Onto Innovation stock reports 35.3 percent revenue growth in Q2

Published on 09/29/2026 at 21:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Onto Innovation stock enters the next quarter with Q3 revenue guidance of USD 380 million to USD 400 million. Its Q2 gross margin reached 53.0 percent.

ONT, US68383X1054, Illustration mit AI erstellt.

Onto Innovation (ISIN US68383X1054) reported second-quarter 2026 revenue of USD 343.1 million and GAAP gross margin of 53.0 percent. According to Onto Innovation, the figures cover the quarter ended June 30, 2026 and position the semiconductor process-control supplier for a higher third quarter.

Q3 guidance moves higher

Yahoo Finance reported on September 7, 2026 that Onto Innovation set Q3 revenue guidance at USD 380 million to USD 400 million and adjusted diluted EPS guidance at USD 2.18 to USD 2.38. The revenue range would represent a sequential increase from USD 343.1 million in Q2, making execution against the upper end the key operating test for the next report.

The same report said Q2 revenue increased from USD 253.6 million in Q2 2025, a year-over-year gain of 35.3 percent. Six-month 2026 revenue reached USD 635.1 million, up 22.1 percent from the prior-year period, while six-month net income fell to USD 93.9 million from USD 98.0 million.

AI demand meets execution risk

Onto Innovation links its growth opportunity to advanced packaging, inspection and metrology demand across semiconductor manufacturing. Weiss Ratings reported on September 21, 2026 that Q2 adjusted EPS was USD 1.93 against a USD 1.69 consensus estimate, a USD 0.24 beat, while non-GAAP gross margin expanded to 57.0 percent from 54.5 percent.

That combination gives the stock a measurable growth narrative, but the six-month net income comparison adds a counterweight. Revenue expansion has accelerated, while the bottom-line trend still requires close attention as the company scales its manufacturing and product investments.

Market value on September 29

Onto Innovation had a market capitalization of USD 15.0 billion on September 29, 2026. Its 52-week range was USD 118.97 to USD 386.46, placing the latest primary-market quote within a broad valuation frame for a semiconductor equipment company.