Q3 EPS Forecast for Onto Innovation Raised by Analyst

Onto Innovation Inc. (NYSE:ONTO) – Equities researchers at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for shares of Onto Innovation in a research note issued to investors on Thursday, August 27th. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings of $2.20 per share for the quarter, up from their previous forecast of $1.73. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $7.88 per share. Zacks Research also issued estimates for Onto Innovation’s Q4 2026 earnings at $2.33 EPS, FY2026 earnings at $7.88 EPS, Q2 2027 earnings at $2.75 EPS, Q3 2027 earnings at $3.52 EPS, Q4 2027 earnings at $2.73 EPS, FY2027 earnings at $10.88 EPS, Q2 2028 earnings at $3.11 EPS and FY2028 earnings at $12.22 EPS.

Several other brokerages have also weighed in on ONTO. Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $350.00 price objective for the company. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Wall Street Zen raised Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Oppenheimer boosted their price target on shares of Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd. Finally, Evercore reaffirmed an “outperform” rating and set a $390.00 price objective on shares of Onto Innovation in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $380.30.

Onto Innovation Stock Down 1.5%

Shares of NYSE ONTO opened at $266.67 on Tuesday. The company has a 50 day simple moving average of $299.13 and a 200-day simple moving average of $267.25. The company has a market capitalization of $13.09 billion, a P/E ratio of 100.25, a P/E/G ratio of 0.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. Onto Innovation has a 1 year low of $101.00 and a 1 year high of $386.46.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. The firm had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. Onto Innovation’s quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS.

Insider Activity at Onto Innovation

In other news, Director Susan D. Lynch sold 1,000 shares of the firm’s 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 completion of the transaction, the director owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Onto Innovation

Several large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its holdings in Onto Innovation by 15.6% in the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock valued at $2,720,000 after acquiring an additional 1,793 shares in the last quarter. Entropy Technologies LP acquired a new position in Onto Innovation during the 1st quarter worth approximately $2,877,000. BlackRock Inc. acquired a new position in Onto Innovation during the 2nd quarter worth approximately $2,083,436,000. Andar Capital Management HK Ltd purchased a new stake in shares of Onto Innovation in the 2nd quarter valued at approximately $69,000,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Onto Innovation in the 4th quarter valued at approximately $1,583,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

More Onto Innovation News

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

• Positive Sentiment: Zacks Research substantially raised its earnings forecasts for Onto Innovation. Estimates increased to $2.20 EPS for Q3 2026 from $1.73, $2.33 for Q4 2026 from $1.98, and $7.88 for full-year 2026 from $6.78. Longer-term forecasts also rose to $10.88 EPS for 2027 from $8.71 and $12.22 for 2028 from $9.44, signaling stronger expected demand and earnings growth in the semiconductor-equipment business.
• Positive Sentiment: The analyst also lifted estimates for Q2 2027, Q3 2027, Q4 2027 and Q2 2028, while maintaining a “Strong Buy” rating. The revisions support the bullish case for Onto Innovation’s exposure to secular chip-manufacturing trends. Best Momentum Stocks to Buy for August 31st
• Positive Sentiment: Onto Innovation was included in Zacks’ list of Rank #1 momentum stocks, reinforcing the recent analyst optimism. A separate market commentary identified the company as a growth-and-stability candidate tied to ongoing semiconductor manufacturing investment. Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally

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.