Onto Innovation Inc. (ONTO) Earnings Call Transcripts

Onto Innovation Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Onto Innovation Inc. reported revenue of $292 million, exceeding guidance and reflecting a nearly 10% sequential increase. Earnings per share (EPS) improved to $1.42, a 13% increase from the previous quarter. Management raised revenue guidance for the second quarter to a range of $320 million to $330 million, signaling strong demand driven by advanced packaging and AI compute technologies, with expectations for over 30% revenue growth for the full fiscal year.

Reported metrics

Guidance from management

Management expects Q2 revenue to be between $320 million and $330 million, with full-year revenue projected to exceed $1.3 billion, reflecting strong demand across advanced packaging and nodes.

What management said

Broadly speaking, we are seeing pull-ins, but not at the expense of the 2027 numbers. So it's really more of a broader rising of the tide. The pull-ins if you look at '26 and '27, a lot of these expansions are tied to new fabs coming online versus filling up excess capacity or excess -- yes, capacity in existing fabs. So the pull-ins are if the customers are able to ramp up a fab quickly enough and they want to take ...

There are significant contributors to growth. So the G3 demand is still going up. The G5 is ramping every quarter. It's grown very dramatically. So it's starting from 0. Q1 is going to be a handful of tools Q2, Q3 has continued to nearly double each quarter throughout the year. So it's growing quite a bit. I think overall, yes, you're looking at over 50% growth in advanced packaging. And if I think about 2.5D Logic o...

What analysts pressed on

Analysts raised concerns about potential supply chain bottlenecks and the impact of rising material costs on margins. There were questions regarding the timing of revenue recognition from the Rigaku partnership and how it would affect overall financial performance.

Main topics on the call

• Revenue Growth Acceleration — Onto Innovation's revenue for Q1 2026 was $292 million, exceeding expectations due to strong demand in advanced nodes and packaging. Management stated, "we expect revenue growth of more than 30% in 2026," indicating robu...
• Strategic Partnership with Rigaku — The company announced a strategic partnership with Rigaku, acquiring a 27% stake for approximately $710 million. This partnership is expected to enhance revenue through licensing and new hybrid metrology solutions, with ...
• Advanced Packaging Growth — Management expects advanced packaging revenue to grow over 50% in 2026, driven by the successful qualification of the Dragonfly G5 system. They highlighted that "shipments to customers are ahead of plan," indicating stro...
• Advanced Nodes Performance — The advanced nodes business is projected to grow approximately 25% in 2026, outperforming the average WFE growth. Management stated, "adoption of our Atlas G6 platform is expanding," reflecting strong customer traction.

Read the full Onto Innovation Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 Onto Innovation Inc. earnings call transcripts on record, spanning February 6, 2020 to August 6, 2026. Based on this history, Onto Innovation Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ONTO

Exchange

NYSE

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

33

First call

February 6, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly