ON Stock - ON Semiconductor Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $7.08B | $8.25B | $8.33B | $6.74B | $5.25B |
| Gross Profit | $3.22B | $3.88B | $4.08B | $2.71B | $1.72B |
| Gross Margin | 45.4% | 47.1% | 49.0% | 40.3% | 32.7% |
| Operating Income | $1.77B | $2.54B | $2.36B | $1.29B | $348.70M |
| Net Income | $1.57B | $2.18B | $1.90B | $1.01B | $234.20M |
| Net Margin | 22.2% | 26.5% | 22.8% | 15.0% | 4.5% |
| EPS | $3.68 | $5.07 | $4.39 | $2.37 | $0.57 |
ON 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 4th 2025 | TD Cowen | Reiterated | Buy | $60← $55 |
| August 5th 2025 | TD Cowen | Reiterated | Buy | $55← $68 |
| August 5th 2025 | BofA Securities | Downgrade | Neutral | $56 |
| July 10th 2025 | Goldman | Initiation | Neutral | $60 |
| June 18th 2025 | Cantor Fitzgerald | Initiation | Neutral | $55 |
| May 12th 2025 | Morgan Stanley | Resumed | Equal Weight | $39 |
| May 6th 2025 | TD Cowen | Reiterated | Buy | $44← $38 |
| April 24th 2025 | B. Riley Securities | Downgrade | Neutral | $41 |
| January 24th 2025 | B. Riley Securities | Reiterated | Buy | $90← $100 |
| January 10th 2025 | Truist | Downgrade | Hold | $60← $85 |
| November 22nd 2024 | Wells Fargo | Initiation | Overweight | $85 |
| November 12th 2024 | Loop Capital | Initiation | Buy | $95 |
| July 30th 2024 | TD Cowen | Reiterated | Buy | $90← $85 |
| July 15th 2024 | Citigroup | Downgrade | Neutral | $77← $85 |
| July 11th 2024 | Morgan Stanley | Downgrade | Underweight | $65← $70 |
Earnings History & Surprises
ONEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 9, 2026 | $0.62 | — | — | — |
Q4 2025 | Nov 3, 2025 | $0.59 | $0.63 | +6.8% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $0.53 | $0.53 | -0.4% | ✗ MISS |
Q2 2025 | May 5, 2025 | $0.50 | $0.55 | +9.6% | ✓ BEAT |
Q1 2025 | Feb 10, 2025 | $0.97 | $0.95 | -2.5% | ✗ MISS |
Q4 2024 | Oct 28, 2024 | $0.97 | $0.99 | +2.1% | ✓ BEAT |
Q3 2024 | Jul 29, 2024 | $0.92 | $0.96 | +4.3% | ✓ BEAT |
Q2 2024 | Apr 29, 2024 | $1.04 | $1.08 | +3.8% | ✓ BEAT |
Q1 2024 | Feb 5, 2024 | $1.21 | $1.25 | +3.3% | ✓ BEAT |
Q4 2023 | Oct 30, 2023 | $1.34 | $1.39 | +3.7% | ✓ BEAT |
Q3 2023 | Jul 31, 2023 | $1.21 | $1.33 | +9.9% | ✓ BEAT |
Q2 2023 | May 1, 2023 | $1.09 | $1.19 | +9.2% | ✓ BEAT |
Q1 2023 | Feb 6, 2023 | $1.27 | $1.32 | +3.9% | ✓ BEAT |
Q4 2022 | Oct 31, 2022 | $1.31 | $1.45 | +10.7% | ✓ BEAT |
Q3 2022 | Aug 1, 2022 | $1.26 | $1.34 | +6.3% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $1.05 | $1.22 | +16.2% | ✓ BEAT |
Q1 2022 | Feb 7, 2022 | $0.94 | $1.09 | +16.0% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $0.74 | $0.87 | +17.6% | ✓ BEAT |
Q3 2021 | Aug 2, 2021 | $0.49 | $0.63 | +28.6% | ✓ BEAT |
Latest News
Truist Securities Maintains Hold on ON Semiconductor, Raises Price Target to $57
➖ Neutralonsemi Collaborates With GlobalFoundries To Develop And Manufacture Next-Gen Gallium Nitride Power Devices, Beginning With 650V
📈 PositiveReported Friday, Nasdaq-100 Index Reconstituted As Alnylam, Ferrovial, Insmed, Monolithic Power, Seagate And Western Digital Join, While Biogen, CDW, GlobalFoundries, Lululemon, ON Semiconductor And Trade Desk Exit
➖ Neutralonsemi And FORVIA HELLA Extend Long-Term Collaboration With Adoption Of Next-Generation PowerTrench T10 MOSFET Technology Manufactured In East Fishkill To Support High-Efficiency, Electrified Automotive Platforms
📈 Positiveonsemi Signs MOU With Innoscience To Explore Expanding Production Of Gallium Nitride Power Devices Using Innoscience's 200mm GaN-On-Silicon Process
📈 PositiveMorgan Stanley Maintains Equal-Weight on ON Semiconductor, Raises Price Target to $56
➖ NeutralShares of Onsemi are trading higher after the company's new semiconductor production facility received the European Commission approval for €450 million Czech State aid.
📈 PositiveOnsemi's New Semiconductor Production Site Gets European Commission Approval For €450M Czech State Aid
📈 Positiveonsemi shares are trading higher after the company announced a $6 billion share repurchase authorization.
📈 Positiveonsemi Board Authorizes Share Repurchase Program Of Up To $6B Over The Next Three Years; New Share Repurchase Program To Launch On January 1, 2026
📈 Positiveonsemi shares are trading higher after the company announced a $6 billion share repurchase authorization.
📈 PositiveON Semiconductor Approves $200M-$300M Impairment And Depreciation Charges; Charges To Reduce Depreciation Expense By $10M-$15M In 2026
📉 NegativeShares of chip stocks are trading lower amid overall market weakness as investors assess tech valuations, a drop in consumer sentiment and the US government shutdown.
📉 NegativeShares of chip stocks are trading lower after Chicago Fed President Goolsbee expressed uncertainty about further rate cuts, citing the prolonged government shutdown as the reason for lack of recent inflation data.
📉 NegativeShares of chip stocks are trading higher amid the Supreme Court's tariff hearing.
📈 PositiveON Semiconductor Says Alan Campbell To Retire As Chair Of On Semiconductor Board; Thomas L. Deitrich Appointed To Succeed As Board Chair
➖ NeutralShares of chip and semiconductor stocks are trading lower amid overall tech weakness, with investors possibly assessing earnings and AI-related valuations.
📉 NegativeTD Cowen Maintains Buy on ON Semiconductor, Raises Price Target to $60
📈 PositiveShares of semiconductor stocks are trading lower amid recent under performance and weakness in the sector.
📉 NegativeMorgan Stanley Maintains Equal-Weight on ON Semiconductor, Raises Price Target to $55
➖ NeutralFrequently Asked Questions about ON
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