Onto Innovation is rated Buy, driven by strong demand for its semiconductor inspection and metrology equipment, particularly in AI-related HBM and advanced packaging. ONTO reported record Q2 FY2026 revenue and backlog above $1B, with management guiding Q3 revenue to $380M-$400M and non-GAAP EPS to $2.18-$2.38. Adoption of Dragonfly G5 is ramping, with significant volume purchase agreements and OSAT orders extending into 2027, supporting multi-year growth visibility.
ONTO's AI-driven packaging demand, record revenue and rising estimates give it an edge over PDFS, whose bookings and analytics business are gaining momentum.
Onto Innovation (ONTO) closed the most recent trading day at $241.41, moving 8.4% from the previous trading session.
| Semiconductors & Semiconductor Equipment Industry | Information Technology Sector | Michael Plisinski CEO | XMEX Exchange | US6833441057 ISIN |
| US Country | 1,867 Employees | - Last Dividend | - Last Split | 26 Feb 1992 IPO Date |
Onto Innovation Inc. is a pioneer in the field of process control tools, specializing in optical metrology for a wide range of applications. Since its inception in 1940, the company has dedicated itself to designing, developing, manufacturing, and supporting sophisticated lithography systems and analytical software aimed at improving process control. Headquartered in Wilmington, Massachusetts, Onto Innovation has carved a niche for itself by providing cutting-edge process and yield management solutions across various sectors. The company's extensive expertise extends to device packaging and test facilities, encompassing a broad spectrum of standalone systems for optical metrology, macro-defect inspection, and other critical measurements. Beyond hardware, Onto Innovation offers a comprehensive suite of process control software, catering to individual tools, groups of tools, and even entire factories or enterprises. Their commitment to innovation is further underscored by their involvement in systems software, the provision of spare parts, and a range of other services, including software licensing. Onto Innovation Inc.'s products and services find applications across semiconductor and advanced packaging device manufacturing, including areas such as silicon wafer production, LED technology, micro-electromechanical systems, and more, highlighting the company's integral role in the advancement of modern technology and industry standards.