Onto Innovation stock gained 4.09 percent as Q2 revenue rose 35.3 percent

Published on 10/04/2026 at 18:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Onto Innovation stock received RBC's Outperform rating and USD 400 target on October 2, 2026. Q2 revenue reached USD 343.13 million, up 35.3 percent year over year.

ONTO, US6833441057, Illustration mit AI erstellt.

Onto Innovation (ISIN US6833441057) closed at USD 327.77 on the NYSE on October 2, 2026, gaining 4.09 percent from USD 314.88. The move followed renewed analyst attention, while the company's Q2 2026 figures showed revenue of USD 343.13 million, up 35.3 percent year over year.

Q2 revenue sets the pace

According to MarketBeat, Onto reported quarterly EPS of USD 1.93 against consensus of USD 1.69 for Q2 2026, a USD 0.24 beat. Revenue also exceeded the USD 325.29 million consensus estimate, while the prior-year quarter produced EPS of USD 1.25.

Onto Innovation lists Q2 2026 GAAP gross margin at 53 percent and balance-sheet cash at USD 1.882 billion. The combination of revenue growth and cash resources gives the recent share move a measurable operating base rather than a price-only explanation.

RBC sets USD 400 target

RBC Capital initiated coverage on October 2, 2026, with an Outperform rating and a USD 400 price target, according to Investing.com. The research highlighted Onto's exposure to advanced packaging, including the Dragonfly G5 platform and silicon photonics opportunities.

The target stands 22.04 percent above the October 2 closing price. RBC also pointed to a valuation of 27 times calendar-year 2027 earnings estimates, making future execution and the adoption of advanced packaging tools central to the investment case.

Consensus remains above the stock

According to MarketBeat, 13 analysts give Onto a consensus Buy rating and an average price target of USD 380. That target is 15.94 percent above the October 2 close, leaving the consensus level below RBC's USD 400 target but above the market price.

For investors, the key tension is visible in the spread between operating performance and valuation expectations. Q3 2026 guidance calls for EPS of USD 2.18 to USD 2.38, so the next reported period will test whether the Q2 growth rate can carry into the second half.

Stock closes below yearly high

Onto stock ended the October 2 session at USD 327.77 on the NYSE, with volume of 1,007,378 shares and a market capitalization of USD 16.3 billion. The price remained below the 52-week high of USD 386.46 and above the 52-week low of USD 118.97.