Zacks Investment Research·1d ago
How to Approach Onto Innovation Stock Ahead of Q3 Earnings?ONTO heads into Q3 earnings with strong AI-driven demand, a record backlog and rising advanced-packaging sales, but execution risks remain.
Onto Innovation is experiencing a significant growth inflection driven by AI-driven advanced packaging demand, with revenue surging 35.3% YoY to $343.1M in 2026Q2 and gross margin expanding to 53.4%.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue reaccelerated to $343.1M in 2026Q2, up 35.3% YoY, with gross margin expanding to 53.4% and operating margin reaching 18.5%, though net margin of 17.5% exceeded operating margin, suggesting non-recurring tax benefits.
Onto Innovation has potential to regain market share with TSMC, a key player in the semiconductor industry.
The company stands to benefit from back-end advanced packaging trends in the semiconductor sector.
The acquisition of Semilab is expected to be accretive and drive significant upside for Onto Innovation.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 6, 2026 | $1.93+14.2% vs $1.69 | $343M+5.5% vs $325M |
Q2 2026 May 5, 2026 | $1.42+0.0% vs $1.42 | $292M-0.0% vs $292M |
Q1 2026 Feb 19, 2026 | $1.26-1.6% vs $1.28 | $267M-0.2% vs $267M |
Q4 2025 Nov 6, 2025 | $0.92+2.9% vs $0.89 | $218M-0.9% vs $220M |
ONTO heads into Q3 earnings with strong AI-driven demand, a record backlog and rising advanced-packaging sales, but execution risks remain.
Beyond analysts' top-and-bottom-line estimates for Onto Innovation (ONTO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2026.
In the closing of the recent trading day, Onto Innovation (ONTO) stood at $191.4, denoting a -5.05% move from the preceding trading day.
ONTO targets Q3 2026 revenues of up to $400 million as surging advanced packaging demand, robust advanced nodes growth and record backlog fuel optimism.
Benchmark ONTO against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Onto Innovation Inc. (ONTO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $173.28 | $8.62B | 62.33 | 1.82% | 13.6% | 6.79% | — | |
| $64.01 | $3.35B | 9999.00 | -7.38% | 12.18% | 13.55% | 1.59% | |
| $38.49 | $1.82B | -24.21 | 12.74% | -3.97% | -2.9% | — | |
| $81.12 | $6.32B | 117.57 | 2.8% | 17.72% | 15.83% | — | |
| $44.61 | $2.86B | 32.56 | 15.24% | 14.48% | 7.24% | 0.25% | |
| $97.05 | $4.53B | 93.32 | 15.57% | 7.4% | 5.82% | — |
Onto Innovation Inc. (ONTO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Onto Innovation Inc. (ONTO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 10, 2026·SEC
Aug 6, 2026·SEC
May 21, 2026·SEC
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Onto Innovation Inc. (ONTO) stock FAQ — growth, dividends, profitability & financials explained
Onto Innovation Inc. (ONTO) reported $1.12B in revenue over the trailing twelve months. Revenue was $1.01B in fiscal year 2025. That is 3218% more than the $30.3M of fiscal year 1996.
Onto Innovation Inc. (ONTO) grew revenue by 1.8% in fiscal year 2025, compared with the prior fiscal year.
Yes. Onto Innovation Inc. (ONTO) earned $132.6M in net income over the trailing twelve months (a 11.8% net margin).
Onto Innovation Inc. (ONTO) had a return on equity (ROE) of 6.8% in fiscal year 2025. That is below the market's typical 10-15%.
Onto Innovation Inc. (ONTO) generated $252.5M in free cash flow over the trailing twelve months.
