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

Onto Innovation (NYSE:ONTO – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (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 Trading Down 2.0%

ONTO traded down $5.59 during trading on Thursday, hitting $270.41. 1,586,894 shares of the company’s stock were exchanged, compared to its average volume of 1,082,428. Onto Innovation has a 1 year low of $91.61 and a 1 year high of $386.46. The stock has a 50 day moving average price of $295.81 and a 200 day moving average price of $255.33. The firm has a market cap of $13.45 billion, a P/E ratio of 126.36, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59.

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Onto Innovation (NYSE:ONTO – Get Free Report) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million for the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Analysts forecast that Onto Innovation will post 7.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ONTO. Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 target price on shares of Onto Innovation in a research report on Wednesday, May 6th. Cantor Fitzgerald raised their target price on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Morgan Stanley started coverage on Onto Innovation in a research report on Sunday, June 14th. They set an “overweight” rating and a $371.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $350.00 price target for the company. Finally, Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two research 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 MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $339.60.

Check Out Our Latest Report on ONTO

Institutional Trading of Onto Innovation

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

About Onto Innovation

(Get Free Report)

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.

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