Onto Innovation (ONTO) Expected to Post Quarterly Earnings on Thursday

Onto Innovation (NYSE:ONTO) is expected to release its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $325.25 million for the quarter. Individuals are encouraged to explore the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, August 6, 2026 at 4:30 PM ET.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The business had revenue of $291.95 million for the quarter, compared to analysts’ expectations of $292.00 million. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 earnings per share. On average, analysts expect Onto Innovation to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Onto Innovation Trading Down 9.9%

Shares of ONTO stock opened at $217.83 on Thursday. The company has a market capitalization of $10.83 billion, a PE ratio of 101.79, a price-to-earnings-growth ratio of 0.99 and a beta of 1.55. The firm has a fifty day simple moving average of $295.48 and a 200-day simple moving average of $252.90. Onto Innovation has a twelve month low of $89.40 and a twelve month high of $386.46.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ONTO. Needham & Company LLC lifted their price target on shares of Onto Innovation from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. B. Riley Financial upped their price objective on shares of Onto Innovation from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Cantor Fitzgerald raised their target price on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Onto Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $350.00 target price on the stock. Finally, Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Onto Innovation presently has a consensus rating of “Buy” and a consensus price target of $339.60.

Hedge Funds Weigh In On Onto Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC boosted its position in Onto Innovation by 188.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 115 shares during the period. Los Angeles Capital Management LLC bought a new position in Onto Innovation in the 4th quarter worth about $39,000. CIBC Private Wealth Group LLC grew its position in Onto Innovation by 109.4% in the 4th 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 last quarter. Danske Bank A S acquired a new stake in shares of Onto Innovation in the third quarter valued at approximately $39,000. Finally, Parallel Advisors LLC increased its stake in shares of Onto Innovation by 20.6% in the fourth 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 period. 98.35% of the stock is currently owned by institutional investors and hedge funds.

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.