Onto Innovation Reports Strong Q3 2026 Results Driven by Advanced Packaging Demand
Onto Innovation (ONTO) delivered a robust third quarter for fiscal year 2026, reporting revenue of $409.7 million, an 87.8% increase driven primarily by the high adoption of Dragonfly and Atlas G6 systems. The company's financial performance exceeded previous guidance, with non-GAAP EPS reaching $2.44 and a significant expansion in operating margins to 32.6%. A record backlog of $1.3 billion provides strong visibility into future revenue streams for 2027 and 2028. Growth is being fueled by the advanced packaging sector, which is expected to exceed 80% growth for the full year, alongside significant momentum in 3D metrology and power/silicon photonics. Despite some anticipated deceleration in the advanced nodes segment for Q4, management issued optimistic guidance for the upcoming quarter.
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