ON|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $0.87 | - | - |
| Q2'26 | $0.74 | $0.74 | +0.5% |
| Q1'26 | $0.62 | $0.64 | +3.3% |
| Q4'25 | $0.64 | $0.64 | -0.2% |
| Q3'25 | $0.59 | $0.63 | +6.6% |
| Q2'25 | $0.53 | $0.53 | -0.4% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $1.8B | - | - |
| Q2'26 | $1.6B | $1.6B | -2.0% |
| Q1'26 | $1.5B | $1.5B | -1.2% |
| Q4'25 | $1.6B | $1.5B | -3.3% |
| Q3'25 | - | $1.6B | - |
| Q2'25 | - | $1.5B | - |
ON|Monthly Returns
Market Data
ON Stock Snapshot
- Market cap
- 28.31B
- P/E ratio
- 44.9
- Day range
- $71.10 – $74.75
- News sentiment
- 46/100 · Neutral
- Analyst target
- $106.88 (+46.0%)
- Consensus
- Hold · 40 analysts
Price action on ON is defensive - rallies are being sold rather than extended. Institutional coverage is thorough here, so shifts in analyst expectations show up in price quickly.
Reverse DCF
What growth is priced into ON?
At today's price, ON Semiconductor Corporation needs to grow free cash flow about 20.6% a year for the next 10 years to justify its valuation at a 12.31% cost of capital. Over its actual history it has compounded free cash flow at 13.4% a year, so the market is asking for 7.2 percentage points above its own delivered rate. On that basis ON looks priced above what its own growth record supports.
- Implied FCF growth
- 20.6%
- Historical FCF CAGR
- 13.4%
- Growth gap
- +7.2 pts
- Verdict
- RICH
- Discount rate (WACC)
- 12.31%
- Beta
- 1.67
Behaviour On Record
What ON's own history says about today's numbers
- Realized volatility (21d)
- 51.4% 74th pct
- Below its peak
- -45.8%
- vs 200-day average
- -8.5%
- Up days (1y)
- 53%
ON Semiconductor Corporation is currently running 51.4% annualised volatility over the last 21 sessions. Measured against ON's own 13 years of daily returns rather than a market-wide average, that is the 74th percentile — a little above its own norm, against a typical reading of 40.1%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.
ON is trading -45.8% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -31.6%, and the deepest was -65.4% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.
Price sits -8.5% from its 200-day moving average. Against every other day in its history, that gap ranks at the 19th percentile — a narrower gap than it typically runs. Over the past year ON closed higher on 53% of sessions, and it is currently 1 session into a rising streak.
On September specifically: over 14 years of records, ON finished the month higher 7 of 14 times, with a median return of -0.1% and an average of -0.4%. Its strongest month historically has been July at +6.2% on average, its weakest March at -3.7%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.
Overnight risk is measurable too: ON has opened more than 2% away from the prior close in 311 of 3,268 sessions (9.5% of the time), with the largest gaps running +13.6% and -8.2%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.
Across the last 3 dated reports on file, ON moved an average of 6.8% in the session after earnings, closing higher 2 of those 3 times, with a median move of +5.9% and a largest of +7.5%.
All figures computed from 3,269 daily closes between 2013-09-16 and 2026-09-15, split-adjusted, recomputed daily. Percentiles are against ON's own 13-year history, not a peer group or index.
Sector Rotation
Is money rotating into or out of ON's sector?
ON Semiconductor Corporation sits in the Technology sector, currently ranked 6th of 11 GICS sectors by relative-strength rotation score (lagging). Within its narrower Semiconductors industry group, ON ranks 13th of 15 tracked industries, lagging.
- Sector rank
- #6 of 11
- Sector state
- Lagging
- Sector rotation score
- 50
- Industry rank
- #13 of 15
Analyst Rating Changes
Are analysts turning bullish or bearish on ON?
Wells Fargo most recently reiterated its rating on ON Semiconductor Corporation to Overweight on Sep 3, 2026 with a price target of $95 (from $110). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.
- Latest action
- Wells Fargo — Overweight
- 90-day upgrades
- 0
- 90-day downgrades
- 0
- Net rating momentum
- 0
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