Onto Innovation Raises Price Target to $275, Logs $267M Q4 Revenue
On February 20, B. Riley raised Onto Innovation’s price target to $275 from $240 and maintained its Buy rating following stronger Q1 2026 guidance. The company posted record Q4 2025 revenue of $267 million and FY 2025 sales of $1.005 billion, with 2.5D packaging sales doubling sequentially.
1. Analyst Price Target Increase
On February 20, B. Riley lifted its price objective on Onto Innovation to $275 from $240 and reaffirmed a Buy rating, citing stronger than expected guidance for the first quarter of 2026.
2. Q4 and Full-Year Results
Onto Innovation reported record quarterly revenue of $267 million for Q4 2025 and full-year sales of $1.005 billion, narrowly missing some estimates due to mixed performance across end markets.
3. Segment Performance
Advanced packaging and specialty devices generated approximately $145 million in Q4 2025 revenue—just over half of total sales—while the 2.5D packaging business saw revenues double sequentially from the prior quarter.
4. Outlook for 2026
Management expects healthy revenue growth and gross margin expansion through 2026, driven by increased AI investments and an anticipated up cycle in semiconductor capital equipment spending.