Onto Innovation (NYSE:ONTO) Announces Q4 2026 Earnings Guidance

Key Points

• Onto Innovation forecast Q4 2026 EPS of $2.59–$2.79 and revenue of $430 million–$450 million, both above analyst consensus estimates of $2.47 and $409.5 million, respectively.
• The company’s latest quarter also beat expectations: EPS was $2.44 versus $2.30 estimated, while revenue rose 87.8% year over year to $409.75 million. Its backlog exceeded $1.3 billion.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and $370.91 average price target; B. Riley cut its target from $340 to $285 but maintained a Buy rating.

Onto Innovation (NYSE:ONTO - Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.590-2.790 for the period, compared to the consensus EPS estimate of 2.470. The company issued revenue guidance of $430.0 million-$450.0 million, compared to the consensus revenue estimate of $409.5 million.

Onto Innovation Price Performance

Onto Innovation stock opened at $194.15 on Tuesday. The business's 50-day simple moving average is $252.12 and its 200 day simple moving average is $259.19. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 72.99, a P/E/G ratio of 0.60 and a beta of 1.66. Onto Innovation has a 12-month low of $121.57 and a 12-month high of $386.46. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The semiconductor company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.14. The firm had revenue of $409.75 million during the quarter, compared to analyst estimates of $392.08 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The company's revenue was up 87.8% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. As a group, research analysts anticipate that Onto Innovation will post 8.04 earnings per share for the current year.

Analysts Set New Price Targets

ONTO has been the subject of several analyst reports. Cantor Fitzgerald reiterated an "overweight" rating on shares of Onto Innovation in a research report on Tuesday, October 20th. B. Riley Financial cut their price objective on shares of Onto Innovation from $340.00 to $285.00 and set a "buy" rating on the stock in a report on Monday. Wall Street Zen upgraded shares of Onto Innovation from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Royal Bank Of Canada initiated coverage on shares of Onto Innovation in a research note on Friday, October 2nd. They issued an "outperform" rating and a $400.00 price objective on the stock. Finally, Jefferies Financial Group lifted their target price on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Onto Innovation presently has an average rating of "Moderate Buy" and an average price target of $370.91.

Insider Transactions at Onto Innovation

In related news, Director Susan Lynch sold 1,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the sale, the director directly owned 2,684 shares in the company, valued at $811,373.20. This trade represents a 27.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director directly owned 10,692 shares in the company, valued at $3,207,600. The trade was a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company's stock.

Key Headlines Impacting Onto Innovation

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

• Positive Sentiment: Q3 revenue reached a record $409.8 million, up 87.8% year over year, while EPS of $2.44 topped analyst estimates of about $2.30. Revenue, operating margin and EPS also exceeded the high end of the company’s prior guidance. Onto Innovation Reports 2026 Third Quarter Results
• Positive Sentiment: Management forecast Q4 revenue of $430 million to $450 million, and the company’s backlog exceeded $1.3 billion—signals of continued demand and revenue visibility. Onto Innovation outlines Q4 outlook and backlog
• Negative Sentiment: B. Riley lowered its price target to $285 from $340, indicating a more cautious valuation view, but kept its Buy rating. B. Riley adjusts price target and maintains Buy rating

About Onto Innovation

Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects.

The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.

Onto Innovation was formed in 2019 through the merger of Nanometrics and Rudolph Technologies.

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