Want to see ON full AI Analyst Report?
ON Stock Chart & Stats
$72.51
-$3.32(-3.68%)
At close: 4:00 PM EDT
$72.51
-$3.32(-3.68%)
Day’s Range― - ―
52-Week Range$44.56 - $134.92
Previous CloseN/A
Volume7.35M
Average Volume (3M)11.35M
Market Cap
$29.44B
Enterprise Value$37.75B
Total Cash (Recent Filing)$3.86B
Total Debt (Recent Filing)$4.48B
Price to Earnings (P/E)47.9
Beta1.82
Next Earnings
Nov 02, 2026EPS Estimate
0.88Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.58
Shares Outstanding389,311,700
10 Day Avg. Volume9,403,973
30 Day Avg. Volume11,351,840
Financial Highlights & Ratios
PEG Ratio-2.03
Price to Book (P/B)2.90
Price to Sales (P/S)3.71
P/FCF Ratio15.69
Enterprise Value/Market Cap1.28
Enterprise Value/Revenue6.09
Enterprise Value/Gross Profit16.27
Enterprise Value/Ebitda24.48
Forecast
1Y Price Target
$104.20Price Target Upside43.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering23
EPS Forecast (FY)3.2
Revenue Forecast (FY)$6.55B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationStrong free cash flow and cash conversion provide internal funding for investment, debt service, and shareholder returns. This financial flexibility can help onsemi sustain product development and capacity adjustments through changing semiconductor cycles without relying as heavily on external capital.
AI And Power Demand GrowthExposure to AI data-center power demand, energy-storage systems, and silicon-carbide applications gives onsemi several structural growth avenues. These markets can expand the company’s addressable opportunity and support stronger mix, utilization, and earnings growth over coming quarters.
Margin Expansion PotentialImproving fab utilization creates operating leverage because management estimates each one-point increase adds roughly 25–30 basis points to gross margin. Further utilization gains and sequential margin expansion could materially improve profitability as demand recovers.
Bears Say
Margins Below Prior PeaksAlthough profitability has recovered from the down-cycle, current margins remain materially below recent peak levels. This indicates that earnings power has not fully normalized and leaves results more exposed to product mix, utilization, and semiconductor-demand fluctuations.
Supply ConstraintsLonger lead times and non-fungible manufacturing capacity can limit onsemi’s ability to convert demand into near-term revenue across all end markets. Continued allocation decisions may strain customer relationships, delay automotive and industrial ramps, and restrict the pace of recovery.
Higher Leverage And Subdued ROELeverage has increased from prior years while return on equity remains subdued, reducing the balance sheet’s margin for error compared with the company’s stronger period. Higher debt can constrain capital allocation and make weaker earnings recovery more consequential for shareholders.
ON Semiconductor News
ON FAQ
What was ON Semiconductor’s price range in the past 12 months?
ON Semiconductor lowest stock price was $44.56 and its highest was $134.92 in the past 12 months.
What is ON Semiconductor’s market cap?
ON Semiconductor’s market cap is $29.44B.
When is ON Semiconductor’s upcoming earnings report date?
ON Semiconductor’s upcoming earnings report date is Nov 02, 2026 which is in 4 days.
How were ON Semiconductor’s earnings last quarter?
ON Semiconductor released its earnings results on Aug 03, 2026. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.715 by $0.025.
Is ON Semiconductor overvalued?
According to Wall Street analysts ON Semiconductor’s price is currently Undervalued.
Does ON Semiconductor pay dividends?
ON Semiconductor does not currently pay dividends.
What is ON Semiconductor’s EPS estimate?
ON Semiconductor’s EPS estimate is 0.88.
How many shares outstanding does ON Semiconductor have?
ON Semiconductor has 389,311,700 shares outstanding.
What happened to ON Semiconductor’s price movement after its last earnings report?
ON Semiconductor reported an EPS of $0.74 in its last earnings report, beating expectations of $0.715. Following the earnings report the stock price went up 0.473%.
Which hedge fund is a major shareholder of ON Semiconductor?
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
Underperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$104.20 (43.70% Upside)
$104.20 (43.70% Upside)
Blogger Sentiment
Bullish
ON Sentiment 86%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 9.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.5%
Last 30 Days ▲ 1.2%
Last 30 Days ▲ 1.2%
News Sentiment
Bullish
Bullish news 67%
Bearish news 33%
Bearish news 33%
Technicals
SMA
Negative
20 days / 200 days
Momentum
46.00%
12-Months-Change
Fundamentals
Return on Equity
8.38%
Trailing 12-Months
Asset Growth
2.73%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
ON Semiconductor
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
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: revenue growth, meaningful margin expansion, robust free cash flow, upgraded AI data center outlook (now expected to more than double in 2026), and multiple product and design wins (silicon carbide, high-voltage, ESS, Treo). Management provided constructive Q3 guidance (revenue $1.65B–$1.75B, non-GAAP gross margin 40%–42%, non-GAAP EPS $0.81–$0.93) and highlighted strategic moves (Synaptics acquisition, Fab Right divestitures) that support long-term profitability. Headwinds include input cost inflation, extended lead times and selective supply constraints that required short-term prioritization of AI shipments over automotive/industrial, along with ongoing restructuring impacts. Overall, positives are numerous and sizable, and the company appears positioned to sustain margin and cash-flow improvements while managing near-term supply and cost pressures.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
$104.20
▲(43.70% Upside)
Technical Analysis
Analog Devices
―
Microchip
―
NXP Semiconductors
―
STMicroelectronics
―
Texas Instruments
―
Ownership Overview
0.50% Insiders
35.00% Mutual Funds
2.35% Other Institutional Investors
25.01% Public Companies and Individual Investors