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 EPS guidance of 1.260-1.360 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore reaffirmed an “outperform” rating and set a $250.00 target price on shares of Onto Innovation in a research report on Thursday. Stifel Nicolaus set a $220.00 price objective on Onto Innovation in a report on Friday. Needham & Company LLC upped their price objective on shares of Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 target price on shares of Onto Innovation in a report on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Onto Innovation presently has an average rating of “Moderate Buy” and an average target price of $252.50.

Onto Innovation Price Performance

NYSE ONTO traded down $13.60 during midday trading on Friday, hitting $211.73. 1,059,971 shares of the company traded hands, compared to its average volume of 942,682. The company has a market cap of $10.38 billion, a PE ratio of 59.85, a price-to-earnings-growth ratio of 1.21 and a beta of 1.50. Onto Innovation has a 52 week low of $85.88 and a 52 week high of $232.49. The company’s 50-day simple moving average is $191.11 and its 200-day simple moving average is $148.64.

Onto Innovation (NYSE:ONTO) last announced 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 return on equity of 13.11% and a net margin of 17.46%.The firm had revenue of $266.87 million during the quarter, compared to the consensus estimate of $265.78 million. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The business’s revenue for the quarter 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. On average, research analysts predict that Onto Innovation will post 6.26 earnings per share for the current year.

Key Stories Impacting Onto Innovation

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

• Positive Sentiment: Needham raises price target to $275 and reiterates a Buy, implying ~22% upside versus the prior price — a bullish analyst vote that can support further upside. Needham Price Target Raise
• Positive Sentiment: Company reports record 2025 revenue, closed the Semilab product‑line acquisition, shipped next‑gen Dragonfly systems and secured a large HBM agreement (reported ~$240M), supporting longer‑term revenue and AI inspection demand. BusinessWire Release
• Positive Sentiment: Management projects >30% growth in advanced packaging revenue in 2026 and cites a record backlog driven by AI-related inspection and packaging demand — a demand narrative that supports multiple quarters of higher revenue. MSN Article
• Positive Sentiment: Q1 2026 guidance: EPS $1.260–1.360 and revenue $275M–$285M — revenue guidance is above consensus, signaling continued top‑line momentum even as EPS guidance is roughly in line; company flagged margin recovery in Q1 commentary. Zacks Guidance Coverage
• Neutral Sentiment: Stifel raised its target from $180 to $215 but kept a Hold rating (target still slightly below recent levels), a mixed signal that tempers some upside expectations. Benzinga: Stifel Update
• Neutral Sentiment: Pre/post‑earnings analyst commentary highlights Semilab payoff and AI tailwinds; these narrative pieces support momentum interest but are not firm catalysts on their own. Investing.com Preview
• Negative Sentiment: Q4 EPS missed by $0.02 (reported $1.26 vs. $1.28 consensus) and EPS declined versus prior year ($1.51), a small near‑term disappointment that could pressure sentiment if execution or margins weaken. Zacks Earnings Miss

Hedge Funds Weigh In On Onto Innovation

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in Onto Innovation by 1,217.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after acquiring an additional 1,292,772 shares in the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Onto Innovation by 1.2% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,125,838 shares of the semiconductor company’s stock valued at $177,725,000 after purchasing an additional 12,999 shares during the last quarter. Franklin Resources Inc. lifted its position in Onto Innovation by 65.2% during the third quarter. Franklin Resources Inc. now owns 1,114,501 shares of the semiconductor company’s stock worth $144,016,000 after buying an additional 440,035 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in Onto Innovation by 62.7% in the 2nd quarter. Rafferty Asset Management LLC now owns 639,566 shares of the semiconductor company’s stock valued at $64,551,000 after buying an additional 246,359 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Onto Innovation by 315.8% in the 4th quarter. AQR Capital Management LLC now owns 615,651 shares of the semiconductor company’s stock valued at $97,187,000 after buying an additional 467,587 shares in 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.