• Onto Innovation Inc is trading 6.4% up today at $339.17, extending a multi-day rally following its $1.3 billion convertible senior notes offering from last month.
  • The company today forecast over 30% revenue growth for 2026 to more than $1.3 billion, citing strong demand tied to artificial intelligence (AI) and advanced semiconductor technologies.
  • Investors are also refocusing on growth expectations and the attractive 50% conversion premium of the notes relative to its May 18 share price, despite initial dips on the financing news.