Onto Innovation (ONTO) Declines More Than Market: Some Information for Investors

Onto Innovation declined 3.85% on October 8, 2026, underperforming the S&P 500's 0.47% loss. Despite the daily decline, the stock gained 9.34% over the past month. The company is expected to report strong earnings growth of 146.74% YoY with revenue projected at $390.66 million (79.05% increase). Onto Innovation holds a Zacks Rank #2 (Buy) with a Forward P/E of 37.86 and PEG ratio of 1.