ON Semiconductor Corporation (ON)
NASDAQ:ON
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ON Stock Chart & Stats
$83.01
-$3.74(-5.96%)
At close: 4:00 PM EST
$83.01
-$3.74(-5.96%)
Day’s Range― - ―
52-Week Range$44.56 - $134.92
Previous CloseN/A
Volume4.36M
Average Volume (3M)12.78M
Market Cap
$45.85B
Enterprise Value$48.27B
Total Cash (Recent Filing)$2.40B
Total Debt (Recent Filing)$3.01B
Price to Earnings (P/E)80.4
Beta1.73
Next Earnings
Aug 03, 2026EPS Estimate
0.71Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.41
Shares Outstanding391,903,200
10 Day Avg. Volume12,045,919
30 Day Avg. Volume12,780,573
Financial Highlights & Ratios
PEG Ratio-2.00
Price to Book (P/B)2.90
Price to Sales (P/S)3.71
P/FCF Ratio15.69
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue7.96
Enterprise Value/Gross Profit21.39
Enterprise Value/Ebitda39.69
Forecast
1Y Price Target
$108.73Price Target Upside30.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering24
EPS Forecast (FY)3.09
Revenue Forecast (FY)$6.46B
Bulls Say, Bears Say
Bulls Say
Strong Liquidity & Cash Generationonsemi generates cash well above accounting earnings (TTM operating cash flow and FCF exceed net income) and entered Q2 with roughly $2.44B cash and ~$3.9B total liquidity. That cash cushion funds capex, share repurchases, and debt actions, giving multi-quarter financial flexibility through cyclicality and supporting durable investment in strategic growth areas without immediate reliance on volatile external funding.
Secular Demand: AI, Treo, GaN/SiCThe company is exposed to enduring structural markets: accelerating AI data-center demand, a rapid Treo platform ramp across automotive/industrial/AI, and a large GaN/SiC design funnel. These end-markets feature long design cycles and higher content per system, which supports sustained revenue after design wins and underpins multi-quarter growth visibility and higher-margin mix compared with commodity product lines.
Improving Margins & Operating LeverageManagement reports consecutive gross-margin improvement and expects further expansion through 2026, driven by mix shifts toward Treo and power solutions with higher content intensity. Combined with modest capex intensity and rising utilization (77%), the structural move into higher-margin platforms and components supports sustainable margin improvement and improved operating leverage over multiple quarters.
Bears Say
Planned Non-core Revenue ExitsManagement's decision to exit roughly $300M of non-core revenue is a structural reduction to the company's addressable near-term revenue base. While exits can improve focus and margins, they remove scale and make comparable growth rates harder to achieve, reducing near-term top-line robustness and potentially weakening operating leverage until higher-value wins fully offset the removed revenue.
Elevated Inventory And Working CapitalHigh inventory days tie up cash and raise obsolescence and margin-mix risks in a cyclical semiconductor market. Management's plan to run down 75 days of strategic stock over roughly two years implies a prolonged working-capital drag, limiting free-cash-flow upside near term and adding forecasting uncertainty for margins and liquidity until the inventory reduction completes.
Convertible Notes Add Dilution/structure RiskThe large zero‑coupon convertible issuance provides low-cost capital and funding flexibility but creates potential future dilution if conversion triggers are met. Accompanying hedges and warrants add capital-structure complexity and may affect earnings per share and shareholder economics over the multi-year life of the instruments, constraining long-term clarity on share count and returns unless managed conservatively.
ON Semiconductor News
ON FAQ
What was ON Semiconductor Corporation’s price range in the past 12 months?
ON Semiconductor Corporation lowest stock price was $44.56 and its highest was $134.92 in the past 12 months.
What is ON Semiconductor Corporation’s market cap?
ON Semiconductor Corporation’s market cap is $45.85B.
When is ON Semiconductor Corporation’s upcoming earnings report date?
ON Semiconductor Corporation’s upcoming earnings report date is Aug 03, 2026 which is in 54 days.
How were ON Semiconductor Corporation’s earnings last quarter?
ON Semiconductor Corporation released its earnings results on May 04, 2026. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.613 by $0.027.
Is ON Semiconductor Corporation overvalued?
According to Wall Street analysts ON Semiconductor Corporation’s price is currently Undervalued.
Does ON Semiconductor Corporation pay dividends?
ON Semiconductor Corporation does not currently pay dividends.
What is ON Semiconductor Corporation’s EPS estimate?
ON Semiconductor Corporation’s EPS estimate is 0.71.
How many shares outstanding does ON Semiconductor Corporation have?
ON Semiconductor Corporation has 391,903,200 shares outstanding.
What happened to ON Semiconductor Corporation’s price movement after its last earnings report?
ON Semiconductor Corporation reported an EPS of $0.64 in its last earnings report, beating expectations of $0.613. Following the earnings report the stock price went up 0.617%.
Which hedge fund is a major shareholder of ON Semiconductor Corporation?
Currently, no hedge funds are holding shares in ON
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
ON Semiconductor Stock Smart Score
Outperform
1
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5
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$108.73 (30.98% Upside)
$108.73 (30.98% Upside)
Blogger Sentiment
Bullish
ON Sentiment 91%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 264.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $6.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 11.0%
Last 30 Days ▲ 11.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
140.98%
12-Months-Change
Fundamentals
Return on Equity
7.45%
Trailing 12-Months
Asset Growth
-9.38%
Trailing 12-Months
Company Description
ON Semiconductor Corporation
ON Semiconductor Corporation provides intelligent sensing and power solutions worldwide. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems. The company operates through three segments the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group segments. It offers analog, discrete, module, and integrated semiconductor products that perform multiple application functions, including power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions. The company also designs and develops analog, mixed-signal, advanced logic, application specific standard product and ASICs, radio frequency, and integrated power solutions for end-users in end-markets, as well as provides foundry and design services for government customers. In addition, it develops complementary metal oxide semiconductor image sensors, image signal processors, and single photon detectors, including silicon photomultipliers and single photon avalanche diode arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in various end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Phoenix, Arizona.
ON Company Deck
ON Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlights a clear inflection with accelerating AI data center revenue (>30% QoQ; expected to double YoY in 2026), a strong Treo ramp (2.5x sequential growth), continued gross margin expansion to 38.5%, solid liquidity and aggressive shareholder returns. Offsetting these positives are one-time and GAAP-level restructuring charges, planned non-core exits (~$300M annualized), mixed unit-level performance (AMG and ISG declines QoQ), elevated inventory days, and near-term input-cost pressure and lead-time dynamics. Overall, the company presented multiple secular growth drivers (AI, Treo, GaN/SiC, energy storage) and improving operating leverage that outweigh the listed near-term challenges.View all ON earnings summariesON Revenue Breakdown
46.79% Power Solutions Group
37.73% Analog and Mixed-Signal Group
15.49% Intelligent Sensing Group
ON Stock 12 Month Forecast
Average Price Target
$108.73
▲(30.98% Upside)
Technical Analysis
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Ownership Overview
0.51% Insiders
39.56% Mutual Funds
15.62% Other Institutional Investors
9.93% Public Companies and Individual Investors