Onto Innovation posts record Q3 revenue and raises full‑year growth outlook
Onto Innovation reported third‑quarter 2026 revenue of $410 million, an 88% year‑over‑year increase, and adjusted earnings of $2.44 per share, beating analyst estimates. The company guided fourth‑quarter revenue to $430 million‑$450 million and expects full‑year revenue growth to exceed 45% YoY. Management highlighted a backlog now above $1.3 billion, cash of $1.25 billion, and improving margins.
Why it matters
The stronger‑than‑expected results and upbeat guidance lifted Onto Innovation’s shares more than 9% in after‑hours trading, indicating immediate upside for investors. The raised full‑year growth target and expanding backlog suggest continued revenue acceleration into 2027.
Key facts
- 1Q3 2026 revenue was $410 million, up 88% from $218.2 million a year earlier. investing.com
- 2Adjusted earnings per share for Q3 were $2.44, beating the $2.31 estimate by $0.13. investing.com
- 3The company guided Q4 2026 revenue to a range of $430 million‑$450 million. investing.com
- 4Full‑year 2026 revenue growth is expected to exceed 45% year‑over‑year. investing.com
- 5Backlog increased to more than $1.3 billion. investing.com
- 6Cash, cash equivalents and marketable securities at quarter‑end were $1.25 billion. investing.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.