ON
ON SemiconductorPrevious close
71.67
Change
−3.57 / −4.74%
P/E (TTM) ?
44.1
Market Cap
$27.5B
1M
−6.76%
S&P 500 −0.91% over same period
Volume / Avg Volume
16.6M / 9.3M
1.78× average
Latest earnings analysisFY2026 Q2Reported 2026-08-03
onsemi Q2 2026: revenue up 9.2%, EPS tops consensus, Q3 guide higher
onsemi beat on the bottom line and guided higher: Q2 2026 revenue rose 9.2% to $1.60 billion, non-GAAP EPS of $0.74 edged past the $0.7363 consensus, and management sees third-quarter gross margin expanding to 40.0%–42.0%. Free cash flow quadrupled to $425.4 million. The catch is that GAAP gross margin of 38.4% is still far below the level of two years ago, and total debt now exceeds cash. The view is Bullish.
Read the full analysis →Revenue$1.60BYoY +9.20%
EPS (non-GAAP)$0.74Beatest. $0.74
Next-quarter revenue guidance$1.70B ±2.94%YoY +6.00%
Next-day move+0.47%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-07 | 2026-08-03 | $1.6B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-04 | 2026-05-04 | $1.5B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-09 | $6.0B | Pending |
| FY2025 Q3 Quarter ended 2025-10 | 2025-11-03 | $1.6B | Pending |
| FY2025 Q2 Quarter ended 2025-07 | 2025-08-04 | $1.5B | Pending |
| FY2025 Q1 Quarter ended 2025-04 | 2025-05-05 | $1.4B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 63 of its 5-year rangeMid-range
5-year range 12.1 – 218.7 · Median 20.8
Last 4 quarters: $1.5B in buybacks + $0 in dividends, 5.34% of market cap combined
P/E (TTM)
44.1
P/B
3.9
P/S
4.5
PEG
0.46
Earnings Reaction
Over the last 6 reports, the stock moved ±1.8% on average on the first trading day after, rising 4 times
Most recent +0.47%
Volatility & Correlation
1-year beta 2.64 · Correlation with S&P 500 0.54High beta
Annualized volatility 63% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 1 · $1.2MNet selling $1.2M
- 10-01GOPALSWAMY SUDHIRGroup President, AMG & ISGSell$1.2M15,578 shares · Avg price 80.00
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 1.60 | +9.2% | 38.4% | 0.23 | 0.56 |
| FY2026 Q1 | 1.51 | +4.7% | 38.5% | -0.03 | -0.08 |
| FY2025 Q4 | 1.53 | −11.2% | 36.0% | 0.18 | 0.40 |
| FY2025 Q3 | 1.55 | −12.0% | 37.9% | 0.26 | 0.63 |
| FY2025 Q2 | 1.47 | −15.4% | 37.6% | 0.17 | 0.41 |
| FY2025 Q1 | 1.45 | −22.4% | 20.3% | -0.49 | -1.15 |
| FY2024 Q4 | 1.72 | −14.6% | 45.2% | 0.38 | 0.88 |
| FY2024 Q3 | 1.76 | −19.2% | 45.4% | 0.40 | 0.93 |
| FY2024 Q2 | 1.74 | −17.2% | 45.2% | 0.34 | 0.78 |
| FY2024 Q1 | 1.86 | −4.9% | 45.8% | 0.45 | 1.04 |
| FY2023 Q4 | 2.02 | −4.1% | 46.7% | 0.56 | 1.28 |
| FY2023 Q3 | 2.18 | −0.5% | 47.3% | 0.58 | 1.29 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| ON | 44.1 | +9.2% | 38.4% | −6.76% | Bullish |
| NVDA | 25.8 | +105.9% | 75.0% | −10.39% | Bullish |
| AAPL | 39.3 | +16.4% | 50.1% | +3.49% | Bullish |
| MSFT | 27.2 | +18.8% | 67.8% | +1.76% | Bullish |
| AVGO | 40.4 | +85.5% | 69.1% | −7.15% | Bullish |
| MU | 11.8 | +379.3% | 86.8% | −16.93% | Bullish |
| AMD | 143.0 | +50.1% | 53.8% | −17.48% | Bullish |
| INTC | — | +20.9% | 43.0% | −45.30% | Bullish |
| PLTR | 156.5 | +92.8% | 84.7% | −1.57% | Bullish |