ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company is headquartered in Phoenix, Arizona.
| Revenue (TTM) | $6.20B |
| Gross Profit (TTM) | $2.65B |
| EBITDA | $2.09B |
| Operating Margin | 19.50% |
| Return on Equity | 8.31% |
| Return on Assets | 6.75% |
| Revenue/Share (TTM) | $15.57 |
| Book Value | $18.54 |
| Price-to-Book | 4.46 |
| Price-to-Sales (TTM) | 5.19 |
| EV/Revenue | 5.29 |
| EV/EBITDA | 20.93 |
| Quarterly Earnings Growth (YoY) | 36.60% |
| Quarterly Revenue Growth (YoY) | 9.20% |
| Shares Outstanding | $389.31M |
| Float | $387.57M |
| % Insiders | 0.34% |
| % Institutions | 106.10% |
Volatility is currently contracting
Power semiconductor stocks are pushing higher in Monday trading, with Wolfspeed (NYSE:WOLF | WOLF Price Prediction) up 5.74% to $33.61, STMicroelectronics (NYSE:STM) up 4.17% to $56.56, and ON Semiconductor (NASDAQ:ON) up 2.96% to $85.11.
ON Semiconductor keeps making the case for accumulation, and the Q2 2026 report only strengthened it.
ON Semiconductor Corporation (ON) Presents at The KeyBanc Technology Leadership Forum 2026 Transcript
ON Semiconductor (NASDAQ:ON | ON Price Prediction) currently trades at $81.17, while the Wall Street consensus price target sits at $108.88, leaving roughly 34% of implied upside.
I'm reiterating ON Semiconductor as a Strong Buy with a raised price target of $139. Q2 2026 results exceeded expectations: revenue grew 9% y/y to $1.604B, non-GAAP EPS reached $0.74, and operating margin expanded to 20.8%. AI data center power remains ON's fastest-growing business, with management now expecting revenue to more than double in 2026, strengthening the investment thesis.
ON Semiconductor Corp. (ON) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Our call on ON Semiconductor (NASDAQ:ON | ON Price Prediction) is straightforward.
onsemi's Q2 earnings and revenues beat estimates as AI data center demand, a richer mix and higher utilization fueled growth.
On Semiconductor Corp. (ON) is integral to electric vehicles, industrial automation, renewable energy, and data centers, focusing on electricity control and image sensors. Despite short-term headwinds like tariffs and factory underutilization, I previously rated ON a Buy due to improving fundamentals and long-term growth prospects. ON has outperformed the S&P 500 but lagged behind semiconductor ETFs such as SMH and SOXX after a late-spring peak.
onsemi NASDAQ: ON is a bold play on physical AI with unparalleled opportunity due to its position in the semiconductor ecosystem, the planned acquisition of Synaptics, and potential next moves that could surprise the market. The company is perfectly positioned as a hardware provider, producing silicon carbide and gallium nitride semiconductors suitable for a wide range of high-performance applications.
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