ONTO Q2 FY2026 earnings: EPS beat by 14.2%, revenue beat by 5.5%
Onto Innovation reported Q2 FY2026. EPS came in at $1.93 against a $1.69 consensus, beat by 14.2%. Revenue was $343.1M versus $325.3M expected, beat by 5.5%. Gross margin was 53.4%, up 330 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $1.93 | $1.69 | beat by 14.2% |
| Revenue | $343.1M | $325.3M | beat by 5.5% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $343.1M | +17.5% | +35.3% |
| Gross profit | $183.3M | +25.2% | +50.1% |
| Operating income | $63.5M | +64.1% | +97.1% |
| Net income | $60.1M | +78.1% | +77.2% |
| Diluted EPS | $1.21 | +80.6% | +75.4% |
| Gross margin: 53.4%. |
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The trend
Revenue is up 35.3% from the same quarter last year. Gross margin sits at 53.4%, 70 bps off its 8-quarter high.
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How it stacks up
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