ONTO Stock Recent News

ONTO's performance benefits from strong demand for its Dragonfly inspection system.

Onto Innovation is benefiting from the AI semiconductor boom, with high demand for high-bandwidth memory and advanced packaging products. Strong growth is expected in 2024 and 2025, with minimal China revenue compared to competitors, leading to continued share gains. Q2 results show continued sales improvement, with new business signed into 2025 and margins expected to improve, despite concerns over the Intel guidance cut.

Onto Innovation's ONTO shares have been performing well on the trading front, with a gain of 30.3% year to date compared with the S&P 500 composite's and sub-industry's growth of 14.1% and 28.5%, respectively. Solid financial performance has been aiding the stock's trajectory.

Onto Innovation's (ONTO) Q2 performance gains from higher demand for its solutions (especially the Dragonfly platform) amid continued strength in the advanced packaging vertical.

Onto Innovation Inc. (NYSE:ONTO ) Q2 2024 Earnings Call Transcript August 8, 2024 4:30 PM ET Company Participants Sidney Ho - IR Michael Plisinski - CEO Mark Slicer - CFO Conference Call Participants Brian Chin - Stifel Vedvati Shrotre - Evercore David Duley - Steelhead Securities Charles Shi - Needham Mark Miller - The Benchmark Company Blayne Curtis - Jefferies Operator Good day, and welcome to the Onto Innovation Second Quarter Earnings Release Conference Call. Today's conference is being recorded.

Onto Innovation (ONTO) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.79 per share a year ago.

Onto Innovation's (ONTO) Q2 performance is expected to have benefited from its Dragonfly inspection system.

In the latest trading session, Onto Innovation (ONTO) closed at $189.08, marking a +0.15% move from the previous day.

Onto Innovation (ONTO) reachead $211.91 at the closing of the latest trading day, reflecting a +1.6% change compared to its last close.

WILMINGTON, Mass.--(BUSINESS WIRE)--Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation”, “Onto”, or the “Company”) today announced Dr. Stephen Schwartz has joined its board of directors. With over 25 years of leadership experience in high technology companies, Dr. Stephen Schwartz brings a strong background in technical leadership to Onto Innovation's board of directors. He currently serves as president and chief executive officer of Azenta, Inc., formerly Brooks Automation, Inc., since Octobe.