ONTO Q2 2025 Earnings
Reported Aug 7, 2025 at 4:21 PM ET · SEC Source
Q2 25 EPS
$1.25
MISS 2.15%
Est. $1.28
Q2 25 Revenue
$253.6M
BEAT +1.14%
Est. $250.7M
vs S&P Since Q2 25
+201.5%
BEATING MARKET
ONTO +214.6% vs S&P +13.1%
Market Reaction
Did ONTO Beat Earnings? Q2 2025 Results
Onto Innovation delivered a mixed second quarter for fiscal 2025, beating on revenue while falling just short on the bottom line. The semiconductor metrology company posted Q2 revenue of $253.60 million, topping the consensus estimate of $250.74 mill… Read more Onto Innovation delivered a mixed second quarter for fiscal 2025, beating on revenue while falling just short on the bottom line. The semiconductor metrology company posted Q2 revenue of $253.60 million, topping the consensus estimate of $250.74 million by 1.14% and marking a 4.7% increase year-over-year, yet non-GAAP EPS of $1.25 missed the $1.28 analyst consensus by 2.15%, weighed down by $16.19 million in restructuring charges embedded in cost of revenue that compressed GAAP gross margin to 48.2% from 52.9% a year ago. The quarter's most consequential development, however, was the announced acquisition of Semilab International product lines for roughly $545.00 million in cash and stock, a deal management expects to add more than $130.00 million in annual revenue and be immediately accretive to EPS. Despite a sequential step-down expected in Q3, with guidance calling for revenue of $210.00 million to $225.00 million and non-GAAP EPS of $0.75 to $0.95, CEO Michael Plisinski characterized the period as a low watermark, pointing to an anticipated acceleration in AI packaging spend in Q4 that should return revenue to Q1 and Q2 levels, with momentum carrying into 2026.
Key Takeaways
- • Revenue exceeded midpoint of previously announced guidance range
- • Strong adoption of Dragonfly sub-surface defect inspection for AI packaging
- • 5% year-over-year revenue growth
- • Non-GAAP gross margin expansion to 54.5% from 53.2% year-over-year
ONTO YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“We continue to increase our value to customers through innovative development across our product platforms as evidenced by an expected near doubling of revenue in 2025 in advanced nodes markets, expanded positions in Dragonfly's 3Di interconnect metrology, and validated sensitivity and scan time performance in our next generation inspection Dragonfly system. In addition, the new material characterization capabilities from the pending Semilab acquisition further increases the breadth and depth of our portfolio.”
— Michael Plisinski, Q2 2025 Earnings Press Release
ONTO Earnings Trends
ONTO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ONTO EPS Trend
Earnings per share: estimate vs actual
ONTO Revenue Trend
Quarterly revenue: estimate vs actual
ONTO Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.26 | $1.26 | +0.00% | $266.9M | -0.07% |
| FY Full Year | $4.94 | $4.94 | -0.03% | $1.01B | -0.02% |
| Q3 25 BEAT | $0.90 | $0.92 | +2.51% | $218.2M | -1.06% |
| Q2 25 MISS | $1.28 | $1.25 | -2.15% | $253.6M | +1.14% |
| Q1 25 BEAT | $1.47 | $1.51 | +2.90% | $266.6M | +0.15% |