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WILMINGTON, Mass. - Onto Innovation Inc. (NYSE:ONTO) announced Monday it has completed its previously announced acquisition of key product lines from Semilab International's materials analysis business for approximately $495 million. According to InvestingPro data, Onto holds more cash than debt on its balance sheet, with a strong current ratio of 9.49, positioning the company well for this significant acquisition.
The transaction adds three advanced product lines—FAaST, CnCV, and MBIR—to Onto's portfolio, enhancing the company's capabilities in inline wafer contamination monitoring, materials characterization, and surface charge metrology.
"This acquisition strengthens our materials portfolio in high-growth segments like advanced logic, AI-enabling advanced packaging, and power semiconductors," said Mike Plisinski, chief executive officer of Onto Innovation, in a press release statement.
Onto Innovation has updated its fourth-quarter revenue guidance to between $258 million and $275 million, with the acquisition expected to contribute approximately $8 million to $10 million through January 3, 2026. Excluding purchase accounting impacts, the acquisition is expected to be immediately accretive to margins and add approximately $0.02 to $0.04 to diluted earnings per share in the fourth quarter.
The company expects the acquired product lines to contribute approximately $120 million in revenue in 2026, likely weighted toward the second half of the year.
Barclays Capital Inc. served as financial advisor and Simpson Thacher & Bartlett LLP as legal advisor to Onto Innovation for the transaction. Semilab was advised by Needham & Company, LLC and Hill, Ward & Henderson P.A.
Onto Innovation, headquartered in Wilmington, Massachusetts, provides process control solutions across the semiconductor value chain, including wafer quality assessment, 3D metrology, defect inspection, and factory analytics.
In other recent news, Onto Innovation Inc. reported its third-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.92, compared to the anticipated $0.89. Despite this positive earnings surprise, the company's revenue fell short of forecasts, recording $218.2 million against an expected $220.23 million. These earnings results highlight mixed performance, with better-than-expected EPS but a slight revenue miss. The company's financial results are crucial for investors, as they provide insight into Onto Innovation's current financial health. While the EPS beat suggests operational efficiency, the revenue shortfall may raise questions about sales performance. These recent developments are important for investors to consider when evaluating Onto Innovation's market position.
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