $1.54 to $1.70
- Backlog exceeded $1 billion for the first time; cash and short-term investments were $1.88 billion at June 30, 2026
Read the filing on SEC.gov ↗
May 21, 4:38 PM ET
Onto Innovation issued $1.5 billion of 0.00% convertible senior notes maturing June 1, 2031, including a $200 million option that the initial purchasers exercised in full. The initial conversion price is about $381.80 per share, a premium of about 50% to the $254.53 share price on May 18, 2026, so conversion could dilute shareholders, and the company used part of the proceeds for a concurrent share repurchase and capped call transactions.
- Issued $1.5 billion aggregate principal on May 21, 2026, including $200 million from the option exercised May 19, 2026
- Notes carry no regular interest and mature June 1, 2031; initial conversion price is about $381.80 per share
- About $205 million of proceeds is earmarked to repurchase about 0.8 million shares at $254.53 per share, with about $77.1 million used for capped calls
Read the filing on SEC.gov ↗
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