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Onto Innovation shared its Q3 results, showing sales of $410 million, up 19% from last quarter.

ResultsRead the original at Benzinga
Good for ONTO

Onto's Q3 sales, margins and per-share profit beat the top of its own expectations, and its backlog grew 20% to more than $1.3 billion. Chip constraints remain, but rising sales expectations and customer commitments point to stronger business.

ONTO · Onto Innovation

AI read · Good for ONTO

The AI's read

The larger backlog and multi-year customer agreements give Onto a clearer view of demand into 2027 and 2028. Management also expects Dragonfly G5 sales to double in 2027. Chip constraints remain a concern. Still, Onto expects sales to keep rising through at least the first half of 2027, suggesting those limits have not erased customer demand.

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