ONTO INNOVATION INC.

For the period ended Sep 30, 2026. Filed Nov 9, 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.

Sep 30, 2026 · Filed Nov 9, 2026

ONTO$194.04+12.0%Stored close · as of Nov 9, 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 30, 2026 and September 27, 2025	1
	Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2026 and September 27, 2025	2
	Condensed Consolidated Balance Sheets at September 30, 2026 and January 3, 2026	3
	Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2026 and September 27, 2025	4
	Condensed Consolidated Statements of Stockholders’ Equity for the three and nine months ended September 30, 2026 and September 27, 2025	5
	Notes to Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	23
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	30
Item 4.	Controls and Procedures	30
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	31
Item 3.	Defaults Upon Senior Securities	31
Item 4.	Mine Safety Disclosures	31
Item 5.	Other Information	31
Item 6.	Exhibits	32

Signatures

PART I FINANCIAL INFORMATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

	Three Months Ended		Nine Months Ended
	September 30,	September 27,	September 30,	September 27,
	2026	2025	2026	2025
Revenue	$409,748	$218,193	$1,044,826	$738,397
Cost of revenue	185,266	107,570	490,701	362,419
Gross profit	224,482	110,623	554,125	375,978
Operating expenses:
Research and development	45,068	32,493	119,045	95,815
Sales and marketing	23,858	17,103	68,422	51,729
General and administrative	39,231	24,820	104,900	72,608
Amortization	19,699	8,445	59,098	25,336
Restructuring and other	1,177	4,074	10,147	11,421
Total operating expenses	129,033	86,935	361,612	256,909
Operating income	95,449	23,688	192,513	119,069
Other income, net
Unrealized gain (loss) on investment in Rigaku	(40,841)	—	(40,841)	—
Interest income, net	11,671	9,290	22,018	27,187
Foreign currency exchange losses	(1,352)	(397)	(1,952)	(2,308)
Other (expense) income, net	60	(602)	(203)	(571)
Total other income, net	(30,462)	8,291	(20,978)	24,308
Income before provision for income taxes	64,987	31,979	171,535	143,377
Provision for income taxes	18,141	3,755	30,837	17,147
Net income	$46,846	$28,224	$140,698	$126,230
Earnings per share:
Basic	$0.96	$0.58	$2.85	$2.57
Diluted	$0.95	$0.57	$2.83	$2.57
Weighted average number of shares outstanding:
Basic	49,048	49,023	49,410	49,044
Diluted	49,256	49,106	49,657	49,178

CONDENSED CONSOLIDATED STATEM ENTS OF COMPREHENSIVE INCOME

	Three Months Ended		Nine Months Ended
	September 30,	September 27,	September 30,	September 27,
	2026	2025	2026	2025
Net income	$46,846	$28,224	$140,698	$126,230
Other comprehensive (loss) income, net of tax:
Change in net unrealized (losses) gains on available-for-sale marketable securities	(1,035)	191	(2,036)	423
Change in currency translation adjustments	3,565	(1,864)	1,538	7,017
Total other comprehensive (loss) income, net of tax	2,530	(1,673)	(498)	7,440
Total comprehensive income	$49,376	$26,551	$140,200	$133,670

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