Onto Innovation (ONTO) Reports Third Quarter Earnings

Group 1 - Onto Innovation Inc. (NYSE:ONTO) has experienced a 23% decline in share price year-to-date despite positive trends in the semiconductor sector driven by AI [1] - The company reported third-quarter earnings of $218 million in revenue and $0.92 in earnings per share, falling short of analyst expectations of $220 million in revenue and $0.89 in earnings per share [2] - Onto Innovation is expanding its operations within the semiconductor supply chain and AI manufacturing, including the acquisition of Semilab's materials business and the introduction of its G6 metrology system targeting advanced chip fabrication technologies [3]