ONTO INNOVATION INC.

For the period ended Sep 27, 2025. Filed Nov 6, 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.

Sep 27, 2025 · Filed Nov 6, 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 nine-months ended September 27, 2025 and September 28, 2024	1
	Condensed Consolidated Statements of Comprehensive Income for the three and nine-months ended September 27, 2025 and September 28, 2024	2
	Condensed Consolidated Balance Sheets at September 27, 2025 and December 28, 2024	3
	Condensed Consolidated Statements of Cash Flows for the nine-months ended September 27, 2025 and September 28, 2024	4
	Condensed Consolidated Statements of Stockholders’ Equity for the three and nine-months ended September 27, 2025 and September 28, 2024	5
	Notes to Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	22
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	29
Item 4.	Controls and Procedures	29
PART II OTHER INFORMATION
Item 1.	Legal Proceedings	30
Item 1A.	Risk Factors	30
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	30
Item 3.	Defaults Upon Senior Securities	30
Item 4.	Mine Safety Disclosures	30
Item 5.	Other Information	31
Item 6.	Exhibits	31

Signatures

PART I FINANCIAL INFORMATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

	Three Months Ended		Nine Months Ended
	September 27,	September 28,	September 27,	September 28,
	2025	2024	2025	2024
Revenue	$218,193	$252,210	$738,397	$723,382
Cost of revenue	107,570	115,831	362,419	340,482
Gross profit	110,623	136,379	375,978	382,900
Operating expenses:
Research and development	32,493	28,277	95,815	81,876
Sales and marketing	17,103	19,451	51,729	56,635
General and administrative	24,820	20,298	72,608	57,363
Amortization	8,445	13,114	25,336	39,338
Restructuring and other	4,074	2,167	11,421	3,046
Total operating expenses	86,935	83,307	256,909	238,258
Operating income	23,688	53,072	119,069	144,642
Interest income, net	9,290	8,667	27,187	24,524
Other (expense) income, net	(999)	(724)	(2,879)	10
Income before provision for income taxes	31,979	61,015	143,377	169,176
Provision for income taxes	3,755	7,964	17,147	16,323
Net income	$28,224	$53,051	$126,230	$152,853
Earnings per share:
Basic	$0.58	$1.07	$2.57	$3.10
Diluted	$0.57	$1.07	$2.57	$3.08
Weighted average number of shares outstanding:
Basic	49,023	49,426	49,044	49,333
Diluted	49,106	49,694	49,178	49,669

CONDENSED CONSOLIDATED STATEM ENTS OF COMPREHENSIVE INCOME

	Three Months Ended		Nine Months Ended
	September 27,	September 28,	September 27,	September 28,
	2025	2024	2025	2024
Net income	$28,224	$53,051	$126,230	$152,853
Other comprehensive income (loss), net of tax:
Change in net unrealized gains on available-for-sale marketable securities	191	2,162	423	1,304
Change in currency translation adjustments	(1,864)	4,859	7,017	270
Total other comprehensive income (loss), net of tax	(1,673)	7,021	7,440	1,574
Total comprehensive income	$26,551	$60,072	$133,670	$154,427

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