Onto Innovation (ONTO) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $1.93
- Estimate
- $1.69
- Surprise
- +14.2%
- Revenue (period 2026-06-30)
- $343.1M
- Score at report (before → after)
- 5.0 → 5.1/10
Revenue source: xbrl.
How the report landed
Onto Innovation (ONTO) beat the $1.69 estimate with adjusted EPS of $1.93 — a large 14.2% upside surprise. TrendMatrix's engine moved from Sell (5.0/10) to Hold at 5.1/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ONTO Buy (Wait) at 6.3/10.
2 of the last 4 quarters beat the estimate; this quarter's +14.2% surprise compares with a +5.0% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- Positive news sentiment (+0.67)
- Strong growth profile
What argues against it
- Concentration risk — Supplier: sole source or single source suppliers
- Sector modifier (Technology): -0.8
- News modifier +1: HOLD_IF_HOLDING → STRONG_BUY_WAIT
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $279.73
- Entry target
- $281.77
- Price target
- $336.14
- Stop
- $251.95
- Upside to target
- +20.2%
- Reward-to-risk
- 1.4:1
The stock trades at 106.5× trailing but 24.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
ONTO at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Semiconductor Equipment & Materials
- Market cap
- $17.26B
- P/E (fwd)
- 24.0
- P/E (ttm)
- 106.5
- 52-week range
- $118.97–$386.46
- Off 52-week high
- 27.6%
- RSI (14)
- 60
- Volume vs avg
- 0.51×
- Score today
- 6.3/10