Onto Innovation Inc. announced plans to release its financial results for the third quarter of fiscal year 2026 on Monday, November 9, 2026. The earnings report will be issued shortly after the market closes.

Conference Call Details

The company will host a conference call and audio webcast to discuss the quarterly performance. Michael P. Plisinski, Chief Executive Officer, and Brian Roberts, Chief Financial Officer, will lead the discussion. The call is scheduled for 4:30 pm (ET) on the same day as the release.

Participants can join via telephone or online webcast:

Attendees are advised to dial in at least five minutes prior to the start time. For the live webcast, users should register and install necessary software at least 15 minutes early.

Replay Availability

A replay of the conference call will be accessible on the company’s website for one year following the event. The replay provides continued access to management commentary and financial insights for investors who cannot attend the live session.

Onto Innovation Inc reported record second-quarter revenue of $343 million, marking a 35% increase year-over-year and an 18% rise sequentially. The semiconductor inspection and metrology provider exceeded the high end of its guidance for revenue, gross margin, operating margin, and earnings per share.

The performance was driven by a 50% quarter-over-quarter surge in advanced nodes and a 30% rise in the inspection business, fueled by strong demand for Dragonfly systems in high-bandwidth memory (HBM) and 2.5D logic applications. Management raised the second-half revenue growth outlook to more than 25% over the first half, up from the previous expectation of 15%, citing increased customer visibility and a backlog surpassing $1.1 billion.

Financial Highlights

The company achieved a gross margin of 57%, expanding by 250 basis points from Q4 2025 and 130 basis points from Q1. Operating margin reached 30%, an increase of nearly 500 basis points from the beginning of the year. Earnings per share stood at $1.93, reflecting a $0.20 beat against the high end of prior guidance.

Segment Performance and Outlook

Advanced nodes revenue grew to approximately $120 million, with memory comprising about 60% of that segment and growing 60% sequentially. Logic advanced nodes grew more than 40% quarter-over-quarter. The company expects advanced packaging growth to reach approximately 80% for the full year, significantly higher than the 50% projected last quarter.

Key drivers include:

• Dragonfly G5 Demand: Orders totaling over $200 million from a single OSAT partner, with majority delivery in 2027.
• Silicon Photonics: Over $50 million in orders received, with the addressable market estimated to exceed $500 million by 2030.
• Panel-Level Packaging: Revenue expected to more than double year-over-year.

For Q3, Onto Innovation guided revenue between $380 million and $400 million, with operating margins expected to expand to 32%. Q4 revenue is anticipated to be higher than Q3, with operating margins reaching 33% or higher by year-end.

What the Numbers Show

A distinct divergence exists between the rapid acceleration in backlog and the timing of revenue recognition. While the backlog has doubled to over $1.1 billion, management noted that only 60-70% of this is tied to current-year shipments, with 30-40% extending into 2027. This indicates that the current revenue surge is partially supported by previously secured orders, while the massive order inflow signals robust confidence in future capacity needs rather than immediate cash conversion alone. Additionally, the shift to extended factories in Asia appears to be a primary lever for margin expansion, contributing to the 250 bps gross margin gain without corresponding capital expenditure increases.