Onto Innovation (ONTO) Q1 FY26 earnings call

Onto Innovation delivered a strong Q1 FY26, exceeding revenue and margin expectations, driven by robust demand for AI compute across advanced nodes and packaging. The company's strategic partnership with Rigaku expands its metrology capabilities, while new product adoptions like Dragonfly G5 and Atlas G6 are gaining traction. Management anticipates continued momentum, with significant revenue growth and margin expansion expected throughout 2026 and into 2027, despite some material cost headwinds.