onsemi (NASDAQ:ON) Issues Q3 2026 Earnings Guidance

onsemi (NASDAQ:ON) updated its third quarter 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.810-0.930 for the period, compared to the consensus earnings per share estimate of 0.830. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion.

Analyst Upgrades and Downgrades

Several research firms have commented on ON. UBS Group reissued a “neutral” rating and set a $95.00 price target on shares of onsemi in a research note on Monday, June 29th. Zacks Research lowered onsemi from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Susquehanna lifted their price target on shares of onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a report on Thursday, July 9th. Mizuho cut their target price on shares of onsemi from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Citigroup lifted their price objective on onsemi from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.96.

onsemi Stock Up 0.5%

Shares of ON opened at $80.78 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The stock has a market capitalization of $31.66 billion, a price-to-earnings ratio of 57.29, a price-to-earnings-growth ratio of 0.89 and a beta of 2.03. The business’s 50 day simple moving average is $103.36 and its 200-day simple moving average is $85.21.

onsemi (NASDAQ:ON) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. onsemi had a return on equity of 13.87% and a net margin of 10.17%.The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, equities analysts expect that onsemi will post 3.09 earnings per share for the current fiscal year.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations: Adjusted EPS was $0.74 versus the $0.72 consensus, while revenue rose 9.2% year over year to approximately $1.60 billion, slightly ahead of estimates. GAAP diluted EPS was $0.56, compared with $0.53 a year earlier. onsemi Q2 revenue rises 9% to $1.604 billion
• Positive Sentiment: AI momentum is improving the outlook: Management expects AI data-center revenue to more than double in 2026, supported by demand for high-voltage power solutions and other AI-related products. The company also cited stronger factory utilization, a richer product mix and growing customer adoption. ON Semiconductor Earnings Call Highlights AI-Fueled Momentum
• Positive Sentiment: Cash generation and shareholder returns strengthened: Operating cash flow increased 150% year over year, free cash flow reached $425.4 million, and onsemi repurchased about $332 million of stock during the quarter. The company also announced a planned Synaptics acquisition and expanded its role in NVIDIA’s MGX ecosystem. onsemi Reports Second Quarter 2026 Results
• Neutral Sentiment: Q3 guidance was broadly constructive: Revenue is expected at roughly $1.65 billion to $1.75 billion, with adjusted EPS guidance of $0.81 to $0.93. The midpoint was above or near consensus, though analysts trimmed several price targets while maintaining mostly positive ratings, including Buy, Outperform and Overweight recommendations.
• Negative Sentiment: Near-term risks remain: onsemi prioritized AI data-center shipments over some automotive demand, highlighting supply constraints and potential customer trade-offs. Analysts also cited competitive pressures and valuation concerns; the stock’s elevated earnings multiple may limit further gains if AI growth or margins fall short of expectations.

Institutional Trading of onsemi

Several large investors have recently made changes to their positions in ON. DV Equities LLC purchased a new stake in shares of onsemi during the 4th quarter worth about $30,000. Summit Securities Group LLC raised its holdings in onsemi by 346.3% in the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 464 shares during the period. Darwin Wealth Management LLC acquired a new position in onsemi in the 2nd quarter worth about $32,000. Atlas Capital Advisors Inc. purchased a new position in onsemi during the fourth quarter worth approximately $46,000. Finally, MUFG Securities EMEA plc purchased a new position in onsemi during the second quarter worth approximately $65,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

About onsemi

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.