🟢 Onto Innovation is trading 14% up today after record Q2 results and raised outlook

Onto Innovation is trading at $304.01, up 14.35%, after record second-quarter results exceeded expectations and management raised its second-half 2026 outlook.

• Record Q2 revenue reached $343.1 million; adjusted EPS was $1.93, and backlog surpassed $1 billion on AI-related advanced packaging and inspection demand.
• Visibility extends into 2027.
• Morgan Stanley raised its price target to $383 while maintaining an Overweight rating.