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)13.00M
Market Cap
$49.34B
Enterprise Value$45.26B
Total Cash (Recent Filing)$2.40B
Total Debt (Recent Filing)$3.01B
Price to Earnings (P/E)81.2
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. Volume12,346,659
30 Day Avg. Volume12,996,934
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 Cap0.92
Enterprise Value/Revenue7.46
Enterprise Value/Gross Profit20.06
Enterprise Value/Ebitda37.21
Forecast
1Y Price Target
$109.64Price Target Upside32.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering24
EPS Forecast (FY)3.09
Revenue Forecast (FY)$6.47B
Bulls Say, Bears Say
Bulls Say
Cash Generation And LiquidityConsistent TTM cash conversion where operating cash flow and free cash flow exceed net income provides durable internal funding. This strengthens the company’s ability to fund low-capex growth, repurchase shares, pay down debt, and absorb cyclical downturns without relying on volatile external financing.
AI Data-center Revenue AccelerationRapid, multi-quarter AI revenue growth indicates structural demand for onsemi’s power and sensing products in data centers. A doubling of AI revenue YoY embeds a multi-year growth runway, drives higher utilization, and supports sustainable margin expansion as higher-value products scale into long product life cycles.
Treo Platform Ramp And High MarginsA rapid Treo platform ramp with very high gross margins and cross-market adoption (automotive, industrial, AI) creates a durable high-margin revenue stream. Platform-based wins typically translate to multi-year volumes and stickier customer relationships, improving long-term operating leverage and profitability.
Bears Say
Planned Non-core Revenue ExitsA structural $300M annualized exit reduces comparable revenue and shrinks the addressable base, creating a recurring growth headwind. Removing non-core lines can improve focus but also lowers scale and makes future growth targets harder to achieve without offsetting organic or acquisition-driven expansion.
Elevated Inventory And Working CapitalHigh inventory days tie up capital and raise obsolescence risk in cyclical end markets. Management plans to deplete strategic inventory over two years, but elevated stock levels materially pressure free cash flow conversion, working-capital efficiency, and margin recovery until depletion is complete.
Convertible Notes And Capital-structure ComplexityLarge 0% convertibles and associated hedges/warrants provide near-term liquidity but embed future conversion-linked dilution and structural complexity. Conditional conversion triggers and equity-linked hedges can constrain EPS accretion, complicate capital allocation, and create variable future funding costs if equity performs strongly.
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 $49.34B.
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 46 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
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$109.64 (32.08% Upside)
$109.64 (32.08% Upside)
Blogger Sentiment
Bullish
ON Sentiment 70%
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 ▲ 1.1%
Last 30 Days ▲ 7.7%
Last 30 Days ▲ 7.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
119.46%
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 operates as a global provider of sophisticated power and sensing solutions. Their cutting-edge power innovations are pivotal in modernizing various sectors: they contribute to the development of lighter, extended-range electric vehicles, underpin rapid-charging infrastructure, and bolster sustainable energy initiatives for applications such as solar arrays, industrial power systems, and energy storage. The company's operations are structured into three main divisions: the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group. ON Semiconductor offers a broad array of semiconductor products, including analog components, discrete devices, modules, and integrated circuits. These products are designed to perform numerous critical functions, such as power switching, energy conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation. Beyond these standard offerings, the firm also designs and develops specialized analog, mixed-signal, advanced logic, application-specific integrated circuits (ASICs) and standard products, radio frequency (RF) components, and integrated power management solutions, catering to a diverse range of end-market consumers. Furthermore, it provides foundry and design services specifically for government clients. The company's portfolio also encompasses advanced imaging technologies. This includes the creation of complementary metal-oxide-semiconductor (CMOS) image sensors, sophisticated image signal processors, and single photon detectors like silicon photomultipliers (SiPMs) and single-photon avalanche diode (SPAD) arrays. Additionally, ON Semiconductor produces actuator drivers essential for autofocus and image stabilization, serving a wide spectrum of end-users across numerous industries. Established in 1992, ON Semiconductor Corporation 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
$109.64
▲(32.08% Upside)
Technical Analysis
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Ownership Overview
0.49% Insiders
39.56% Mutual Funds
15.62% Other Institutional Investors
9.54% Public Companies and Individual Investors