Onto Innovation (NYSE:ONTO) Updates Q1 2026 Earnings Guidance

Onto Innovation (NYSE:ONTO) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.260-1.360 for the period, compared to the consensus EPS estimate of 1.290. The company issued revenue guidance of $275.0 million-$285.0 million, compared to the consensus revenue estimate of $272.0 million.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ONTO. Jefferies Financial Group raised their target price on Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Stifel Nicolaus increased their target price on shares of Onto Innovation from $180.00 to $215.00 and gave the stock a “hold” rating in a report on Wednesday. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. B. Riley Financial upped their price objective on Onto Innovation from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Needham & Company LLC lifted their target price on Onto Innovation from $200.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $222.50.

Onto Innovation Stock Up 2.6%

Shares of NYSE:ONTO traded up $5.72 during midday trading on Thursday, reaching $225.72. The company had a trading volume of 1,441,151 shares, compared to its average volume of 941,826. Onto Innovation has a 1-year low of $85.88 and a 1-year high of $229.87. The stock has a market cap of $11.06 billion, a PE ratio of 63.76, a P/E/G ratio of 1.22 and a beta of 1.50. The business’s 50 day moving average price is $189.80 and its 200 day moving average price is $148.10.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.01). The company had revenue of $266.87 million during the quarter, compared to the consensus estimate of $265.78 million. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, research analysts expect that Onto Innovation will post 6.26 earnings per share for the current fiscal year.

Key Stories Impacting Onto Innovation

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

• Positive Sentiment: Raised Q1 guidance: Onto gave Q1 EPS guidance of $1.260–$1.360 (around consensus) and revenue guidance of $275–$285M, above the $272M consensus — a clear near‑term revenue beat that traders see as growth validation. Q4 Results & Guidance Press Release
• Positive Sentiment: Operational wins and M&A: The company reported record 2025 revenue, completed the Semilab product line acquisition, shipped next‑gen Dragonfly systems and secured a major HBM agreement — items that strengthen near‑ and medium‑term revenue prospects. Onto Innovation Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Analyst support: Cantor Fitzgerald upgraded ONTO (driving positive sentiment) and Zacks raised estimates and maintains a Strong‑Buy stance, adding buying interest from momentum and growth investors. Cantor Fitzgerald Upgrade Zacks Momentum Note
• Neutral Sentiment: Quarterly results mixed: ONTO reported EPS of $1.26, missing the $1.27 consensus by $0.01, while revenue of $266.9M slightly exceeded estimates — a near‑neutral beat/miss that leaves focus on guidance and forward orders. Q4 Results & Guidance Press Release
• Neutral Sentiment: Price target action: Stifel raised its target from $180 to $215 but kept a “Hold” rating — a modest vote of confidence that still implies limited upside from some institutional analysts. Benzinga Note on Stifel Target Change

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Onto Innovation by 1,217.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after buying an additional 1,292,772 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its position in shares of Onto Innovation by 1.2% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,125,838 shares of the semiconductor company’s stock valued at $177,725,000 after acquiring an additional 12,999 shares during the period. Franklin Resources Inc. grew its stake in shares of Onto Innovation by 65.2% in the third quarter. Franklin Resources Inc. now owns 1,114,501 shares of the semiconductor company’s stock valued at $144,016,000 after acquiring an additional 440,035 shares in the last quarter. Rafferty Asset Management LLC increased its position in Onto Innovation by 62.7% during the second quarter. Rafferty Asset Management LLC now owns 639,566 shares of the semiconductor company’s stock worth $64,551,000 after acquiring an additional 246,359 shares during the period. Finally, AQR Capital Management LLC raised its stake in Onto Innovation by 315.8% in the 4th quarter. AQR Capital Management LLC now owns 615,651 shares of the semiconductor company’s stock worth $97,187,000 after purchasing an additional 467,587 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Company Profile

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.