Earnings summaries and quarterly performance for ONTO INNOVATION.
Executive leadership at ONTO INNOVATION.
Board of directors at ONTO INNOVATION.
Research analysts who have asked questions during ONTO INNOVATION earnings calls.
BC
Brian Chin
Stifel Financial Corp.
6 questions for ONTO
Also covers: AEIS, AMAT, CAMT +8 more
EY
Edward Yang
Oppenheimer & Co. Inc.
6 questions for ONTO
Also covers: CAMT, ENTG, ICHR +4 more
Charles Shi
Needham & Company
5 questions for ONTO
Also covers: ACLS, ACMR, ALTR +18 more
Craig Ellis
B. Riley Securities
5 questions for ONTO
Also covers: ACLS, AKTS, AMKR +17 more
BC
Blayne Curtis
Jefferies Financial Group
4 questions for ONTO
Also covers: ADI, AIP, ALAB +20 more
DD
David Duley
Steelhead Securities LLC
4 questions for ONTO
Also covers: ACLS, AEIS, COHU +5 more
Matthew Prisco
Cantor Fitzgerald
3 questions for ONTO
Also covers: CAMT, FORM, MCHP +3 more
VS
Vedvati Shrotre
Evercore ISI
3 questions for ONTO
Also covers: CAMT, FORM, NVMI +1 more
DD
David Dooley
Steelhead Securities
2 questions for ONTO
Also covers: COHU
Mark Miller
The Benchmark Company LLC
2 questions for ONTO
Also covers: ACLS, ACMR, AEIS +11 more
MP
Meyer Popuri
B. Riley Securities, Inc.
1 question for ONTO
Recent press releases and 8-K filings for ONTO.
Onto Innovation Reports Record Q4 and Full-Year 2025 Results, Provides Strong 2026 Outlook
ONTO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Onto Innovation achieved record revenue of $267 million in Q4 2025 and $1,005 million for the full year 2025. In Q4 2025, gross margin improved to 54.6% and operating margin to 25.2%, while generating a record $95 million in cash.
- The company provided strong guidance for Q1 2026, expecting revenue between $275 million and $285 million and adjusted diluted EPS between $1.26 and $1.36. Revenue for Q2 2026 is anticipated to exceed $300 million.
- Growth was significantly driven by advanced packaging and advanced nodes, with advanced packaging revenue growing over 25% sequentially in Q4 2025 and projected to grow over 30% in 2026. Advanced nodes revenue more than doubled in 2025 to $308 million.
- Onto Innovation secured a volume purchase agreement valued at over $240 million from an HBM customer for Dragonfly 2D and 3D bump metrology through 2027. The company's backlog has also nearly doubled over the last three months to a record level of approximately two quarters.
- The acquisition of Semilab, which closed in mid-November, contributed approximately $9 million in revenue in Q4 2025.
Feb 19, 2026, 9:30 PM
Onto Innovation Reports Record Q4 2025 Revenue and Strong 2026 Outlook
ONTO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Onto Innovation reported record Q4 2025 revenue of $267 million, a 22% increase from Q3, contributing to a full-year 2025 record revenue of $1,005 million. The company also generated a record $95 million in cash during the quarter.
- For Q1 2026, the company expects revenue between $275 million and $285 million and adjusted diluted earnings per share (EPS) in the range of $1.26 to $1.36.
- The company announced a volume purchase agreement (VPA) valued at over $240 million through 2027 with an HBM customer for Dragonfly® 2D and 3D bump metrology.
- Management anticipates advanced packaging revenue to grow over 30% in 2026, with advanced nodes revenue expected to grow in the 10%-20% range.
- Q2 2026 revenue is projected to exceed $300 million, and the company expects higher revenue in the second half of 2026 compared to the first half, supported by a backlog that has nearly doubled over the last three months.
Feb 19, 2026, 9:30 PM
Onto Innovation Reports Record Q4 and Full-Year 2025 Results, Provides Strong 2026 Outlook
ONTO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- ONTO Innovation reported record Q4 2025 revenue of $267 million, with gross margin at 54.6%, operating margin at 25.2%, and adjusted diluted EPS of $1.26. For the full year 2025, the company achieved record revenue of $1,005 million.
- The company provided strong Q1 2026 revenue guidance of $275 million-$285 million and expects Q2 2026 revenue to exceed $300 million.
- A volume purchase agreement valued at over $240 million was announced with an HBM customer for Dragonfly 2D and 3D bump metrology through 2027, contributing to a backlog that has nearly doubled to approximately 2 quarters.
- Management anticipates advanced packaging revenue to grow over 30% in 2026, with advanced nodes expected to grow in the mid-teens range.
Feb 19, 2026, 9:30 PM
Onto Innovation Reports Q4 and Full Year 2025 Results, Provides Q1 2026 Outlook
ONTO
Earnings
Guidance Update
M&A
- Onto Innovation Inc. reported record quarterly revenue of $267 million for the fourth quarter of 2025 and full year revenue of $1.005 billion for 2025.
- For Q4 2025, the company reported GAAP diluted earnings per share of $0.21 and non-GAAP diluted earnings per share of $1.26. For the full year 2025, GAAP diluted earnings per share were $2.78 and non-GAAP diluted earnings per share were $4.94.
- The company completed the acquisition of key product lines from the materials analysis business of Semilab International and closed a new volume purchase agreement estimated at over $240 million with a leading high bandwidth memory (HBM) manufacturer for Dragonfly® 2D inspection and 3D bump metrology.
- For the first fiscal quarter ending March 31, 2026, Onto Innovation expects revenue between $275 million and $285 million, with GAAP diluted earnings per share ranging from $0.74 to $0.84 and non-GAAP diluted earnings per share from $1.26 to $1.36.
Feb 19, 2026, 9:11 PM
Onto Innovation Reports Record Fourth Quarter and Full Year 2025 Results
ONTO
Earnings
Guidance Update
M&A
- Onto Innovation reported record quarterly revenue of $267 million for the fourth quarter of 2025 and record full year revenue of $1.005 billion for 2025.
- For the fourth quarter ended January 3, 2026, the company's GAAP diluted earnings per share was $0.21, and non-GAAP diluted earnings per share was $1.26.
- Key business highlights include the completion of the acquisition of product lines from Semilab International and a new volume purchase agreement estimated at over $240 million with a leading high bandwidth memory manufacturer for Dragonfly® systems.
- For the first fiscal quarter ending March 31, 2026, Onto Innovation expects revenue between $275 million and $285 million, and non-GAAP diluted earnings per share between $1.26 and $1.36.
Feb 19, 2026, 9:05 PM
Onto Innovation Provides Positive 2026 Outlook and Margin Improvement Targets
ONTO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Onto Innovation projects its 2026 first-half revenue to be at least 10% stronger than the second half of 2025, with 61% of its 2025 revenue directly supporting the AI supply chain.
- The company anticipates at least a 30% improvement in operating margin (net income) for 2026, driven by shifting manufacturing to Asian partners (targeting 80% of production overseas by mid-2026), higher margins on new products, and the margin-accretive SDI acquisition.
- Traction for new products includes the Dragonfly G5 platform, which has secured a purchase order from a fourth customer, and the charge metrology capability from the SDI acquisition, targeting chiplet architectures and power semiconductors.
- HBM demand growth is expected to lead to a strong year in 2026, while the front-end memory business (DRAM/NAND) is projected to pick up in the mid to second half of 2026.
- ONTO's China strategy involves leveraging Asian factories to de-risk operations and utilizing the SDI acquisition's strong position and unique surface charge metrology to expand its market presence.
Jan 13, 2026, 4:45 PM
Onto Innovation Provides Positive 2026 Outlook and Margin Improvement Details
ONTO
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Onto Innovation (ONTO) expects its 2026 first-half revenue to be at least 10% stronger than the second half of 2025, an improvement from prior single-digit growth expectations, driven by its direct tie to the AI supply chain, which accounted for 61% of its 2025 revenue.
- The company anticipates at least a 30% improvement in operating margin and net income for 2026, primarily due to shifting manufacturing to Asian partners (targeting 80% of production overseas by mid-2026), higher margins on new products, and the margin-accretive Semilab (SDI) acquisition.
- ONTO's new Dragonfly G5 platform has received a purchase order from a fourth customer and expects to ship several other systems this quarter, with qualifications for the platform expected to conclude by mid-2026.
- The company sees growth opportunities in panel-level packaging, with funded expansions expected in the next 12-24 months, and anticipates meaningful HBM expansion in 2026, with the DRAM front-end business picking up in the second half of 2026.
Jan 13, 2026, 4:45 PM
Onto Innovation Provides 2026 Outlook and Growth Drivers at Needham Conference
ONTO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Onto Innovation projects its 2026 first-half revenue to be at least 10% stronger than the second half of 2025, an improvement from prior single-digit expectations, primarily driven by advanced nodes and AI packaging.
- The company expects at least a 30% improvement in operating margin and net income for 2026, attributed to manufacturing shifts to Asian factories, higher margins on new products, and benefits from the SDI acquisition.
- New opportunities in critical films, 3DI metrology, and charge metrology (from the SDI acquisition) are expected to add $1 billion in potential revenue. The new Dragonfly G5 platform is seeing significant traction, with a fourth customer purchase order expected this quarter and co-packaged optics (CPO) qualifications anticipated by mid-2026 or sooner.
- Onto Innovation is enhancing its China strategy by moving manufacturing to Asian factories and leveraging the SDI acquisition's strong market position and unique surface charge metrology to increase engagement with Chinese customers.
Jan 13, 2026, 4:45 PM
ONTO Innovation provides positive 2026 outlook and highlights AI growth
ONTO
Guidance Update
Product Launch
Revenue Acceleration/Inflection
- ONTO Innovation anticipates an improved revenue outlook for 2026, driven by strong alignment to AI, with AI revenue increasing to 61% in 2025 from approximately 16% in 2023.
- The company projects operating income greater than 30% in 2026, with tariff mitigation expected to improve gross margin by 100 basis points in 1H 2026.
- New products, including the Next Generation Dragonfly, are expected to increase value and boost margins, with the Semiconductor Diagnostic Product Lines (Semilab US) projected to contribute $120 million in revenue and accretive margin for 2026.
- The Next Generation Dragonfly, offering greater sensitivity and faster throughput, has already shipped to three customers, with a purchase order from a fourth and several additional systems expected to ship in Q1.
Jan 12, 2026, 11:00 PM
Onto Innovation Completes Semilab USA Acquisition
ONTO
M&A
Guidance Update
New Projects/Investments
- Onto Innovation Inc. completed the acquisition of Semilab USA LLC and key product lines for an adjusted purchase price of $432 million in cash plus 641,771 shares of common stock.
- The acquisition is expected to immediately boost gross and operating margins, increase non-GAAP earnings per share by over 10% in the first year, and contribute $8 to $10 million to fourth-quarter 2025 revenue, raising its revenue guidance to $258 million–$275 million.
- The acquired products are projected to generate approximately $120 million in revenue by 2026.
- This deal enhances Onto's semiconductor materials analysis capabilities, strengthening its position in high-growth segments such as advanced logic, AI-enabled packaging, and power semiconductors.
Nov 17, 2025, 1:29 PM
Quarterly earnings call transcripts for ONTO INNOVATION.
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