Onto Innovation次季收入創新高 受惠AI需求強勁 訂單首破10億美元

EX-99.1
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EX-99.1

 
 EX-99.1
 
 
  

 
 
 
Onto Innovation Reports 2026 Second Quarter Results
 
 
Wilmington, Mass., August 6, 2026 – Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation,” “Onto,” or the “Company”) today announced financial results for the second quarter of 2026. 
 
Second Quarter Business and Financial Highlights:
•Record quarterly revenue of $343 million, up nearly 18% sequentially, with revenue, gross margin, operating margin and earnings per share all exceeding the high end of the previously announced non-GAAP guidance range.

•Advanced Nodes revenue grew 50% sequentially to a new quarterly record, driven by broad-based strengthening demand across logic and memory customers.

•Specialty Devices and Advanced Packaging revenue also reached an all-time high, supported by strong demand across advanced packaging, including 2.5D logic and high-bandwidth memory, as well as silicon photonics applications.

“Onto Innovation is positioned well across several key technology inflections driving next generation AI and high performance compute devices,” said Mike Plisinski, chief executive officer of Onto Innovation. “High end-market demand, supported by our team’s solid execution, resulted in record revenue in both advanced nodes and advanced packaging. Visibility continues to be strong with customers maintaining investments in their multi-year growth plans, resulting in a backlog exceeding $1 billion for the first time in company history. With this momentum, we expect a strong second half of 2026, reinforced by demand trends we believe will extend into 2027.”
Operating Results:
The results for the three and six months ended June 30, 2026, include non-GAAP financial measures, each of which is defined and reconciled to the most directly comparable GAAP measure later in the press release.
Three months ended June 30, 2026:
Revenue and Gross Margin:
•Revenue of $343.1 million, an increase of 35.3% year-over-year from $253.6 million in the second quarter of 2025.

 
•Gross margin of 53.4% as compared to gross margin of 48.2% in the second quarter of 2025. Non-GAAP gross margin of 57.0% as compared to 54.5% in the second quarter of 2025. 

Operating Income:
•Operating income of $63.6 million, or 18.5% of revenue, as compared to operating income of $32.2 million, or 12.7% of revenue, in the second quarter of 2025.

 
•Non-GAAP operating income of $102.8 million, or 30.0% of revenue, as compared to non-GAAP operating income of $65.6 million, or 25.9% of revenue, in the second quarter of 2025.

Net Income and Earnings per Share:
•Net income of $60.1 million, or diluted earnings per share of $1.21, as compared to net income of $33.9 million, or diluted earnings per share of $0.69, in the second quarter of 2025.

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•Non-GAAP net income of $96.0 million, or non-GAAP diluted earnings per share of $1.93, as compared to non-GAAP net income of $61.3 million, or non-GAAP diluted earnings per share of $1.25, in the second quarter of 2025.

 
Six months ended June 30, 2026:
Revenue and Gross Margin:
•Revenue of $635.1 million, an increase of 22.1% year-over-year from $520.2 million in the first six months of 2025.

 
•Gross margin of 51.9% as compared to gross margin of 51.0% in the first six months of 2025. Non-GAAP gross margin of 56.4% as compared to 54.8% in the first six months of 2025. 

Operating Income:
•Operating income of $97.1 million, or 15.3% of revenue, as compared to operating income of $95.4 million, or 18.3% of revenue, in the first six months of 2025.

 
•Non-GAAP operating income of $180.7 million, or 28.5% of revenue, as compared to non-GAAP operating income of $142.1 million, or 27.3% of revenue, in the first six months of 2025.

Net Income and Earnings Per Share:
•Net income of $93.9 million, or diluted earnings per share of $1.88, as compared to net income of $98.0 million, or diluted earnings per share of $1.99, in the first six months of 2025.

 
•Non-GAAP net income of $166.8 million, or non-GAAP diluted earnings per share of $3.35, as compared to non-GAAP net income of $136.1 million, or non-GAAP diluted earnings per share of $2.77, in the first six months of 2025.

 
Cash and Investments:
The Company generated cash from operations of approximately $62 million for the second quarter of 2026. The Company ended the second quarter with $1.88 billion of cash and short-term investments on hand.
Financial Outlook:
For the third quarter ending September 30, 2026, the Company expects the following: 
•Revenue of $380 million to $400 million

•Gross margin of 57.3% to 57.8%

•GAAP operating margin of 21.4% to 22.4% 

•Non-GAAP operating margin of 31.5% to 32.5%

•GAAP diluted earnings per share of $1.54 to $1.70

•Non-GAAP diluted earnings per share of $2.18 to $2.38

 
Webcast & Conference Call Details 
Onto Innovation will host a conference call at 4:30 p.m. Eastern Time today, August 6, 2026, to discuss its second quarter 2026 financial results and other matters in greater detail. To participate in the call, please dial 800-330-6710 or +1-646-769-9200 (international) and reference conference ID 1351162 at least five (5) minutes prior to the scheduled start time. A live webcast will also be available at www.ontoinnovation.com.

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To listen to the live webcast, please go to the website at least fifteen (15) minutes early to register, download and install any necessary audio software. There will be a replay of the conference call available for one year on the Company’s website at www.ontoinnovation.com.
Discussion of Non-GAAP Financial Measures 
In addition to information regarding the Company’s results as determined in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company has provided in this release non-GAAP financial measures, including non-GAAP gross margin, non-GAAP operating income, non-GAAP operating expenses, non-GAAP net income, non-GAAP diluted earnings per share and non-GAAP operating margin, which exclude amortization of intangibles, merger and acquisition-related expenses and benefits, litigation expenses and benefits and other restructuring costs. Non-GAAP gross margin, non-GAAP operating income, non-GAAP operating expenses, non-GAAP net income, non-GAAP diluted earnings per share and non-GAAP operating margin can also exclude certain other gains and losses that are either isolated or cannot be expected to occur again with any predictability or otherwise are not representative of our ongoing operations, tax provisions/benefits related to the previous items, and significant discrete tax events. We exclude the above items because they are outside of our normal operations and/or, in certain cases, are difficult to forecast accurately for future periods.
We utilize several different financial measures, both GAAP and non-GAAP, in analyzing and assessing the overall performance of our business, in making operating decisions, forecasting and planning for future periods, and determining payments under compensation programs. We consider the use of the non-GAAP measures to be helpful in assessing the performance of the ongoing operations of our business. We believe that disclosing non-GAAP financial measures provides useful supplemental data that, while not a substitute for financial measures prepared in accordance with GAAP, allows for greater transparency in the review of our financial and operational performance. We also believe that disclosing non-GAAP financial measures provides useful information to investors and others in understanding and evaluating our operating results and future prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies. More specifically, management adjusts for the excluded items for the following reasons:
Amortization of intangibles: we do not acquire businesses and assets on a predictable cycle. The amount of purchase price allocated to the purchased intangible assets and the term of amortization can vary significantly and are unique to each acquisition or purchase. We believe that excluding amortization of purchased intangible assets allows the users of our financial statements to better review and understand the historic and current results of our operations and also facilitates comparisons to peer companies.
Merger or acquisition related expenses and benefits: we incur expenses or benefits with respect to certain items associated with our mergers and acquisitions, such as transaction and integration costs, change in control payments, adjustments to the fair value of assets, etc. We exclude such expenses or benefits as they are related to acquisitions and have no direct correlation to the operation of our ongoing business.
Restructuring and other: we incur restructuring and impairment charges on individual or groups of employed assets, such as inventory or plant, property & equipment, which arise from unforeseen circumstances and/or often occur outside of the ordinary course of our ongoing business. Although these events are reflected in our GAAP financials, these transactions may limit the comparability of our ongoing operations with prior and future periods.
Litigation expenses and benefits: we may incur charges or benefits as well as legal costs in connection with litigation and other contingencies unrelated to our core operations. We exclude these charges or benefits, when significant, as well as legal costs associated with significant legal matters, because we do not believe they are reflective of ongoing business and operating results.
Income tax expense: we estimate the tax effect of the items identified to determine a non-GAAP annual effective tax rate applied to the pretax amount to calculate the non-GAAP provision for income taxes. We 

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 also adjust for items for which the nature and/or tax jurisdiction requires the application of a specific tax rate or treatment.
From time to time in the future, there may be other items excluded if we believe that doing so is consistent with the goal of providing useful information to investors and management.
There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact on our reported financial results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. Investors should review the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP financial measures as provided in the tables accompanying this press release.
Forward Looking Statements 
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”) which include, but are not limited to, statements regarding Onto Innovation’s business momentum and future growth; technology development, product introduction and acceptance of Onto Innovation’s products and services; Onto Innovation’s manufacturing practices and ability to deliver both products and services consistent with its customers’ demands and expectations and strengthen its market position; Onto Innovation’s expectations regarding the semiconductor market outlook, including customers’ potential expansion plans; Onto Innovation’s future quarterly financial outlook; as well as other matters that are not purely historical data. Onto Innovation wishes to take advantage of the “safe harbor” provided for by the Act and cautions that actual results may differ materially from those projected as a result of various factors, including risks and uncertainties, many of which are beyond Onto Innovation’s control. Such factors include, but are not limited to, the Company’s ability to leverage its resources to improve its position in its core markets; its ability to weather difficult economic environments; its ability to open new market opportunities and target high-margin markets; the strength/weakness of the back-end and/or front-end semiconductor market segments; fluctuations in customer capital spending; the Company’s ability to effectively manage its supply chain and adequately source components from suppliers to meet customer demand; the effects of political, economic, legal, and regulatory changes, including tariffs and trade disputes, or conflicts on the Company's global operations; its ability to adequately protect its intellectual property rights and maintain data security; the effects of natural disasters or public health emergencies on the global economy and on the Company’s customers, suppliers, employees, and business; its ability to effectively maneuver global trade issues and changes in trade and export regulations, tariffs and license policies; the Company’s ability to maintain relationships with its customers and manage appropriate levels of inventory to meet customer demands; the Company’s ability to realize the anticipated benefits of the proposed investment in and strategic partnership with Rigaku Holdings Corporation (“Rigaku”); the Company’s ability to complete the proposed Rigaku transaction on the timing expected or at all; the ability to obtain required regulatory approvals for the proposed Rigaku transaction on the timing expected or at all; and the Company’s ability to successfully integrate acquired businesses and technologies including the Semilab business, and to realize the anticipated benefits of such acquisitions. Additional information and considerations regarding the risks faced by Onto Innovation are available in Onto Innovation’s Form 10-K report for the year ended January 3, 2026, and other filings with the Securities and Exchange Commission. As the forward-looking statements are based on Onto Innovation’s current expectations, the Company cannot guarantee any related future results, levels of activity, performance, or achievements. Onto Innovation does not assume any obligation to update the forward-looking information contained in this press release, except as required by law.
 
About Onto Innovation
Onto Innovation is a leader in process control, combining global scale with an expanded portfolio of leading-edge technologies that include: unpatterned wafer quality; 3D metrology spanning chip features 

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 from nanometer scale transistors to large die interconnects; macro defect inspection of wafers and packages; metal interconnect composition; factory analytics; and lithography for advanced semiconductor packaging. Our breadth of offerings across the entire semiconductor value chain combined with our connected thinking approach results in a unique perspective to help solve our customers’ most difficult yield, device performance, quality, and reliability issues. Onto Innovation strives to optimize customers’ critical path of progress by making them smarter, faster and more efficient. Headquartered in Wilmington, Massachusetts, Onto Innovation supports customers with a worldwide sales and service organization. Additional information can be found at www.ontoinnovation.com. 
Source: Onto Innovation Inc.
ONTO-I
 
For more information, please contact:
Sidney Ho
+1 626.233.8431
[email protected]
 
(Financial tables follow) 

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 ONTO INNOVATION INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands) - (Unaudited)
 

 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 June 30, 2026

  

  

 January 3, 2026

  

 

 
 ASSETS

  

  

  

  

  

  

 

 
 Current assets

  

  

  

  

  

  

 

 
 Cash, cash equivalents and marketable securities

  

 $

 1,882,150

  

  

 $

 639,622

  

 

 
 Accounts receivable, net

  

  

 337,384

  

  

  

 268,932

  

 

 
 Inventories

  

  

 379,243

  

  

  

 298,264

  

 

 
 Prepaid expenses and other current assets

  

  

 43,164

  

  

  

 61,217

  

 

 
 Total current assets

  

  

 2,641,941

  

  

  

 1,268,035

  

 

 
 Net property, plant and equipment

  

  

 123,717

  

  

  

 127,184

  

 

 
 Goodwill and intangibles, net

  

  

 902,167

  

  

  

 942,113

  

 

 
 Other assets

  

  

 31,217

  

  

  

 30,409

  

 

 
 Total assets

  

 $

 3,699,042

  

  

 $

 2,367,741

  

 

 
  

  

  

  

  

  

  

 

 
 LIABILITIES AND STOCKHOLDERS’ EQUITY

  

  

  

  

  

  

 

 
 Current liabilities

  

  

  

  

  

  

 

 
 Accounts payable and accrued liabilities

  

 $

 194,716

  

  

 $

 156,229

  

 

 
 Other current liabilities

  

  

 76,929

  

  

  

 62,717

  

 

 
 Total current liabilities

  

  

 271,645

  

  

  

 218,946

  

 

 
 2031 Notes, net

  

  

 1,471,731

  

  

 ―

  

 

 
 Other non-current liabilities

  

  

 33,008

  

  

  

 48,148

  

 

 
 Total liabilities

  

  

 1,776,384

  

  

  

 267,094

  

 

 
 Stockholders’ equity

  

  

 1,922,658

  

  

  

 2,100,647

  

 

 
 Total liabilities and stockholders’ equity

  

 $

 3,699,042

  

  

 $

 2,367,741

  

 

  
 

 6
 

 
  

 ONTO INNOVATION INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts) - (Unaudited)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 Three Months Ended

  

  

 Six Months Ended

  

 

 
  

  

 June 30, 2026

  

  

 June 28, 2025

  

  

 June 30, 2026

  

  

 June 28, 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

  

 

 
 Interest income, net

  

  

 5,245

  

  

  

 8,631

  

  

  

 10,347

  

  

  

 17,897

  

 

 
 Other expense, net

  

  

 (299

 )

  

  

 (1,137

 )

  

  

 (863

 )

  

  

 (1,880

 )

 

 
 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 shares outstanding:

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Basic

  

  

 49,412

  

  

  

 48,925

  

  

  

 49,575

  

  

  

 49,053

  

 

 
 Diluted

  

  

 49,682

  

  

  

 49,016

  

  

  

 49,841

  

  

  

 49,213

  

 

  
 
 
 

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 ONTO INNOVATION INC.
GAAP TO NON-GAAP RECONCILIATION
(In thousands, except percentages and per share data) - (Unaudited)
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

 Three Months Ended June 30, 2026

  

 

 
  

 Gross Profit

  

  

 Gross Margin

  

  

 Operating Income

  

  

 Operating Margin

  

  

 Net Income

  

  

 Diluted EPS

  

 

 
 Reported (GAAP)

 $

 183,254

  

  

  

 53.4

 %

  

 $

 63,550

  

  

  

 18.5

 %

  

 $

 60,102

  

  

 $

 1.21

  

 

 
 Non-GAAP adjustments:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Merger and acquisition related expenses

  

 751

  

  

  

 0.2

 %

  

  

 4,303

  

  

  

 1.3

 %

  

  

 8,728

  

  

  

 0.17

  

 

 
 Restructuring expenses and other

  

 11,507

  

  

  

 3.4

 %

  

  

 15,268

  

  

  

 4.4

 %

  

  

 15,268

  

  

  

 0.31

  

 

 
 Amortization of intangibles

  

 —

  

  

  

 —

 %

  

  

 19,699

  

  

  

 5.7

 %

  

  

 19,699

  

  

  

 0.39

  

 

 
 Net tax provision adjustments

  

 —

  

  

  

 —

 %

  

  

 —

  

  

  

 —

 %

  

  

 (7,822

 )

  

  

 (0.15

 )

 

 
 Total adjustments

  

 12,258

  

  

  

 3.6

 %

  

  

 39,270

  

  

  

 11.4

 %

  

  

 35,873

  

  

  

 0.72

  

 

 
 Adjusted (non-GAAP)

 $

 195,512

  

  

  

 57.0

 %

  

 $

 102,820

  

  

  

 30.0

 %

  

 $

 95,975

  

  

 $

 1.93

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
  

 Three Months Ended June 28, 2025

  

 

 
  

 Gross Profit

  

  

 Gross Margin

  

  

 Operating Income

  

  

 Operating Margin

  

  

 Net Income

  

  

 Diluted EPS

  

 

 
 Reported (GAAP)

 $

 122,122

  

  

  

 48.2

 %

  

 $

 32,247

  

  

  

 12.7

 %

  

 $

 33,911

  

  

 $

 0.69

  

 

 
 Non-GAAP adjustments:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Merger and acquisition related expenses

  

 —

  

  

  

 —

 %

  

  

 2,507

  

  

  

 1.0

 %

  

  

 2,507

  

  

  

 0.05

  

 

 
 Restructuring expenses and other

  

 16,191

  

  

  

 6.3

 %

  

  

 22,415

  

  

  

 8.9

 %

  

  

 22,415

  

  

  

 0.46

  

 

 
 Amortization of intangibles

  

 —

  

  

  

 —

 %

  

  

 8,446

  

  

  

 3.3

 %

  

  

 8,446

  

  

  

 0.17

  

 

 
 Net tax provision adjustments

  

 —

  

  

  

 —

 %

  

  

 —

  

  

  

 —

 %

  

  

 (5,976

 )

  

  

 (0.12

 )

 

 
 Total adjustments

  

 16,191

  

  

  

 6.3

 %

  

  

 33,368

  

  

  

 13.2

 %

  

  

 27,392

  

  

  

 0.56

  

 

 
 Adjusted (non-GAAP)

 $

 138,313

  

  

  

 54.5

 %

  

 $

 65,615

  

  

  

 25.9

 %

  

 $

 61,303

  

  

 $

 1.25

  

 

  

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 Six Months Ended June 30, 2026

  

 

 
  

 Gross Profit

  

  

 Gross Margin

  

  

 Operating Income

  

  

 Operating Margin

  

  

 Net Income

  

  

 Diluted EPS

  

 

 
 Reported (GAAP)

 $

 329,643

  

  

  

 51.9

 %

  

 $

 97,064

  

  

  

 15.3

 %

  

 $

 93,852

  

  

 $

 1.88

  

 

 
 Non-GAAP adjustments:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Merger and acquisition related expenses

  

 6,899

  

  

  

 1.1

 %

  

  

 13,566

  

  

  

 2.1

 %

  

  

 17,991

  

  

  

 0.36

  

 

 
 Restructuring expenses and other

  

 21,694

  

  

  

 3.4

 %

  

  

 30,664

  

  

  

 4.8

 %

  

  

 30,664

  

  

  

 0.62

  

 

 
 Amortization of intangibles

  

 —

  

  

  

 —

 %

  

  

 39,399

  

  

  

 6.2

 %

  

  

 39,399

  

  

  

 0.79

  

 

 
 Net tax provision adjustments

  

 —

  

  

  

 —

 %

  

  

 —

  

  

  

 —

 %

  

  

 (15,139

 )

  

  

 (0.30

 )

 

 
 Total adjustments

  

 28,593

  

  

  

 4.5

 %

  

  

 83,629

  

  

  

 13.2

 %

  

  

 72,915

  

  

  

 1.47

  

 

 
 Adjusted (non-GAAP)

 $

 358,236

  

  

  

 56.4

 %

  

 $

 180,693

  

  

  

 28.5

 %

  

 $

 166,767

  

  

 $

 3.35

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
  

 Six Months Ended June 28, 2025

  

 

 
  

 Gross Profit

  

  

 Gross Margin

  

  

 Operating Income

  

  

 Operating Margin

  

  

 Net Income

  

  

 Diluted EPS

  

 

 
 Reported (GAAP)

 $

 265,355

  

  

  

 51.0

 %

  

 $

 95,381

  

  

  

 18.3

 %

  

 $

 98,006

  

  

 $

 1.99

  

 

 
 Non-GAAP adjustments:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Merger and acquisition related expenses

  

 —

  

  

  

 —

 %

  

  

 2,665

  

  

  

 0.5

 %

  

  

 2,665

  

  

  

 0.05

  

 

 
 Restructuring expenses and other

  

 19,826

  

  

  

 3.8

 %

  

  

 27,173

  

  

  

 5.2

 %

  

  

 27,173

  

  

  

 0.56

  

 

 
 Amortization of intangibles

  

 —

  

  

  

 —

 %

  

  

 16,891

  

  

  

 3.3

 %

  

  

 16,891

  

  

  

 0.35

  

 

 
 Net tax provision adjustments

  

 —

  

  

  

 —

 %

  

  

 —

  

  

  

 —

 %

  

  

 (8,623

 )

  

  

 (0.18

 )

 

 
 Total adjustments

  

 19,826

  

  

  

 3.8

 %

  

  

 46,729

  

  

  

 9.0

 %

  

  

 38,106

  

  

  

 0.78

  

 

 
 Adjusted (non-GAAP)

 $

 285,181

  

  

  

 54.8

 %

  

 $

 142,110

  

  

  

 27.3

 %

  

 $

 136,112

  

  

 $

 2.77

  

 

  

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 ONTO INNOVATION INC
SUPPLEMENTAL INFORMATION - RECONCILIATION OF THIRD QUARTER 2026
GAAP TO NON-GAAP FINANCIAL OUTLOOK
($ in millions, except percentages and per share data)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

 Operating Income

  

  

 Diluted EPS

  

 

 
  

 Low

  

  

 High

  

  

 Low

  

  

 High

  

 

 
  

 Dollars

  

  

 Margin

  

  

 Dollars

  

  

 Margin

  

  

  

  

  

  

  

 

 
 Estimated GAAP

 $

 81.4

  

  

  

 21.4

 %

  

 $

 89.7

  

  

  

 22.4

 %

  

 $

 1.54

  

  

 $

 1.70

  

 

 
 Estimated non-GAAP items:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Amortization of intangibles

  

 19.7

  

  

  

 5.2

 %

  

  

 19.7

  

  

  

 4.9

 %

  

  

 0.40

  

  

  

 0.40

  

 

 
 Merger and acquisition related expenses

  

 3.6

  

  

  

 0.9

 %

  

  

 3.6

  

  

  

 0.9

 %

  

  

 0.07

  

  

  

 0.07

  

 

 
 Restructuring expenses

  

 15.0

  

  

  

 3.9

 %

  

  

 17.0

  

  

  

 4.3

 %

  

  

 0.30

  

  

  

 0.34

  

 

 
 Net tax provision adjustments

  

 —

  

  

  

 —

 %

  

  

 —

  

  

  

 —

 %

  

  

 (0.13

 )

  

  

 (0.13

 )

 

 
 Estimated non-GAAP

 $

 119.7

  

  

  

 31.5

 %

  

 $

 130.0

  

  

  

 32.5

 %

  

 $

 2.18

  

  

 $

 2.38

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

  
 
 
 

 10