Investopedia·1 day ago
The AI Trade Is Off to a Hot Start This Week as Chip, Memory Stocks SurgeThe AI trade is off to a strong start this week, with several chip and memory stocks among the biggest gainers in the S&P 500 and Nasdaq on Monday.
ON Semiconductor Corporation(ON)Earnings, Financials & Key Ratios
ON•NASDAQ
$91.10
314.1× P/E·Price updated Jul 7, 2026
AboutON 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.Show more
- Revenue$6B-15.3%
- EBITDA$1.43B-40.5%
- Net Income$121M-92.3%
- EPS (Diluted)0.29-92.0%
- Gross Margin32.29%-28.9%
- EBITDA Margin23.91%-29.7%
- Operating Margin12.47%-50.0%
- Net Margin2.02%-90.9%
- ROE1.47%-92.3%
ON Price & Volume
ON Semiconductor Corporation (ON) stock price & volume — 10-year historical chart
Loading chart...
Cyclical Headwinds Challenge ON Semiconductor Margin Stability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Adequate
Cash Flow:Deteriorating
Primary Risk:Cyclical Automotive Demand Exposure
Key Thesis Takeaways
- ON Semiconductor faces significant structural pressure as its integrated manufacturing model struggles with low fab utilization, evidenced by a decline in gross margins from 46.7% in 2023Q4 to 38.5% in 2026Q1.
- While the company maintains a robust liquidity position with a current ratio of 4.87, the persistent revenue contraction and negative operating margins of -3.5% suggest that the firm's 'Fab Right' strategy remains highly vulnerable to automotive and industrial demand volatility.
- Investors should monitor the sustainability of share repurchases, which totaled $372.6 million in 2026Q1 despite the company reporting a net loss of $33.4 million.
Verdict Logic
the company's operating cash flow to net income ratio of -7.16 in 2026Q1 indicates a concerning disconnect between accounting profitability and actual cash generation that warrants caution.
ON Growth Metrics
ON Semiconductor Corporation (ON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.54%
5 Years2.67%
3 Years-10.37%
TTM-9.04%
Profit CAGR
10 Years-5.19%
5 Years-12.37%
3 Years-60.08%
TTM-9.47%
EPS CAGR
10 Years-4.91%
5 Years-12.33%
3 Years-59.14%
TTM-2.08%
Return on Capital
10 Years13.79%
5 Years17.73%
3 Years15.11%
Last Year6.23%
ON Recent Earnings
ON Semiconductor Corporation (ON) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$0.64+4.4%
$0.61
Rev
$1.5B+1.7%
$1.5B
Q1 2026
Feb 9, 2026Metric
Actual
Est
EPS
$0.64+2.6%
$0.62
Rev
$1.5B-0.4%
$1.5B
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$0.63+6.8%
$0.59
Rev
$1.6B+2.2%
$1.5B
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.53-0.4%
$0.53
Rev
$1.5B+1.1%
$1.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.64vs $0.61+4.4% | $1.5Bvs $1.5B+1.7% |
| Q1 2026 | Feb 9, 2026 | $0.64vs $0.62+2.6% | $1.5Bvs $1.5B-0.4% |
| Q4 2025 | Nov 3, 2025 | $0.63vs $0.59+6.8% | $1.6Bvs $1.5B+2.2% |
| Q3 2025 | Aug 4, 2025 | $0.53vs $0.53-0.4% | $1.5Bvs $1.5B+1.1% |
Based on last 12 quarters of dataView full earnings history →
Latest ON News
Recent stock market news and headlines for ON Semiconductor Corporation (ON)
Zacks Investment Research·1 day ago
ON Benefits From Rising Demand for Power Solutions: What's Ahead?ON Semiconductor's AI data center revenues are set to double in 2026 as advanced power solutions gain traction across EVs, energy storage and industrial markets.
Seeking Alpha·5 days ago
ON Semiconductor: Mispriced 800V-1200V AI Power And Physical AI ShiftON Semiconductor is rated Buy, with a systematic accumulation strategy targeting a large upside breakout by 2027–2028. ON's transformation via the $7B Synaptics acquisition and proprietary Treo platform expands its TAM to $243B by 2030, leveraging leadership in 1200V vertical GaN and SiC technologies. Key catalysts include 10x content growth in 800V AI data center racks, robust margin expansion toward a 53% target, and decoupling from flat global auto SAAR via Chinese EV exports.
The Motley Fool·5 days ago
Broadcom vs. ON Semiconductor: Which Technology Stock Is a Better Buy in 2026?Broadcom maintains a dominant position in artificial intelligence infrastructure and enterprise software with high net margins. ON Semiconductor is a leader in power and sensing chips for the automotive sector and is expanding into edge AI.
The Motley Fool·Jun 26, 2026
Here's Why ON Semiconductor Stock Crashed Hard TodayON Semiconductor announced an all-stock acquisition of Synaptics, valued at $7 billion, and the stock dropped over 23% following the announcement, reflecting investor concerns. The deal aims to integrate power, sensing, and connected computing for edge AI applications.
Peers Comparison
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 |
|---|---|---|---|---|---|---|---|
| $91.10 | $35.7B | 314.14 | -15.35% | 2.02% | 1.47% | — | |
| $70.72 | $62.86B | 392.89 | -10.8% | 1.17% | 0.79% | — | |
| $36.00 | $1.62B | -1.05 | -6.14% | -222.23% | -5208.55% | — | |
| $91.57 | $4.21B | 64.04 | 13.04% | 5.5% | 4.4% | — | |
| $1272.81 | $62.53B | 99.83 | 26.43% | 22.84% | 19.05% | — | |
| $66.84 | $3.72B | 171.37 | 5.85% | 3.72% | 2.44% | — |
Compare ON vs Peers
ON Semiconductor Corporation (ON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ON SEC Filings & Documents
ON Semiconductor Corporation (ON) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
May 4, 2026·SEC
Material company update
Mar 11, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
6Get notified when ON posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
ON Frequently Asked Questions
ON Semiconductor Corporation (ON) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is ON Semiconductor Corporation's revenue?
ON Semiconductor Corporation (ON) reported $6.06B in revenue for fiscal year 2025. This represents a 192% increase from $2.07B in 2000.
How fast is ON Semiconductor Corporation growing?
ON Semiconductor Corporation (ON) saw revenue decline by 15.3% over the past year.
Is ON profitable?
Yes, ON Semiconductor Corporation (ON) is profitable, generating $573.7M in net income for fiscal year 2025 (2.0% net margin).
Dividend & Returns
What is ON's return on equity?
ON Semiconductor Corporation (ON) has a return on equity (ROE) of 1.5%. This is below average, suggesting room for improvement.
What is ON Semiconductor Corporation's free cash flow?
ON Semiconductor Corporation (ON) generated $1.45B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.