Onto Innovation (NYSE:ONTO) Issues Q1 2026 Earnings Guidance

Onto Innovation (NYSE:ONTO) updated its first quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.260-1.360 for the period, compared to the consensus earnings per share estimate of 1.290. The company issued revenue guidance of $275.0 million-$285.0 million, compared to the consensus revenue estimate of $272.0 million.

Onto Innovation Trading Down 4.4%

Shares of NYSE:ONTO opened at $215.44 on Friday. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 77.78, a PEG ratio of 1.24 and a beta of 1.50. Onto Innovation has a 12-month low of $85.88 and a 12-month high of $232.49. The business has a 50-day moving average price of $192.29 and a 200 day moving average price of $149.46.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.41%. The company had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. During the same period in the previous year, the company earned $1.51 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, equities research analysts predict that Onto Innovation will post 6.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ONTO. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Onto Innovation in a research report on Friday. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Onto Innovation in a research note on Friday. B. Riley Financial boosted their price objective on Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday. Finally, Needham & Company LLC raised their target price on Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Key Stories Impacting Onto Innovation

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

• Positive Sentiment: Company posted record 2025 revenue, completed the Semilab product‑line acquisition, shipped next‑gen Dragonfly systems and disclosed a major HBM agreement that management says is driving AI/inspection demand. Onto Innovation Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Analyst support: Needham raised its price target to $275 and kept a Buy rating, signaling continued bullish institutional views that could underpin shares over the medium term. Benzinga article
• Neutral Sentiment: Management guided Q1 FY2026 EPS to $1.260–1.360 and revenue to $275–285M, which sits slightly above consensus — that guidance implies margin recovery but leaves room for execution risk. Company press release / guidance
• Neutral Sentiment: Management projects >30% growth in advanced‑packaging sales in 2026 and cites a record backlog tied to AI demand — a positive long‑term growth signal but dependent on sustained end‑market strength. Advanced packaging growth article
• Negative Sentiment: Q4 EPS of $1.26 missed the consensus by $0.02 and fell from $1.51 a year ago — the modest miss and y/y earnings decline are the immediate catalyst for the share pullback. Zacks: ONTO misses Q4 estimates
• Negative Sentiment: Shares are trading with elevated volume into the print and remain at a premium valuation (high P/E), so even small earnings misses or execution risk can trigger outsized moves. Investing.com note

Hedge Funds Weigh In On Onto Innovation

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Transamerica Financial Advisors LLC increased its stake in shares of Onto Innovation by 188.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after buying an additional 115 shares during the period. Los Angeles Capital Management LLC acquired a new position in Onto Innovation during the 4th quarter worth approximately $39,000. CIBC Private Wealth Group LLC increased its position 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 during the last quarter. Danske Bank A S purchased a new stake in shares of Onto Innovation in the 3rd quarter valued at approximately $39,000. Finally, Parallel Advisors LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

About Onto Innovation

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.