The Nasdaq’s Historic Rally Doesn’t Mean the Risk Is Gone Onto Innovation (NYSE:ONTO) reported second-quarter 2026 results above the high end of its guidance range, with revenue, margins and earnings supported by demand for semiconductor process-control systems used in advanced…
ckaging and leading-edge chip manufacturing. Chief Executive Officer Michael Plisinski said the company set quarterly revenue records and entered the second half with backlog exceeding $1.1 billion
He said increasing customer visibility prompted Onto Innovation to raise its outlook for second-half revenue growth to at least 25% from the first half, compared with a prior expectation for 15% growth. – Is AI Really Eating Software? A Wall Street Veteran Says No—Here’s Why “We set new quarterly revenue records with advanced nodes growing 50% quarter-over-quarter, and our inspection business, dominated by Dragonfly systems, growing by 30%,” Plisinski said. Second-Quarter Financial Results Chief Financial Officer Brian Roberts said second-quarter revenue totaled $343 million, up 18% sequentially and 35% from a year earlier.
The company reported non-GAAP earnings per share of $1.93, which Roberts said was $0.20 above the high end of its prior guidance range. – 3 Chip Stocks Approaching Buy Points Onto Innovation recorded a 57% gross margin, up 130 basis points from the first quarter and 250 basis points from the fourth quarter of 2025. Operating margin reached 30%, an increase of nearly 500 basis points from the beginning of the year, according to Roberts. The company generated $62 million in operating cash flow during the quarter, slightly exceeding quarterly net income.