ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company is headquartered in Phoenix, Arizona.
| Revenue (TTM) | $6.06B |
| Gross Profit (TTM) | $2.59B |
| EBITDA | $2.05B |
| Operating Margin | 18.20% |
| Return on Equity | 7.49% |
| Return on Assets | 6.83% |
| Revenue/Share (TTM) | $15.00 |
| Book Value | $18.63 |
| Price-to-Book | 5.05 |
| Price-to-Sales (TTM) | 5.94 |
| EV/Revenue | 6.18 |
| EV/EBITDA | 24.68 |
| Quarterly Earnings Growth (YoY) | -48.70% |
| Quarterly Revenue Growth (YoY) | 4.70% |
| Shares Outstanding | $389.19M |
| Float | $390.15M |
| % Insiders | 0.34% |
| % Institutions | 109.47% |
Volatility is currently expanding
The latest trading day saw ON Semiconductor Corp. (ON) settling at $93.79, representing a +2.95% change from its previous close.
ON's Fab Right divestitures aim to cut costs, lift efficiency and support higher-margin growth in AI data centers, automotive and industrial markets.
MU, ON, NXPI and NVDA stand to gain as AI-powered vehicles drive demand for memory, processors, sensors, networking and power chips.
Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.
SCOTTSDALE, Ariz., July 07, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) today announced it has entered into definitive agreements to divest two manufacturing facilities.
I rate ON Semiconductor a Strong Buy with a $126 price target, implying ~30% upside from the current level of $97 per share. The main growth drivers are AI data center power, automotive content growth through 900V EV platforms and EliteSiC, plus Treo, vertical GaN and Synaptics. ON's forward non-GAAP PEG ratio of about 0.95x is attractive versus the sector median of 1.37x, and my EPS bridge supports a price target of about $126, implying 30% upside.
The 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's AI data center revenues are set to double in 2026 as advanced power solutions gain traction across EVs, energy storage and industrial markets.
Semis put in a powerful performance in Q2 2026 thanks to things going its way, which more than made up for what happened in Q1 2026. It is not the only thing that matters, but if semis are to add to gains in H2 2026, AI will need to keep driving growth forward. The AI thesis remains intact, but recent developments leave open the possibility the thesis could still turn out to be flawed.
LOS ANGELES--(BUSINESS WIRE)---- $ON--ON Investors Have Opportunity to Join ON Semiconductor Corporation Fraud Investigation with the Schall Law Firm.
