ONTO INNOVATION (ONTO) Company Report

Onto Innovation Inc. completed the acquisition of Semilab USA LLC and key product lines for an adjusted purchase price of $432 million in cash plus 641,771 shares of common stock.
The acquisition is expected to immediately boost gross and operating margins, increase non-GAAP earnings per share by over 10% in the first year, and contribute $8 to $10 million to fourth-quarter 2025 revenue, raising its revenue guidance to $258 million–$275 million.
The acquired products are projected to generate approximately $120 million in revenue by 2026.
This deal enhances Onto's semiconductor materials analysis capabilities, strengthening its position in high-growth segments such as advanced logic, AI-enabled packaging, and power semiconductors.

Nov 17, 2025, 1:29 PM

Morningstar

Onto Innovation Completes Acquisition of Semilab Product Lines and Updates Q4 2025 Guidance

ONTO

M&A

Guidance Update

New Projects/Investments

Onto Innovation Inc. completed the acquisition of key product lines from Semilab International's materials analysis business on November 17, 2025, for approximately $495 million.
The acquisition is expected to contribute $8 million to $10 million to Q4 2025 revenue, leading to an updated Q4 2025 revenue guidance range of $258 million to $275 million.
The transaction is anticipated to be immediately accretive to margins and add $0.02 to $0.04 to diluted earnings per share in Q4 2025.
The acquired product lines are projected to generate approximately $120 million in revenue in 2026.

Nov 17, 2025, 1:17 PM

8-K

Onto Innovation Reports Q3 2025 Results and Provides Q4 2025 Guidance

ONTO

Earnings

Product Launch

M&A

Onto Innovation reported Q3 2025 revenue of $218.2 million and adjusted earnings per share of $0.92.
For Q4 2025, the company expects revenue in the range of $250 million-$265 million and earnings per share between $1.18-$1.33.
The company's 3DI technology successfully completed full qualification at two high-bandwidth memory customers, and the launch of its next-generation DragonFly system is progressing well with the first shipment expected in a few weeks.
The acquisition of three complementary product lines from Semilab is expected to close in the coming weeks, with amended terms valuing the transaction at approximately $495 million, and is anticipated to be accretive to both revenue and earnings in 2026.
Onto Innovation expects sequential growth in the first half of 2026, with more meaningful growth in the second half, driven by increased contributions from new products and potential capacity expansions.

Nov 6, 2025, 9:30 PM

Transcript

Onto Innovation Reports Q3 2025 Results and Provides Q4 2025 Guidance

ONTO

Earnings

Guidance Update

Product Launch

Onto Innovation Inc. reported Q3 2025 revenue of $218.2 million and GAAP diluted earnings per share of $0.57, with non-GAAP diluted earnings per share at $0.92.
The company generated $83.4 million in cash from operations in Q3 2025, ending the quarter with $983.9 million in cash and short-term investments.
For the fourth fiscal quarter ending January 3, 2026, Onto Innovation projects revenue between $250 million and $265 million and non-GAAP diluted earnings per share ranging from $1.18 to $1.33.
Key business highlights include the full qualification of Dragonfly® 3Di™ technology by two major high bandwidth memory (HBM) customers and initial shipments of Atlas® G6 OCD systems.

Nov 6, 2025, 9:05 PM

8-K

Onto Innovation Reports Q3 2025 Results and Provides Q4 2025 Outlook

ONTO

Earnings

Guidance Update

New Projects/Investments

Onto Innovation reported Q3 2025 revenue of $218.2 million, a 13.5% decrease year-over-year from Q3 2024, with diluted EPS of $0.57 and non-GAAP diluted EPS of $0.92.
The company generated record cash from operations of approximately $83.4 million in Q3 2025, ending the quarter with $983.9 million in cash and short-term investments.
Key business achievements include the full qualification of Dragonfly® 3Di™ technology by two major high bandwidth memory (HBM) customers and securing orders for 2.5D logic applications for AI packaging.
For the fourth fiscal quarter ending January 3, 2026, the company forecasts revenue between $250 million and $265 million and non-GAAP diluted earnings per share between $1.18 and $1.33.

Nov 6, 2025, 9:05 PM

Press Release

ONTO Innovation Amends Semilab USA Acquisition Terms, Reduces Purchase Price

ONTO

M&A

Guidance Update

New Projects/Investments

Onto Innovation Inc. amended its Equity Purchase Agreement for the acquisition of Semilab USA LLC on October 9, 2025, to exclude the Fourier-Transform infrared spectroscopy reflectometry systems (EIR) product line. This amendment was made to increase the likelihood of a timely closing after receiving a Second Request from the U.S. Department of Justice.
The revised purchase price is $432,310,000 in cash and 641,771 shares of Onto Innovation's common stock. This represents a reduction of approximately $50 million, bringing the total estimated purchase price to about $495 million based on the stock value on June 27, 2025.
The excluded EIR Business accounts for approximately $13 million, or 10%, of Semilab USA's estimated 2025 revenue. The remaining acquired business is projected to generate approximately $120 million in annual revenue.
The company expects the amended transaction to increase earnings per share by approximately 10% in the first year following the close, which is still anticipated in 2025.

Oct 10, 2025, 1:00 PM

8-K

Onto Innovation Announces Agreement to Acquire Semilab International's Materials Analysis Business

ONTO

M&A

Onto Innovation Inc. (ONTO) has entered into a definitive agreement to acquire the materials analysis business of Semilab International.
The total transaction value is approximately $545 million, consisting of $475 million in cash and 706,215 shares of Onto Innovation common stock.
The acquired business is projected to add approximately $130 million to Onto Innovation's annual revenue in 2025.
The transaction is expected to be immediately accretive to gross and operating margins and to increase non-GAAP earnings per share by more than 10% in the first year following close.
The acquisition is anticipated to close in the second half of 2025, subject to U.S. and Hungarian regulatory approvals.

Jun 30, 2025, 12:00 AM

8-K

Onto Innovation appoints Brian Roberts as CFO

ONTO

CFO Change

Executive Compensation

Hiring

Brian Roberts named Chief Financial Officer of Onto Innovation, effective June 16, 2025.
Base salary of $525,000, 80% bonus target, $250,000 sign-on bonus (100% clawback if departure <12 months; 50% if 12–24 months), plus $2.2 million in time-based RSUs vesting over three years.
Employment term runs through September 2, 2026 with automatic one-year renewals absent 90 days’ notice; at-will termination with severance equal to one year’s salary, pro-rata bonus and accelerated equity vesting (enhanced on change in control).
Subject to a 12-month non-compete post-employment (24 months if fiduciary breach) and COBRA continuation coverage for up to 12 months on qualifying termination.

Jun 16, 2025, 12:00 AM

8-K

Onto Innovation appoints CFO, SVP to strengthen leadership

ONTO

CFO Change

Management Change

Onto Innovation named Brian Roberts as CFO and Shirley Chen as SVP of Customer Success, effective June 16, 2025.
Roberts brings 30 years of financial expertise, including driving Sensata Technologies’ revenue to approximately $4 billion in 2024.
Chen offers 25 years of semiconductor experience from KLA and Thermo-Fisher, where she led over 800 professionals in electron microscopy solutions.
Analysts project a potential >70% stock upside with a consensus “Outperform” rating, as Onto Innovation maintains a robust current ratio and gross profit margin.

Jun 13, 2025, 12:16 AM

Morningstar

Onto Innovation announces CFO departure

ONTO

CFO Change

Management Change

On June 12, 2025, Onto Innovation mutually terminated the employment of CFO Mark Slicer, effective immediately.
Mr. Slicer served as the company’s principal financial and accounting officer.
The separation was not the result of any disagreement with the company on its operations, policies, or practices.

Jun 12, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for ONTO INNOVATION.

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