Onto Innovation Q3 Earnings: EPS 75c-95c, Revenue $210M-$225M

Onto Innovation expects Q3 EPS of 75-95 cents, below consensus of $1.02, and Q3 revenue of $210-$225 million, also below consensus of $221.5 million.

Onto Innovation (ONTO), a semiconductor manufacturing equipment company, reported its second-quarter (Q2) 2025 earnings on July 2, 2025. The company's adjusted earnings per share (EPS) of $1.25 missed the Zacks Consensus Estimate of $1.27 per share [1]. This compares to earnings of $1.32 per share a year ago, representing an earnings surprise of -1.57% [1]. The company's Q2 revenue of $253.6 million surpassed the Zacks Consensus Estimate by 1.54%, compared to year-ago revenues of $242.33 million [1].

Despite the earnings miss, Onto Innovation's Q2 results were driven by strong adoption of sub-surface defect inspection and expanded Dragonfly 3Di metrology footprint [2]. The company expects Q3 revenue between $210 million and $225 million, which is below the consensus estimate of $221.5 million [2]. Additionally, the company anticipates Q3 non-GAAP EPS of $0.75 to $0.95, which is below the consensus estimate of $1.02 [2].

Onto Innovation's Q3 outlook indicates a potential low revenue point, with the company expecting a rebound in Q4. The company's stock has lost about 46% since the beginning of the year, compared to the S&P 500's gain of 7.9% [1].

Investors should closely monitor the company's earnings call for further insights into the sustainability of the stock's price movement and future earnings expectations.

References:
[1] https://www.nasdaq.com/articles/innovation-q2-earnings-lag-estimates
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX89950B:0-onto-innovation-q2-revenue-beats-estimates/