Onto Innovation (NYSE:ONTO) Issues Q3 2026 Earnings Guidance

Onto Innovation (NYSE:ONTO) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 2.180-2.380 for the period, compared to the consensus earnings per share estimate of 1.930. The company issued revenue guidance of $380.0 million-$400.0 million, compared to the consensus revenue estimate of $351.8 million.

Onto Innovation Stock Performance

ONTO opened at $270.41 on Friday. Onto Innovation has a fifty-two week low of $91.61 and a fifty-two week high of $386.46. The company has a market capitalization of $13.45 billion, a P/E ratio of 126.36, a P/E/G ratio of 1.13 and a beta of 1.59. The stock has a fifty day moving average of $296.05 and a 200-day moving average of $255.68.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. The company had revenue of $343.13 million during the quarter, compared to analysts’ expectations of $325.29 million. During the same quarter in the previous year, the business posted $1.25 earnings per share. Onto Innovation’s quarterly revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities research analysts predict that Onto Innovation will post 7.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ONTO has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Freedom Capital upgraded shares of Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price target on shares of Onto Innovation in a research note on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research report on Friday, July 24th. Finally, Evercore restated an “outperform” rating and set a $315.00 price objective on shares of Onto Innovation in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $344.60.

More Onto Innovation News

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Onto Innovation reported record second-quarter revenue of approximately $343.1 million, up 35.3% year over year and above the $325.3 million analyst consensus. Adjusted EPS of $1.93 exceeded estimates of $1.69, while EPS increased from $1.25 a year earlier. Onto Innovation Reports 2026 Second Quarter Results
• Positive Sentiment: Profitability and cash generation improved sharply: gross profit rose 50.1% to $183.3 million, operating profit nearly doubled to $63.6 million, net income increased 77.2% to $60.1 million, and operating cash flow reached $61.5 million. Onto Innovation Q2 2026 Earnings
• Positive Sentiment: Management issued well-above-consensus third-quarter guidance: EPS of $2.18-$2.38 versus the $1.93 estimate and revenue of $380 million-$400 million versus the $351.8 million consensus. Onto Innovation Earnings Call
• Positive Sentiment: The company cited strong artificial-intelligence-related semiconductor demand and a backlog exceeding $1 billion, supporting visibility into future orders. Onto Innovation Reports 2026 Second Quarter Results
• Neutral Sentiment: Analyst price targets remain broadly bullish, with a reported six-month median of $350 and several targets ranging from $370 to $450, although these targets may already reflect the company’s strong growth outlook. Onto Innovation Analyst Ratings
• Negative Sentiment: Despite the results and guidance, ONTO traded lower during the session. With shares valued at roughly 126 times earnings and having recently reached substantially higher levels, investors may be taking profits or demanding further upside surprises before bidding the stock higher.

Institutional Investors Weigh In On Onto Innovation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC boosted its holdings in shares of Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 115 shares in the last quarter. Danske Bank A S bought a new stake in shares of Onto Innovation during the 3rd quarter worth $39,000. Los Angeles Capital Management LLC acquired a new stake in Onto Innovation in the fourth quarter valued at about $39,000. CIBC Private Wealth Group LLC grew its position in Onto Innovation by 109.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 128 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Onto Innovation by 20.6% in the fourth quarter. Parallel Advisors LLC now owns 339 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 58 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.