Onto Innovation Inc. (ONTO) Presents at Citi's 2026 Global TMT Conference Transcript

SA Transcripts 162.15K Followers Follow Onto Innovation Inc. ( ONTO ) Citi's 2026 Global TMT Conference September 9, 2026 3:55 PM EDT Company Participants Michael Plisinski - CEO & Director Brian Roberts - Chief Financial Officer Conference Call Participants Yiling Sun - Citigroup Inc., Research Division Presentation Yiling Sun Citigroup Inc., Research Division [Audio Gap] everyone. Welcome to Day 2 of Citi Global TMT Conference. My name is Elizabeth Sun. I'm here in Citi's research covering semi and semicap team. It's my pleasure to welcome the Onto team here. We have the CEO, Mike Plisinski and then we have the CFO, Brian Roberts. Welcome both. Michael Plisinski CEO & Director Thank you. Question-and-Answer Session Yiling Sun Citigroup Inc., Research Division So let's start with market overview. Mike, when we were here last year at this time, the WFE outlook was more, say, uncertain, maybe slight growth. And there were some -- or a lot of investor concerns about some share dynamics at that time. Today, the WFE cycle looks considerably stronger and Onto I think is growing faster than the market. So if we start at a high level, what has changed over the past year, both in the breadth and durability of the WFE cycle and also some of the share dynamics for Onto? Michael Plisinski CEO & Director So I think a few things. First, the markets for sure have been strong. Customers are confident. They're spending money. They're giving us better visibility. They're sharing multiyear expansion plans with us. So that's good. And then behind that, we had several new products. The Dragonfly G5 came out and really did an outstanding job in the beginning of the year, gave customers confidence in the ongoing technology portfolio that we have for inspection, which help them drive or basically give us more share. In addition, we had the