ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company is headquartered in Phoenix, Arizona.
| Revenue (TTM) | $6.37B |
| Gross Profit (TTM) | $2.54B |
| EBITDA | $1.94B |
| Operating Margin | 22.20% |
| Return on Equity | 8.91% |
| Return on Assets | 6.03% |
| Revenue/Share (TTM) | $16.18 |
| Book Value | $19.42 |
| Price-to-Book | 3.67 |
| Price-to-Sales (TTM) | 3.85 |
| EV/Revenue | 4.373 |
| EV/EBITDA | 16.60 |
| Quarterly Earnings Growth (YoY) | 26.10% |
| Quarterly Revenue Growth (YoY) | 11.10% |
| Shares Outstanding | $389.28M |
| Float | $387.63M |
| % Insiders | 0.31% |
| % Institutions | 105.85% |
Volatility is currently expanding
Onsemi just posted its fourth straight earnings beat while trading nearly 48% below its 52-week high, and a surprise surge in one fast-growing segment has analysts split on whether the stock is a bargain or a value trap.
Data center revenue growth at a 4Y CAGR of +50% to >$3B and content value of $115K per rack by 2030 have been supported by ON's strategic acquisitions/R&D efforts. The higher fab utilization beyond the current levels of 83% may deliver the improved supply conditions and gross margin expansion from FQ1'27 onwards. Valuations are compelling post-selloff: ON trades at a P/E of 22.34x and a 3Y PEG of 0.61x, while offering >80% upside potential to my LTPT of $132.50.
ON Semiconductor's Q3'26 earnings and revenues beat estimates as AI data center growth surges, industrial demand strengthens and margins expand.
ON Semiconductor expects AI data center revenues to double in 2027, fueled by surging demand and new products, while industrial growth and manufacturing efficiencies boost margins.
The headline numbers for ON Semiconductor Corp. (ON) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
ON Semiconductor Corporation (ON) Q3 2026 Earnings Call Transcript
onsemi NASDAQ: ON reported third-quarter 2026 revenue of $1.72 billion, up 7% sequentially and 11% from a year earlier, as accelerating demand from AI data centers and improving industrial markets helped offset a short-term supply allocation shift away from automotive inventory replenishment.
Earnings growth outpaces revenue growth by 4x year-over-year SCOTTSDALE, Ariz., Nov. 02, 2026 (GLOBE NEWSWIRE) -- onsemi (the “Company”) (Nasdaq: ON) today announced its third quarter 2026 results with the following highlights: Revenue of $1,722 million, increased 11% year-over-year GAAP gross margin of 41.4% and non-GAAP gross margin of 41.2% GAAP operating margin of 22.0% and non-GAAP operating margin 23.2% GAAP diluted earnings per share of $0.79 and non-GAAP diluted earnings per share $0.90 Cash from operations increased by 23% year-over-year to $516 million Free cash flow of $489 million, grew 31% year-over-year to 28% of revenue “Increasing power requirements are driving accelerated demand in our AI data center and industrial end markets, as customers adopt and ramp our differentiated products,” said Hassane El-Khoury, President and CEO of onsemi.
Acquisition expands AI Data Center revenue opportunity News Highlights: Establishes onsemi as a leader in integrated voltage regulator (IVR) technology with best-in-class power density required for next-generation AI processors Combines Ferric's engineering talent with expertise in magnetics and power conversion with onsemi's productization capabilities, operating scale and customer relationships Raises onsemi's 2030 AI data center revenue target by $500 million to greater than $3 billion, with acceleration thereafter Expected to be accretive to onsemi's long-term revenue growth, gross margin, and EPS targets at scale SCOTTSDALE, Ariz., Nov. 02, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) today announced that it has entered into an agreement to acquire Ferric, Inc., an innovator in integrated voltage regulator (IVR) technology, for $600 million in cash, plus up to $175 million in contingent consideration upon achievement of certain revenue milestones.
ON Semiconductor Corporation (NASDAQ:ON) will release its third-quarter earnings report before the opening bell on Friday, Oct. 30.
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