LIVE

ON

ON Semiconductor Corporation

ON

NASDAQ·Technology·Semiconductors·Mkt cap $37.1B

$91.22

-3.60%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$44.56 - $134.92

P/E

64.70

Fwd P/E

29.59

Beta

1.98

Div Yield

0.00%

Avg Vol

12.5M

Shares Out

391.9M

Mkt Cap

$37.1B

Price action

Price chart

Up 69.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Specialized semiconductor technology
  • Broad application portfolio
  • Strong focus on emerging tech markets
  • Advanced R&D capabilities

Bear Case

1 risk

  • Above-average volatility (beta 2.0).

Growth

Stable outlook

Electric vehicle electrification

Value

Undervalued - trading well below Analog & Mixed Signal peers

Momentum

Hot

+52.2% over 3m

Quality

Stable

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 3, 2026

Q2 26 RECAP

MAY 4, 2026

Reported EPS of $0.64 vs $0.61 consensus (+4.4% surprise). Revenue of $1.5B vs $1.5B expected (+1.7%). Beat on both top and bottom lines.

EPS beat +4.4%
Rev beat +1.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+4.4%

Next: Aug 3, 2026

Revenue trend · last 8Q

-15%

-22%

-15%

-12%

-11%

+5%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$1.7B

$1.8B

$1.7B

$1.4B

$1.5B

$1.6B

$1.5B

$1.5B

Margins · last 8Q

Gross

38.5%

Operating

-3.5%

Profit

-2.2%

Wall Street consensus

22 analysts · 45% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

10

45%

Hold

12

55%

Sell

0%

Median Price Target

$120.00

+31.6% vs $91.22

Low $95.00
Median $120.00
High $120.00

Latest: Cantor Fitzgerald · Jun 29, 2026

3 analysts covering

vs Industry

How ON stacks vs Semiconductors

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.