Analysts expect Onto Innovation to report Q2 2026 consensus revenue of $325.3 million and EPS of $1.68, with the current $268.49 stock price trading below the $339.60 average analyst target.
The central focus for investors is the shipment ramp of the Dragonfly® G5 inspection platform following its recent qualification for TSMC's 2.5D advanced packaging processes.
Revenue growth is being propelled by a surge in demand for High-Bandwidth Memory (HBM) and AI-driven node expansions, supported by a $240 million volume purchase agreement. Investors will look for confirmation that these advanced packaging tailwinds are translating into sustained gross margin expansion as the company integrates its recent Rigaku and Semilab strategic investments.