From The Motley Fool · Motley Fool Transcribing · · 1m 40s
Onto Innovation Q3 2026 Earnings Beat
Onto Innovation reports 87.8% revenue growth and 57.6% gross margin in Q3 2026.
In brief
Onto Innovation reports 87.8% revenue growth and 57.6% gross margin in Q3 2026. Onto Innovation's Q3 2026 results show 87.8% revenue growth, 57.6% gross margin, and $1.3 billion backlog. Originally reported by The Motley Fool.
Q3 Results
Onto Innovation reported Q3 2026 revenue of $409.7 million, 87.8% growth.
Gross Margin
Non-GAAP gross margin reached 57.6%, up 60 basis points from previous quarter.
Operating Margin
Non-GAAP operating margin increased to 32.6%, up 260 basis points sequentially.
Earnings
Non-GAAP EPS of $2.44, a 26% improvement from Q2.
Q4 Guidance
Q4 revenue expected between $430 million and $450 million, 7% sequential increase.
Backlog
Record backlog of $1.3 billion, 20% increase from prior quarter.
Advanced Packaging
Advanced packaging revenue expected to exceed 80% growth for full year 2026.
Advanced Nodes
Advanced nodes revenue of $135 million, 60% memory and 40% logic.
Dragonfly G5
Dragonfly G5 orders doubled 2026 revenue for 2027 with application requests doubling.
3Di Metrology
3Di metrology revenue more than doubled prior year full year total.
Panel Revenue
Panel revenue expected to double in 2026 with 40% growth in 2027.
Power and Silicon Photonics
Power and silicon photonics revenue doubled in Q3 with significant growth expected through 2027.
Q4 Margin Guidance
Q4 gross margin guidance of 57.7% to 58.3%, 350 basis points improvement since 2025.
Rigaku Investment
Rigaku investment closed at $720 million for 27% ownership stake.
Supply Chain
Operations moved to localized supply chain model within extended factories.
Q4 EPS Guidance
Q4 non-GAAP EPS guidance of $2.59 to $2.79, midpoint $2.69.
What to remember
Onto Innovation's Q3 2026 results show 87.8% revenue growth, 57.6% gross margin, and $1.3 billion backlog.
