🟢 Onto Innovation is trading 5% up today after earnings beat and raised outlook

Onto Innovation is trading 5.18% up now at $306.45 after investors continued rewarding its August 6 earnings beat and stronger outlook.

• Second-quarter EPS reached $1.93; revenue rose 35.3% year over year to $343.1 million, and backlog surpassed $1.1 billion.
• Management raised second-half growth expectations, supported by AI-related advanced-packaging demand and Dragonfly G5 orders.
• The broader market is mixed, making company-specific earnings momentum the clearest explanation for the move.