Earnings summaries and quarterly performance for ONTO INNOVATION.
Executive leadership at ONTO INNOVATION.
Board of directors at ONTO INNOVATION.
Research analysts who have asked questions during ONTO INNOVATION earnings calls.
BC
Brian Chin
Stifel Financial Corp.
4 questions for ONTO
Also covers: AEIS, AMAT, CAMT +8 more
DD
David Duley
Steelhead Securities LLC
4 questions for ONTO
Also covers: ACLS, COHU, FORM +3 more
EY
Edward Yang
Oppenheimer & Co. Inc.
4 questions for ONTO
Also covers: CAMT, ENTG, ICHR +3 more
Charles Shi
Needham & Company
3 questions for ONTO
Also covers: ACLS, ACMR, ALTR +18 more
Craig Ellis
B. Riley Securities
3 questions for ONTO
Also covers: ACLS, AKTS, AMKR +16 more
Matthew Prisco
Cantor Fitzgerald
3 questions for ONTO
Also covers: CAMT, MKSI, NVMI +1 more
BC
Blayne Curtis
Jefferies Financial Group
2 questions for ONTO
Also covers: ADI, AIP, ALAB +19 more
Mark Miller
The Benchmark Company LLC
2 questions for ONTO
Also covers: ACLS, ACMR, AEIS +11 more
VS
Vedvati Shrotre
Evercore ISI
2 questions for ONTO
Also covers: CAMT, NVMI, TER
MP
Meyer Popuri
B. Riley Securities, Inc.
1 question for ONTO
Recent press releases and 8-K filings for ONTO.
Onto Innovation Provides Positive 2026 Outlook and Margin Improvement Targets
ONTO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Onto Innovation projects its 2026 first-half revenue to be at least 10% stronger than the second half of 2025, with 61% of its 2025 revenue directly supporting the AI supply chain.
- The company anticipates at least a 30% improvement in operating margin (net income) for 2026, driven by shifting manufacturing to Asian partners (targeting 80% of production overseas by mid-2026), higher margins on new products, and the margin-accretive SDI acquisition.
- Traction for new products includes the Dragonfly G5 platform, which has secured a purchase order from a fourth customer, and the charge metrology capability from the SDI acquisition, targeting chiplet architectures and power semiconductors.
- HBM demand growth is expected to lead to a strong year in 2026, while the front-end memory business (DRAM/NAND) is projected to pick up in the mid to second half of 2026.
- ONTO's China strategy involves leveraging Asian factories to de-risk operations and utilizing the SDI acquisition's strong position and unique surface charge metrology to expand its market presence.
Jan 13, 2026, 4:45 PM
Onto Innovation Provides Positive 2026 Outlook and Margin Improvement Details
ONTO
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Onto Innovation (ONTO) expects its 2026 first-half revenue to be at least 10% stronger than the second half of 2025, an improvement from prior single-digit growth expectations, driven by its direct tie to the AI supply chain, which accounted for 61% of its 2025 revenue.
- The company anticipates at least a 30% improvement in operating margin and net income for 2026, primarily due to shifting manufacturing to Asian partners (targeting 80% of production overseas by mid-2026), higher margins on new products, and the margin-accretive Semilab (SDI) acquisition.
- ONTO's new Dragonfly G5 platform has received a purchase order from a fourth customer and expects to ship several other systems this quarter, with qualifications for the platform expected to conclude by mid-2026.
- The company sees growth opportunities in panel-level packaging, with funded expansions expected in the next 12-24 months, and anticipates meaningful HBM expansion in 2026, with the DRAM front-end business picking up in the second half of 2026.
Jan 13, 2026, 4:45 PM
Onto Innovation Provides 2026 Outlook and Growth Drivers at Needham Conference
ONTO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Onto Innovation projects its 2026 first-half revenue to be at least 10% stronger than the second half of 2025, an improvement from prior single-digit expectations, primarily driven by advanced nodes and AI packaging.
- The company expects at least a 30% improvement in operating margin and net income for 2026, attributed to manufacturing shifts to Asian factories, higher margins on new products, and benefits from the SDI acquisition.
- New opportunities in critical films, 3DI metrology, and charge metrology (from the SDI acquisition) are expected to add $1 billion in potential revenue. The new Dragonfly G5 platform is seeing significant traction, with a fourth customer purchase order expected this quarter and co-packaged optics (CPO) qualifications anticipated by mid-2026 or sooner.
- Onto Innovation is enhancing its China strategy by moving manufacturing to Asian factories and leveraging the SDI acquisition's strong market position and unique surface charge metrology to increase engagement with Chinese customers.
Jan 13, 2026, 4:45 PM
ONTO Innovation provides positive 2026 outlook and highlights AI growth
ONTO
Guidance Update
Product Launch
Revenue Acceleration/Inflection
- ONTO Innovation anticipates an improved revenue outlook for 2026, driven by strong alignment to AI, with AI revenue increasing to 61% in 2025 from approximately 16% in 2023.
- The company projects operating income greater than 30% in 2026, with tariff mitigation expected to improve gross margin by 100 basis points in 1H 2026.
- New products, including the Next Generation Dragonfly, are expected to increase value and boost margins, with the Semiconductor Diagnostic Product Lines (Semilab US) projected to contribute $120 million in revenue and accretive margin for 2026.
- The Next Generation Dragonfly, offering greater sensitivity and faster throughput, has already shipped to three customers, with a purchase order from a fourth and several additional systems expected to ship in Q1.
Jan 12, 2026, 11:00 PM
Onto Innovation Completes Semilab USA Acquisition
ONTO
M&A
Guidance Update
New Projects/Investments
- 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
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
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
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
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
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
Quarterly earnings call transcripts for ONTO INNOVATION.
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