Onto Innovation Q2 revenue rises 35% to record $343.1 million; Q3 outlook higher
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.