ONTO INNOVATION INC.

For the period ended Jun 28, 2025. Filed Aug 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 28, 2025 · Filed Aug 7, 2025

ONTO$173.28+11.1%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item No. · Page
PART I FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)	1
	Condensed Consolidated Statements of Operations for the three and six-months ended June 28, 2025 and June 29, 2024	1
	Condensed Consolidated Statements of Comprehensive Income for the three and six-months ended June 28, 2025 and June 29, 2024	2
	Condensed Consolidated Balance Sheets at June 28, 2025 and December 28, 2024	3
	Condensed Consolidated Statements of Cash Flows for the six-months ended June 28, 2025 and June 29, 2024	4
	Condensed Consolidated Statements of Stockholders’ Equity for the three and six-months ended June 28, 2025 and June 29, 2024	5
	Notes to Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	20
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	27
Item 4.	Controls and Procedures	27
PART II OTHER INFORMATION
Item 1.	Legal Proceedings	27
Item 1A.	Risk Factors	27
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	28
Item 3.	Defaults Upon Senior Securities	29
Item 4.	Mine Safety Disclosures	29
Item 5.	Other Information	29
Item 6.	Exhibits	30

Signatures

PART I FINANCIAL INFORMATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

	Three Months Ended		Six Months Ended
	June 28,	June 29,	June 28,	June 29,
	2025	2024	2025	2024
Revenue	$253,597	$242,327	$520,204	$471,172
Cost of revenue	131,475	114,091	254,849	224,651
Gross profit	122,122	128,236	265,355	246,521
Operating expenses:
Research and development	35,292	27,044	63,322	53,599
Sales and marketing	14,910	18,921	34,626	37,184
General and administrative	25,003	19,705	47,788	37,065
Amortization	8,446	13,112	16,891	26,224
Restructuring and other	6,224	621	7,347	879
Total operating expenses	89,875	79,403	169,974	154,951
Operating income	32,247	48,833	95,381	91,570
Interest income, net	8,631	8,496	17,897	15,857
Other (expense) income, net	(1,137)	(60)	(1,880)	734
Income before provision for income taxes	39,741	57,269	111,398	108,161
Provision for income taxes	5,830	4,320	13,392	8,359
Net income	$33,911	$52,949	$98,006	$99,802
Earnings per share:
Basic	$0.69	$1.07	$2.00	$2.02
Diluted	$0.69	$1.07	$1.99	$2.01
Weighted average number of shares outstanding:
Basic	48,925	49,342	49,053	49,286
Diluted	49,016	49,674	49,213	49,656

CONDENSED CONSOLIDATED STATEM ENTS OF COMPREHENSIVE INCOME

	Three Months Ended		Six Months Ended
	June 28,	June 29,	June 28,	June 29,
	2025	2024	2025	2024
Net income	$33,911	$52,949	$98,006	$99,802
Other comprehensive income (loss), net of tax:
Change in net unrealized gains (losses) on available-for-sale marketable securities	(106)	(201)	232	(858)
Change in currency translation adjustments	6,868	(1,996)	8,881	(4,589)
Total other comprehensive income (loss), net of tax	6,762	(2,197)	9,113	(5,447)
Total comprehensive income	$40,673	$50,752	$107,119	$94,355

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.

About this filing

Table of Contents