Brief: Onto Innovation Q2 Adjusted EPS USD 1.25 Vs. IBES Estimate USD 1.27

Onto Innovation

07/08/2025 21:22

Overview

Onto Innovation Q2 revenue rises 5% yr/yr, beating analyst expectations

Adjusted EPS of $1.25 missed analyst estimates, per LSEG data

Company had acquired Semilab product lines for $545 mln

Outlook

Onto Innovation expects Q3 revenue between $210 mln and $225 mln

Company forecasts Q3 gross margin of 53% to 55%

Onto Innovation anticipates Q3 non-GAAP EPS of $0.75 to $0.95

Company sees Q3 as low revenue point, expects Q4 rebound

Result Drivers

DRAGONFLY EXPANSION - Expanded Dragonfly 3Di metrology footprint with shipments to over 10 customers for various applications

DEFECT INSPECTION ADOPTION - Strong adoption of sub-surface defect inspection with over 20 Dragonfly systems shipped for AI packaging

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$253.60 mln
$252.30 mln (7 Analysts)
Q2 Adjusted EPS
Miss
$1.25
$1.27 (7 Analysts)
Q2 EPS
$0.69
Q2 Net Income
$33.91 mln
Q2 Gross Margin
48.2%
Q2 Operating Income
$32.25 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

Wall Street's median 12-month price target for Onto Innovation Inc is $140.00, about 35.7% above its August 6 closing price of $90.00

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBwbnc9R0a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)