Onto Innovation (ONTO) Reports 35% Revenue Growth in Q2 2026

Onto Innovation (NYSE: ONTO) reported second-quarter 2026 revenue of $343 million, a 35% increase from the previous year. Non-GAAP earnings per share reached $1.93, exceeding the high end of the guidance by $0.20. The company noted a backlog exceeding $1.1 billion and anticipates at least 25% revenue growth for the second half of 2026. Additionally, advanced-node revenue grew 50% sequentially, reflecting robust demand in the semiconductor sector, which is significant for market performance.