Onto Innovation (ONTO) Q3 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 · Editorial policy
Key numbers
- Adjusted EPS
- $2.44
- Estimate
- $2.32
- Surprise
- +5.3%
- Revenue (period 2026-09-30)
- $409.7M
- Score at report (before → after)
- 6.5 → 6.6/10
Revenue source: xbrl.
How the report landed
Onto Innovation (ONTO) beat the $2.32 estimate with adjusted EPS of $2.44 — a clear 5.3% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.5/10) to Hold at 6.6/10 after the report.
Coverage in the report window
- Onto Innovation Analysts Lower Their Forecasts After Q3 Results — benzinga, 2026-11-10
Where TrendMatrix's rating stands now
TrendMatrix currently rates ONTO Hold at 6.6/10.
2 of the last 4 quarters beat the estimate; this quarter's +5.3% surprise compares with a +4.9% four-quarter average.
What supports the rating
- Strong growth profile
- Positive insider activity
What argues against it
- Concentration risk — Supplier: sole source or single source suppliers
- Sector modifier (Technology): -0.8
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
- $196.26
- Price target
- $333.50
- Stop
- $182.52
- Upside to target
- +69.9%
- Reward-to-risk
- 4.7:1
The stock trades at 72.9× trailing but 16.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-10 — 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
- $9.52B
- P/E (fwd)
- 16.3
- P/E (ttm)
- 72.9
- 52-week range
- $121.58–$386.46
- Off 52-week high
- 49.2%
- RSI (14)
- 43
- Volume vs avg
- 0.87×
- Score today
- 6.6/10