ON Semiconductor is emerging from a deep cyclical trough, with revenue stabilizing and margins recovering from the 2025Q1 nadir. The company's strategic focus on silicon carbide and automotive electrification positions it for long-term growth, but near-term ri...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue is stabilizing with 9.2% sequential growth in 2026Q2, but gross margin remains compressed at 38.4%, down 740 bps from 2024Q1's 45.8%, reflecting underutilization and a shift to lower-margin products.
ON Semiconductor's stock has risen 53% since being picked as a top stock for 2026 and 31% year-to-date, indicating strong investor confidence.
The company reported Q4 2025 EPS of $0.64, beating estimates of $0.62 by 3.23%, demonstrating financial outperformance.
ON Semiconductor is well-positioned in EV and energy markets, with potential for recovery and growth by late 2025.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 3, 2026 | $0.74+3.5% vs $0.71 | $1.6B+0.9% vs $1.6B |
Q2 2026 May 4, 2026 | $0.64+4.9% vs $0.61 | $1.5B+1.7% vs $1.5B |
Q1 2026 Feb 9, 2026 | $0.64+2.6% vs $0.62 | $1.5B-0.4% vs $1.5B |
Q4 2025 Nov 3, 2025 | $0.63+6.8% vs $0.59 | $1.6B+2.2% vs $1.5B |
ON Semiconductor shed nearly half its value in three months while its peers barely flinched, yet one Wall Street analyst just doubled down with the most aggressive price target on the Street.
ON Semiconductor scheduled an investor day to make its case to Wall Street and watched its stock sink 9% through the presentation.
onsemi NASDAQ: ON outlined a strategy centered on power-density technologies for artificial intelligence data centers, electric vehicles, industrial systems and “Physical AI,” while setting long-term revenue, margin and free-cash-flow targets through 2030.
SCOTTSDALE, Ariz., Sept. 16, 2026 (GLOBE NEWSWIRE) -- onsemi (NASDAQ: ON) today outlined its long-term growth strategy to lead one of the largest and most consequential technology shifts of the next decade by solving the growing power constraints limiting the advancement of AI, electrification and automation.
Benchmark ON against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for ON Semiconductor Corporation (ON)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $73.60 | $28.64B | 253.79 | -15.35% | 2.02% | 1.47% | — | |
| $53.41 | $47.67B | 296.72 | -10.8% | 3.55% | 2.56% | — | |
| $27.99 | $14.5B | -0.82 | -6.14% | -159.3% | -282.74% | — | |
| $95.94 | $4.41B | 67.09 | 13.04% | 5.27% | 4.38% | — | |
| $1380.62 | $67.83B | 108.28 | 26.43% | 24.41% | 21.78% | — | |
| $51.46 | $2.87B | 131.95 | 5.85% | 5.58% | 3.72% | — |
ON Semiconductor Corporation (ON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
ON Semiconductor Corporation (ON) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 3, 2026·SEC
Jun 25, 2026·SEC
May 18, 2026·SEC
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ON Semiconductor Corporation (ON) stock FAQ — growth, dividends, profitability & financials explained
ON Semiconductor Corporation (ON) reported $6.20B in revenue for fiscal year 2025. This represents a 199% increase from $2.07B in 2000.
ON Semiconductor Corporation (ON) saw revenue decline by 15.3% over the past year.
Yes, ON Semiconductor Corporation (ON) is profitable, generating $630.2M in net income for fiscal year 2025 (2.0% net margin).
ON Semiconductor Corporation (ON) has a return on equity (ROE) of 1.5%. This is below average, suggesting room for improvement.
ON Semiconductor Corporation (ON) generated $1.77B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
