Onto Innovation Soars with Q1 Results, Partnerships, and Growth

Onto Innovations first quarter was a blockbuster, with $292M in revenue, beating guidance across the board. Advanced nodes and packaging led the charge, driven by AI compute demand. Gross margins hit 55.7%, operating margins 26.7%, and EPS landed at $1.42. The company raised its outlook, guiding Q2 revenue to $320-330M and full-year 2026 to $1.3B, with margins expanding. A significant development was acquiring a 27% stake in Rigaku, an X-ray tech leader, for $710M. This partnership provides licensing deals, joint metrology tools, dividends, and board access. Dragonfly G5 qualifications at key customers and growth in advanced packaging drove advanced nodes robust performance. Analysts predict strong demand in 2027, positioning Onto Innovation to outpace the competition. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/79bdd5a1f2996155