Onto Innovation (NYSE:ONTO) Announces Q4 2026 Earnings Guidance

Onto Innovation (NYSE:ONTO) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.590-2.790 for the period, compared to the consensus earnings per share estimate of 2.470. The company issued revenue guidance of $430.0 million-$450.0 million, compared to the consensus revenue estimate of $409.5 million.

Analyst Upgrades and Downgrades

ONTO has been the subject of several recent research reports. Evercore assumed coverage on shares of Onto Innovation in a report on Tuesday. They set a “strong-buy” rating for the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Onto Innovation in a research report on Tuesday, October 20th. Stifel Nicolaus cut their price target on Onto Innovation from $350.00 to $305.00 and set a “buy” rating on the stock in a research report on Tuesday. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, B. Riley Financial lowered their target price on Onto Innovation from $340.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Onto Innovation currently has a consensus rating of “Buy” and an average target price of $354.55.

Onto Innovation Stock Up 1.7%

ONTO stock opened at $197.41 on Wednesday. The firm has a market cap of $9.69 billion, a PE ratio of 64.94, a P/E/G ratio of 0.63 and a beta of 1.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The firm’s fifty day moving average is $250.73 and its 200 day moving average is $259.12. Onto Innovation has a one year low of $121.57 and a one year high of $386.46.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Monday, November 9th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.14. Onto Innovation had a net margin of 11.53% and a return on equity of 17.03%. The business had revenue of $409.75 million for the quarter, compared to analyst estimates of $392.08 million. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 87.8% on a year-over-year basis. On average, research analysts forecast that Onto Innovation will post 8.04 EPS for the current year.

Insider Buying and Selling

In related news, Director Susan Lynch sold 1,000 shares of the company’s stock in a transaction dated 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 sale, the director owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director directly owned 10,692 shares in the company, valued at $3,207,600. This trade represents a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Key Headlines Impacting Onto Innovation

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

• Positive Sentiment: Onto reported record Q3 revenue of about $410 million, up 88% year over year, and earnings of $2.44 per share. Both exceeded analyst expectations, and revenue, operating margin and EPS topped the high end of the company’s prior guidance. Onto Innovation Reports 2026 Third Quarter Results
• Positive Sentiment: Q4 guidance also came in above consensus: Onto forecast revenue of $430 million–$450 million and EPS of $2.59–$2.79, versus estimates of about $409.5 million and $2.47, respectively. Reports cited AI-related demand and a backlog exceeding $1.3 billion as growth supports. Q4 outlook and backlog
• Negative Sentiment: Several firms cut price targets: Jefferies and RBC lowered theirs to $350, Morgan Stanley to $325, and B. Riley to $285. Each retained a bullish rating, but the reductions signal more cautious valuation assumptions and could weigh on sentiment. Jefferies rating information

About Onto Innovation

Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects. The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.