Onto Innovation Posts Strong Q1 2026 Growth, Announces Rigaku Stake
Event summary
- Onto Innovation reported Q1 2026 revenue of $292M, up 9.5% YoY and 10% sequentially.
- Dragonfly® G5 system qualified at leading 2.5D logic and high-bandwidth memory customers.
- Atlas® G6 system selected by a second logic customer, driving 13% growth in advanced nodes.
- Onto to acquire 27% stake in Rigaku for $710M, with transaction expected to close in H2 2026.
The big picture
Onto Innovation's strong Q1 2026 results highlight its strategic focus on advanced semiconductor process control. The Rigaku acquisition and continued adoption of its Atlas® G6 and Dragonfly® G5 systems position the company to capitalize on the growing demand for next-generation logic and memory devices. The $710M deal underscores Onto's commitment to expanding its technology portfolio and strengthening its market position in the semiconductor industry.
What we're watching
- Integration Challenges
- How Onto will integrate Rigaku's portfolio and realize synergies.
- Customer Adoption
- The pace at which advanced nodes business grows by 25% for the full year.
- Market Positioning
- Whether Onto can sustain its leadership in process control amid competition.
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