ONTO INNOVATION INC.

For the period ended Jun 30, 2026. Filed Aug 6, 2026.

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 30, 2026 · Filed Aug 6, 2026

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

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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 30, 2026 and June 28, 2025	1
	Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2026 and June 28, 2025	2
	Condensed Consolidated Balance Sheets at June 30, 2026 and January 3, 2026	3
	Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and June 28, 2025	4
	Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2026 and June 28, 2025	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	29
Item 1A.	Risk Factors	29
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	31
Item 3.	Defaults Upon Senior Securities	32
Item 4.	Mine Safety Disclosures	32
Item 5.	Other Information	32
Item 6.	Exhibits	34

Signatures

PART I FINANCIAL INFORMATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

	Three Months Ended		Six Months Ended
	June 30,	June 28,	June 30,	June 28,
	2026	2025	2026	2025
Revenue	$343,129	$253,597	$635,078	$520,204
Cost of revenue	159,875	131,475	305,435	254,849
Gross profit	183,254	122,122	329,643	265,355
Operating expenses:
Research and development	38,879	35,292	73,977	63,322
Sales and marketing	23,105	14,910	44,564	34,626
General and administrative	34,260	25,003	65,669	47,788
Amortization	19,699	8,446	39,399	16,891
Restructuring and other	3,761	6,224	8,970	7,347
Total operating expenses	119,704	89,875	232,579	169,974
Operating income	63,550	32,247	97,064	95,381
Other income, net
Interest income, net	5,245	8,631	10,347	17,897
Foreign currency exchange losses	(139)	(1,149)	(600)	(1,911)
Other (expense) income, net	(160)	12	(263)	31
Total other income, net	4,946	7,494	9,484	16,017
Income before provision for income taxes	68,496	39,741	106,548	111,398
Provision for income taxes	8,394	5,830	12,696	13,392
Net income	$60,102	$33,911	$93,852	$98,006
Earnings per share:
Basic	$1.22	$0.69	$1.89	$2.00
Diluted	$1.21	$0.69	$1.88	$1.99
Weighted average number of shares outstanding:
Basic	49,412	48,925	49,575	49,053
Diluted	49,682	49,016	49,841	49,213

CONDENSED CONSOLIDATED STATEM ENTS OF COMPREHENSIVE INCOME

	Three Months Ended		Six Months Ended
	June 30,	June 28,	June 30,	June 28,
	2026	2025	2026	2025
Net income	$60,102	$33,911	$93,852	$98,006
Other comprehensive (loss) income, net of tax:
Change in net unrealized (losses) gains on available-for-sale marketable securities	(342)	(106)	(1,001)	232
Change in currency translation adjustments	(167)	6,868	(2,027)	8,881
Total other comprehensive (loss) income, net of tax	(509)	6,762	(3,028)	9,113
Total comprehensive income	$59,593	$40,673	$90,824	$107,119

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