Advanced nodes revenue was $89 million (35% of total), specialty devices and advanced packaging $117 million (46%), and software and services $48 million (19%).
Cash and investments increased by $44 million to approximately $895 million at quarter-end.
Cash from operations was $58 million, with a cash conversion rate of 95% of non-GAAP net income.
Earnings per share were $1.25, impacted slightly by foreign exchange losses and a higher effective tax rate of 16%.
Gross margin was 54.5%, or approximately 55% excluding $1.1 million in tariff expenses.
Onto Innovation reported Q2 2025 revenue of $253.6 million, a 5% year-over-year increase.
Operating margin reached 25.9%, near the high end of guidance, driven by productivity gains in R&D and operations.
Adjusted diluted earnings per share were $2.85, up 45%, exceeding the high end of guidance.
Adjusted EBITDA margin expanded by 280 basis points to 21.4%.
Electronics segment margin was flat year-over-year at 21.6%, Transportation margin increased by 610 basis points to 20.5%, and Industrial margin increased by 610 basis points to 22.1%.
Littelfuse reported second quarter 2025 revenue of $613 million, up 10% year-over-year and 6% organically.
Net debt-to-EBITDA leverage stood at 1.1x, with $685 million cash on hand.
Operating cash flow was $82 million, with free cash flow of $73 million in the quarter and $115 million year-to-date, representing a 114% conversion rate.
Segment sales growth: Electronics up 10% (4% organic), Transportation up 6% (4% organic), Industrial up 17% organic.
The Dortmund acquisition contributed 2% to sales growth, and foreign exchange was a 1% tailwind.
Debt was reduced by $105 million, lowering net debt to $1.1 billion and net leverage to 1.8x, with credit rating upgrades from Fitch and Moody's.
Operating margin expanded to 22.6%, up 160 basis points year-over-year, and non-GAAP EPS grew 16% to $1.06 per diluted share.
RingCentral achieved positive GAAP operating income and net income for the first time in its history.
RingCentral reported total revenue of $620 million in Q2 2025, representing a 5% year-over-year increase and hitting the high end of guidance.
Stock-based compensation was reduced by 450 basis points year-over-year as a percentage of revenue, with net new grants down 45% in the first half of 2025.
Subscription revenue grew 6% to approximately $600 million, with ARR increasing 7% to about $2.6 billion.
The company generated $144 million in free cash flow, a 33% increase year-over-year, with free cash flow per share rising 37% to $1.57.
Dafinchi