KLAC · News · 20261009N

Competition and Market Share

KLA CORP · 2026-10-09 · Importance 51 · Surprise 64

Onto Innovation reported a backlog of $1.1 billion, approximately double its prior level, driven by customer orders for advanced semiconductor packaging and process-control solutions. The company expects to deliver 60%–70% of the backlog in late 2026, with the remainder extending into 2027, indicating sustained demand tied to AI infrastructure spending. Onto competes with KLA Corporation and Applied Materials, while its Dragonfly inspection and silicon-photonics offerings support its competitive positioning.

Key facts

• Monument Capital Management reduced its stake in KLA Corporation by 75.5% in the third quarter. source
• GAMMA Investing LLC boosted its holdings in KLA Corporation by 8.4% in the third quarter and owned 40,495 shares after buying an additional 3,132 shares during the period. source
• Institutions collectively owned 86.65% of KLA's shares. source
• Analysts maintain a "Moderate Buy" rating on KLA with an average price target of $221.26. source
• The article identifies KLA Corporation as "strong competition" to Onto Innovation Inc. source