Onto Innovation is trading 12.84% up now at $303.60 after its August 6 earnings release delivered record $343.1 million revenue and $1.93 adjusted EPS, beating estimates.
- Management raised second-half 2026 revenue-growth expectations to 25% or more, versus 15% previously.
- Backlog surpassed $1.1 billion, reinforcing strong AI, advanced-packaging, HBM, and 2.5D logic demand.
- Morgan Stanley raised its price target to $383.