Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

ONTO earnings analysis

Filed May 5, 2026 · Our reading of the company's report

The latest report

Onto Innovation reported Q1 2026 results with revenues of $291.9 million, up 9.5% year-over-year but falling short of estimates of $291.4 million. EPS came in at $0.67, significantly higher than the previous year's…

Read full summary

Onto Innovation reported Q1 2026 results with revenues of $291.9 million, up 9.5% year-over-year but falling short of estimates of $291.4 million. EPS came in at $0.67, significantly higher than the previous year's $0.21, but below estimates of $1.41. The company showed growth from its acquisition of Semilab USA, contributing $16.8 million to revenue and higher sales from advanced packaging customers.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.67
Gross margin
50.1%

What stood out

  • Revenue Surge from Acquisitions

    Q1 revenue increased 9.5% YoY to $291.9 million, boosted by Semilab USA contributing $16.8 million.

  • Strong EPS Growth

    EPS rose to $0.67 from $0.21 YoY, reflecting improving profitability despite missing estimates.

  • Improved Gross Margin

    Gross profit margin improved to 50.1%, up from 46.4% YoY, driven by operational efficiencies.

  • Operational Cash Flow

    Operating cash flow for the quarter was positive at $26.3 million, though down from $91.9 million YoY.

  • Increased Cash Reserves

    Cash and cash equivalents increased to $252.2 million from $346.1 million at start of the quarter.

  • Acquisition of Rigaku Planned

    Agreement to acquire 27% of Rigaku Holdings for approximately $710 million, expected to close in H2 2026.

What to watch

  • Dependence on Semiconductor Market

    Risks include volatility in semiconductor capital equipment spending, impacting future revenue.

  • Integration Challenges

    Compliance and integration risks associated with the acquisition of Semilab USA could disrupt operations.

  • Ongoing Market and Geopolitical Risks

    Potential impacts from the escalating geopolitical tensions affecting operational stability and supply chains.

Management's outlook

Guidance reflects expected growth due to new product demand and market recovery.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.