Q1 26 EPS
$1.42
BEAT +0.28%
Est. $1.42
Q1 26 Revenue
$291.9M
MISS 0.02%
Est. $292.0M
vs S&P Since Q1 26
-9.2%
TRAILING MARKET
ONTO -8.8% vs S&P +0.4%
Market Reaction
Did ONTO Beat Earnings? Q1 2026 Results
Onto Innovation delivered a largely in-line first quarter for fiscal 2026, posting non-GAAP diluted EPS of $1.42 against a consensus estimate of $1.42, a narrow beat of 0.28%, while revenue of $291.95 million came in fractionally below the $292.00 mi… Read more Onto Innovation delivered a largely in-line first quarter for fiscal 2026, posting non-GAAP diluted EPS of $1.42 against a consensus estimate of $1.42, a narrow beat of 0.28%, while revenue of $291.95 million came in fractionally below the $292.00 million estimate, missing by just 0.02% yet still representing 9.5% growth year-over-year. The company characterized the period as a record revenue quarter driven by nearly 10% sequential growth, with the advanced nodes business emerging as the clearest engine of momentum; qualification of the Dragonfly G5 inspection system at both a 2.5D logic customer and a high-bandwidth memory customer, combined with a second logic win for the Atlas G6 metrology system in gate-all-around applications, fueled 13% quarterly growth in that segment. The heavier GAAP cost structure, including $19.70 million in intangible amortization and $10.19 million in restructuring charges, compressed GAAP EPS to $0.67 from $1.30 a year ago, though some analysts noted the underlying earnings power looks better than statutory figures suggest. Management guided Q2 revenue of $320 million to $330 million and non-GAAP EPS of $1.65 to $1.73, signaling continued expansion ahead.
Key Takeaways
- • Nearly 10% sequential revenue growth from Q4 2025
- • 13% growth in advanced nodes business for the quarter
- • Accelerating adoption of Atlas G6 OCD system for next-generation logic and memory devices
- • Ramp of extended factories closer to customers in Asia
ONTO Forward Guidance & Outlook
For Q2 2026 (ending June 30, 2026), Onto Innovation expects revenue of $320 million to $330 million, gross margin of 56% to 56.5%, GAAP operating margin of 17.8% to 18.7%, non-GAAP operating margin of 28% to 28.6%, GAAP diluted EPS of $1.09 to $1.18, and non-GAAP diluted EPS of $1.65 to $1.73. The advanced nodes business is positioned for approximately 25% growth for the full year.
ONTO YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“We are pleased to see the positive customer response to several key initiatives, including the success of our new Dragonfly® G5 inspection system, the accelerating adoption of our Atlas® G6 OCD system for next-generation logic and memory devices, and the ramp of our extended factories that are closer to our customers in Asia. Collectively, these achievements enable us to provide increased value to customers while supporting their aggressive ramp plans.”
— Mike Plisinski, Q1 2026 Earnings Press Release
ONTO Earnings Trends
ONTO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ONTO EPS Trend
Earnings per share: estimate vs actual
ONTO Revenue Trend
Quarterly revenue: estimate vs actual
ONTO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.42 | $1.42 | +0.28% | $291.9M | -0.02% |
| Q4 25 MISS FY | $1.26 | $1.26 | -0.23% | $266.9M | -0.17% |
| FY Full Year | $4.94 | $4.94 | -0.03% | $1.01B | -0.02% |
| Q3 25 BEAT | $0.90 | $0.92 | +2.51% | $218.2M | -1.06% |
| Q2 25 MISS | $1.28 | $1.25 | -2.15% | $253.6M | +1.14% |
| Q1 25 BEAT | $1.47 | $1.51 | +2.90% | $266.6M | +0.15% |