Onto Innovation Posts Record $267M Q4 Revenue, Guides Q1 EPS $1.26–1.36
Onto Innovation reported Q4 revenue of $267 million, up 22% sequentially, with adjusted EPS of $1.26, missing analyst expectations. It projects Q1 EPS of $1.26-1.36 per share, expects advanced packaging revenue growth exceeding 30% in 2026 and has secured a $240 million two-year VPA for HBM.
1. Q4 Financial Results
Onto Innovation delivered record fourth-quarter revenue of $267 million, up 22% sequentially, and reported adjusted EPS of $1.26, slightly below analyst expectations. Net income reached $10.5 million, reflecting strong top-line growth.
2. Q1 2026 Guidance
The company forecasts first-quarter EPS between $1.26 and $1.36 per share and expects revenue of $275 million to $285 million, indicating sustained growth into early fiscal 2026. This guidance positions the company for continued momentum.
3. Advanced Packaging Outlook
Advanced packaging revenue is projected to exceed 30% growth in 2026, driven by increased demand from large device manufacturers and potential upside from G5 technology ramps later in the year. Uncertainty remains around advanced nodes timing.
4. VPA Agreement and Capacity
Onto secured a two-year, $240 million variable purchase agreement for HBM packaging and expanded capacity to support a $2 billion annual run rate as backlog and lead times increase. Precision optics supply chain measures have been enhanced to meet order growth.