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ON Semiconductor Corporation

NasdaqGS:ON Stock Report

Market Cap: US$23.7b

ON Semiconductor (ON) Stock Overview

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. More details

ON fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 13.4% below our estimate of its fair value

Earnings are forecast to grow 33.49% per year

Risk Analysis

Large one-off items impacting financial results

Profit margins (9.5%) are lower than last year (26.6%)


ON Community Fair Values

Create Narrative

See what 150 others think this stock is worth. Follow their fair value or set your own to get alerts.

ON logo
ON Semiconductor
AN
AnalystConsensusTarget
Consensus Narrative from 30 Analysts

Fab-Right And Silicon Carbide Expansion Will Unlock New Markets

Key Takeaways Fab-Right strategy and R&D investments are set to increase margins and enhance product differentiation as the market rebounds. Automotive and AI data center sectors are poised for revenue growth through silicon carbide innovations and operational efficiencies.
View narrative
US$52.25
FV
8.3% overvalued intrinsic discount
3.96%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
92users have followed this narrative
5 days ago author updated this narrative
ON logo
ON Semiconductor
AN
AnalystHighTarget
Consensus Narrative from 30 Analysts

Silicon Carbide Leadership Will Drive EV, Automation And Renewables

Key Takeaways Technology leadership in automotive and industrial electrification, plus targeted product launches, position the company for strong future growth and margin expansion. Structural cost cuts and supply chain diversification increase profitability, operational resilience, and revenue stability in high-value, high-growth market segments.
View narrative
US$66.55
FV
15.0% undervalued intrinsic discount
6.66%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
4 days ago author updated this narrative
ON logo
ON Semiconductor
AN
AnalystLowTarget
Consensus Narrative from 30 Analysts

Global Trade Tensions And Regulatory Costs Will Impair Prospects

Key Takeaways Tightening trade barriers, evolving regulations, and tech cycles threaten ON Semiconductor's supply chain stability, cost structure, and ability to sustain growth. Dependence on volatile automotive markets and aggressive investment in new tech elevates risks of revenue swings and margin compression amid rising competition.
View narrative
US$33.00
FV
71.5% overvalued intrinsic discount
-0.60%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
4 days ago author updated this narrative
View ON Semiconductor Community

ON Semiconductor Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for ON Semiconductor
Historical stock prices
Current Share PriceUS$56.60
52 Week HighUS$80.08
52 Week LowUS$31.04
Beta1.43
1 Month Change12.82%
3 Month Change77.15%
1 Year Change-24.54%
3 Year Change7.60%
5 Year Change175.43%
Change since IPO158.01%

Recent News & Updates

ON Semiconductor's Industrial Bottoming & Data Center Monetization Trigger Rich Upsides

Jun 24

Investors Appear Satisfied With ON Semiconductor Corporation's (NASDAQ:ON) Prospects As Shares Rocket 27%

May 20
Investors Appear Satisfied With ON Semiconductor Corporation's (NASDAQ:ON) Prospects As Shares Rocket 27%

ON Semiconductor's (NASDAQ:ON) Soft Earnings Don't Show The Whole Picture

May 15
ON Semiconductor's (NASDAQ:ON) Soft Earnings Don't Show The Whole Picture

Recent updates

ON Semiconductor's Industrial Bottoming & Data Center Monetization Trigger Rich Upsides

Jun 24

Investors Appear Satisfied With ON Semiconductor Corporation's (NASDAQ:ON) Prospects As Shares Rocket 27%

May 20
Investors Appear Satisfied With ON Semiconductor Corporation's (NASDAQ:ON) Prospects As Shares Rocket 27%

ON Semiconductor's (NASDAQ:ON) Soft Earnings Don't Show The Whole Picture

May 15
ON Semiconductor's (NASDAQ:ON) Soft Earnings Don't Show The Whole Picture

Is There An Opportunity With ON Semiconductor Corporation's (NASDAQ:ON) 47% Undervaluation?

May 02
Is There An Opportunity With ON Semiconductor Corporation's (NASDAQ:ON) 47% Undervaluation?

Slammed 28% ON Semiconductor Corporation (NASDAQ:ON) Screens Well Here But There Might Be A Catch

Apr 05
Slammed 28% ON Semiconductor Corporation (NASDAQ:ON) Screens Well Here But There Might Be A Catch

ON Semiconductor: More Pain Ahead, Pending Growth Catalysts

Mar 04

ON Semiconductor: The Market's Overreaction Is Your Opportunity, Q4 Earnings Preview

Feb 06

ON Semiconductor: Cyclical Buy, Unaffected By DeepSeek

Jan 30

There's Been No Shortage Of Growth Recently For ON Semiconductor's (NASDAQ:ON) Returns On Capital

Jan 20
There's Been No Shortage Of Growth Recently For ON Semiconductor's (NASDAQ:ON) Returns On Capital

ON Semiconductor: Slow Recovery But A Long Opportunity

Jan 16

These 4 Measures Indicate That ON Semiconductor (NASDAQ:ON) Is Using Debt Reasonably Well

Jan 04
These 4 Measures Indicate That ON Semiconductor (NASDAQ:ON) Is Using Debt Reasonably Well

It's A Story Of Risk Vs Reward With ON Semiconductor Corporation (NASDAQ:ON)

Dec 15
It's A Story Of Risk Vs Reward With ON Semiconductor Corporation (NASDAQ:ON)

ON Semiconductor: Operational Leverage Awaits Market Recovery

Dec 13

ON Semiconductor Q3: Remain Soft In Automotive And Industrial

Dec 02

Is Now The Time To Look At Buying ON Semiconductor Corporation (NASDAQ:ON)?

Nov 14
Is Now The Time To Look At Buying ON Semiconductor Corporation (NASDAQ:ON)?

ON Semiconductor: Pretty Impressive Performance For A Down Cycle

Oct 28

ON Semiconductor: Growth Story Remains Compelling, Thanks To Overly Discounted PEG Ratio

Oct 06

We Think ON Semiconductor (NASDAQ:ON) Can Stay On Top Of Its Debt

Sep 17
We Think ON Semiconductor (NASDAQ:ON) Can Stay On Top Of Its Debt

Onsemi: Navigating Industry Challenges With Strategic Transformation

Sep 17

ON Semiconductor: Vibes Are ON Point

Sep 05

Investors Aren't Entirely Convinced By ON Semiconductor Corporation's (NASDAQ:ON) Earnings

Aug 31
Investors Aren't Entirely Convinced By ON Semiconductor Corporation's (NASDAQ:ON) Earnings

What Does ON Semiconductor Corporation's (NASDAQ:ON) Share Price Indicate?

Aug 15
What Does ON Semiconductor Corporation's (NASDAQ:ON) Share Price Indicate?

ON Semiconductor: Q2 Preview Amid Mixed Signals In The Automotive Industry

Jul 25

ON Semiconductor (NASDAQ:ON) Is Achieving High Returns On Its Capital

Jul 15
ON Semiconductor (NASDAQ:ON) Is Achieving High Returns On Its Capital

ON Semiconductor Q2 Preview: Left Behind By The Generative AI Rally - Reiterate Cautious Buy

Jul 03

ON Semiconductor's Stock Is Now A Sell (Rating Downgrade)

May 28

ON Semiconductor: Still Cheap As Fears Over Tesla's Demise Dissipated

Apr 25

ON Facing Headwinds From A Slowing U.S. EV Market Amid Strong SiC Wafer Competition In China

Apr 03

ON Semiconductor: Perfectly Positioned For The Electrification Of Everything

Mar 12

ON Semiconductor: The After-Earnings Rally Looks Like An Overreaction

Feb 06

Tracking A 2024 Slowdown In Silicon Carbide For EVs With Eyes On ON Semiconductor And Wolfspeed

Jan 10

Shareholder Returns

ONUS SemiconductorUS Market
7D8.0%1.3%1.8%
1Y-24.5%16.7%13.7%

Return vs Industry: ON underperformed the US Semiconductor industry which returned 16.7% over the past year.

Return vs Market: ON underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is ON's price volatile compared to industry and market?
ON volatility
ON Average Weekly Movement10.8%
Semiconductor Industry Average Movement9.7%
Market Average Movement7.3%
10% most volatile stocks in US Market17.2%
10% least volatile stocks in US Market3.7%

Stable Share Price: ON has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ON's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199226,445Hassane El-Khourywww.onsemi.com

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. The company operates through three segments Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module and integrated semiconductor products that perform multiple application functions, including power switching, signal conditioning, and circuit protection.

ON Semiconductor Corporation Fundamentals Summary

How do ON Semiconductor's earnings and revenue compare to its market cap?
ON fundamental statistics
Market capUS$23.65b
Earnings (TTM)US$633.70m
Revenue (TTM)US$6.67b
37.3x
P/E Ratio
3.5x
P/S Ratio

Is ON overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ON income statement (TTM)
RevenueUS$6.67b
Cost of RevenueUS$4.01b
Gross ProfitUS$2.66b
Other ExpensesUS$2.02b
EarningsUS$633.70m

Last Reported Earnings

Apr 04, 2025

Next Earnings Date

n/a

Earnings per share (EPS)1.52
Gross Margin39.85%
Net Profit Margin9.51%
Debt/Equity Ratio41.6%

How did ON perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/07 05:54
End of Day Share Price 2025/07/03 00:00
Earnings2025/04/04
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ON Semiconductor Corporation is covered by 56 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tristan GerraBaird
Ishan MajumdarBaptista Research
Romit ShahBarclays