Onto Innovation (ONTO) Stock Rises on Q3 2026 Earnings

Onto Innovation Inc. (NASDAQ: ONTO) delivered a strong third quarter in 2026, with revenue rising to $409.7 million, up 87.8% from a year earlier and ahead of Wall Street’s $399.9 million estimate.

Profitability improved sharply across the business. Gross profit climbed to $224.5 million, operating profit reached $95.4 million, and net income attributable to common shareholders increased to $46.8 million. Diluted earnings per share came in at $0.95, up 66.7% year over year.

Operational cash generation remained solid, with cash from operating activities of $78.8 million. The company ended the period with $346.1 million in cash and cash equivalents.

• Revenue: $409.7 million, up 87.8% year over year
• Gross profit: $224.5 million, up 102.9%
• Operating profit: $95.4 million, up 302.9%
• Diluted EPS: $0.95, up 66.7%
• Cash and cash equivalents: $346.1 million

The quarter reflected broad-based growth, with higher revenue translating into significantly stronger operating earnings and net income. Shares were up 7.66% after the market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Investivoq.

Onto Innovation Inc. Insider Trading Activity

Onto Innovation Inc. insiders have traded $ONTO stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $ONTO stock by insiders over the last 6 months:

• DAVID BRIAN MILLER sold 2,000 shares for an estimated $600,000
• SUSAN D LYNCH sold 1,000 shares for an estimated $302,300

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

Onto Innovation Inc. Hedge Fund Activity

We have seen 346 institutional investors add shares of Onto Innovation Inc. stock to their portfolio, and 328 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• ANDAR CAPITAL MANAGEMENT HK LTD removed 26,047,050 shares (-99.7%) from their portfolio in Q3 2026, for an estimated $8,017,802,931
• NORDEA INVESTMENT MANAGEMENT AB added 755,954 shares (+979.4%) to their portfolio in Q3 2026, for an estimated $232,697,760
• INVESCO LTD. added 719,083 shares (+113.6%) to their portfolio in Q2 2026, for an estimated $272,136,961
• JANE STREET GROUP, LLC removed 601,373 shares (-99.5%) from their portfolio in Q2 2026, for an estimated $227,589,611
• SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 509,528 shares (+inf%) to their portfolio in Q2 2026, for an estimated $192,830,871
• POLAR CAPITAL HOLDINGS PLC added 406,645 shares (+inf%) to their portfolio in Q2 2026, for an estimated $153,894,800
• QUBE RESEARCH & TECHNOLOGIES LTD added 361,547 shares (+603.8%) to their portfolio in Q2 2026, for an estimated $136,827,462

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

Onto Innovation Inc. Government Contracts

We have seen $4,527,252 of award payments to $ONTO over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

• GEOPHYSICAL FIELD SYSTEMS TECHNOLOGY REFRESH: $673,266

To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq API government contracts endpoint.

Onto Innovation Inc. Analyst Ratings

Wall Street analysts have issued reports on $ONTO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

• Deutsche Bank issued a "Buy" rating on 06/05/2026

To track analyst ratings and price targets for Onto Innovation Inc., check out Investivoq's $ONTO forecast page.

Onto Innovation Inc. Price Targets

Multiple analysts have issued price targets for $ONTO recently. We have seen 4 analysts offer price targets for $ONTO in the last 6 months, with a median target of $390.0.

Here are some recent targets:

• C.J. Muse from Cantor Fitzgerald set a target price of $410.0 on 06/29/2026
• Edward Yang from Oppenheimer set a target price of $450.0 on 06/22/2026
• Nazerke Baimukan from Freedom Broker set a target price of $370.0 on 06/17/2026
• Melissa Weathers from Deutsche Bank set a target price of $350.0 on 06/05/2026