Onto Innovation ( (ONTO) ) has released its Q3 earnings. Here is a breakdown of the information Onto Innovation presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Onto Innovation is a leader in process control technologies for the semiconductor industry, offering solutions that span from unpatterned wafer quality to advanced packaging lithography.
In the third quarter of 2025, Onto Innovation reported financial results that surpassed the midpoint of its guidance ranges, with highlights including the full qualification of its Dragonfly 3Di technology by major customers and record cash generation from operations.
The company reported a revenue of $218.2 million, a decrease from the previous year, and a gross margin of 50.7%. Despite a decline in operating income and net income compared to the third quarter of 2024, Onto Innovation achieved a significant cash flow from operations of $83.4 million. The company also made strategic advancements with its Dragonfly and Atlas systems, securing orders and initiating shipments to key customers.
Looking ahead, Onto Innovation anticipates revenue growth in the fourth quarter, projecting revenues between $250 million and $265 million, with an expected gross margin of 53.5% to 55%. The company remains focused on delivering comprehensive solutions to meet the evolving needs of its semiconductor customers.