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

Key Points

• Onto Innovation guided for strong Q3 2026 results, projecting EPS of $2.18–$2.38 versus the $1.93 consensus estimate and revenue of $380 million–$400 million versus expectations of $351.8 million.
• The stock fell $5.59 to $270.41 during Thursday trading, despite the company’s upbeat outlook. Shares have traded between $91.61 and $386.46 over the past 52 weeks.
• Analysts maintain a generally positive view, with a consensus “Buy” rating and a $339.60 target price; institutional investors own approximately 98.35% of Onto Innovation’s stock.

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 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 Price Performance

NYSE ONTO traded down $5.59 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. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 126.36, a P/E/G ratio of 1.17 and a beta of 1.59. The firm's 50-day moving average price is $295.81 and its two-hundred day moving average price is $255.33. Onto Innovation has a fifty-two week low of $91.61 and a fifty-two week high of $386.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.24. The company had revenue of $343.13 million during the quarter, compared to analysts' expectations 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. On average, research analysts predict that Onto Innovation will post 7.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on ONTO shares. Oppenheimer raised their price target on Onto Innovation from $370.00 to $450.00 and gave the stock an "outperform" rating in a research report on Monday, June 22nd. Jefferies Financial Group reaffirmed a "buy" rating and set a $350.00 price objective on shares of Onto Innovation in a research note on Wednesday, May 6th. Morgan Stanley initiated coverage on shares of Onto Innovation in a research note on Sunday, June 14th. They issued an "overweight" rating and a $371.00 target price for the company. Wall Street Zen lowered shares of Onto Innovation from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Freedom Capital raised shares of Onto Innovation to a "strong-buy" rating in a research note on Wednesday, June 17th. Two equities 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 company. According to data from MarketBeat.com, Onto Innovation presently has a consensus rating of "Buy" and a consensus target price of $339.60.

Institutional Trading of Onto Innovation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC boosted its position in shares of Onto Innovation by 188.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 115 shares during the last quarter. Danske Bank A S acquired a new position in Onto Innovation during the third quarter worth approximately $39,000. Los Angeles Capital Management LLC purchased a new position in Onto Innovation during the fourth quarter worth approximately $39,000. CIBC Private Wealth Group LLC raised its stake in Onto Innovation by 109.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 128 shares during the period. Finally, Parallel Advisors LLC boosted its holdings 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 during the last quarter. Hedge funds and other 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.

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