Onto Innovation Surpasses Revenue Forecasts Amid Tool Expansion

2025-08-08 companies

Wilmington, Friday, 8 August 2025.
Onto Innovation’s Q2 2025 results reveal a significant revenue surpass, driven by wide adoption of Dragonfly® 3Di metrology tools across leading tech industries.

Quarterly Financial Performance

Onto Innovation Inc. (NYSE: ONTO) announced its second-quarter financial results for 2025, marking a significant surpass in revenue over the forecast. The company’s revenue reached $253.6 million, an increase of 5% from the previous year, outpacing the expected $250.49 million [1]. This growth is attributed to the company’s strategic advancements in semiconductor technologies, particularly through its Dragonfly® 3Di metrology tools set, which have seen wide adoption across various tech sectors [2].

Expansion in Technology and Customer Base

A key factor in Onto Innovation’s financial success this quarter is the expanding market penetration of its cutting-edge Dragonfly® 3Di metrology tools. These tools have been deployed among more than ten customers in sectors such as semiconductor manufacturing and advanced optics. Michael Plisinski, CEO of Onto Innovation, emphasized this growth as critical in strengthening the company’s customer relationships and expanding its technology footprint [1][3].

Strategic Acquisitions and Future Outlook

Onto Innovation has also been active in strategic acquisitions to bolster its product line. In its pursuit to expand technological capabilities, the company announced the acquisition of product lines from Semilab International Zrt. for approximately $545 million, intended to add over $130 million to Onto’s annual revenue. This move is expected to be immediately accretive to both margins and EPS [4][5]. Looking forward, the company has set its Q3 2025 revenue expectation between $210 million and $225 million, with prospects of substantial growth by the end of 2025 as more tools are expected to ship and the new Dragonfly metrology systems are introduced [6].

Market Impact and Stock Performance

Despite a slight miss on earnings per share estimates with an EPS of $1.25 against a forecast of $1.27, the market responded favorably to Onto Innovation’s revenue achievements. The company’s stock witnessed a modest rise of 2.98% in after-hours trading, closing at $92.68. This stock performance reflects investor confidence in Onto Innovation’s strategic and technological advancements, alongside its acquisition endeavors [1][4].

Sources

financial results metrology tools