ONTO

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.

ONTO's liquidity, strong cash flow and strategic Rigaku investment position it to tap AI-driven semiconductor growth opportunities.

WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--Onto Innovation Inc. (NYSE: ONTO) announced today it received the Best Partner Award for technology achievement from SK hynix during the leading memory manufacturer's 25th Anniversary Partners Day on September 28, 2026. SK hynix bestowed the honor on Onto, the only company recognized for technology achievement, for developing a defect prevention system with breakthrough measurement technology for high-bandwidth memory (HBM) applications. The award highlights.

Onto Innovation's backlog more than doubles to $1.1 billion as AI infrastructure spending accelerates advanced packaging demand, boosting its 2026 outlook.

Onto Innovation (ONTO) reached $292.67 at the closing of the latest trading day, reflecting a -3.85% change compared to its last close.

Onto Innovation's record results, $1B-plus backlog and Dragonfly G5 momentum fuel its AI-driven growth, despite valuation risks.

Onto Innovation ( ONTO ) is a leading provider of process control, metrology, and inspection solutions for the global semiconductor industry. Headquartered in Wilmington, Massachusetts, the company was formed in October 2019 through a merger of equals between Nanometrics Incorporated and Rudolph Technologies.

Onto Innovation (ONTO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).