ON

ON SemiconductorNASDAQ · Semiconductors · Information Technology

Previous close

66.60

Change

−6.60 / −9.02%

FinDog View

Neutral

52-Week Range

44.56 – 134.92

P/E (TTM)

45.2

Forward P/E

22.2

Based on consensus earnings for the next 12 months

Market Cap

$25.9B

−20.12%

S&P 500 −2.41% over same period

Volume / Avg Volume

18.8M / 11.0M

1.71× average

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 16.91M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q3 Quarter ended 2026-07	2026-08-03	$1.6B	0.74 / 0.74	+0.47%	Read analysis →
FY2026 Q2 Quarter ended 2026-04	2026-05-04	$1.5B	0.64 / 0.62	+0.62%	Pending
FY2025 Q3 Quarter ended 2025-12	2025-11-03	—	— / —	−4.32%	Pending
FY2025 Q3 Quarter ended 2025-07	2025-08-04	—	— / —	−1.52%	Pending
FY2025 Q2 Quarter ended 2025-04	2025-05-05	—	— / —	+0.26%	Pending

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 72 of its 5-year rangeExpensive

5-year range 11.9 – 88.9 · Median 16.9

Last 4 quarters: $1.4B in buybacks + $0 in dividends, 5.57% of market cap combined

P/E (TTM)

45.2

P/B

4.0

P/S

4.6

PEG

0.51

Earnings Reaction

Over the last 5 reports, the stock moved ±1.4% on average on the first trading day after, rising 3 times

Most recent +0.47%

Volatility & Correlation

1-year beta 2.66 · 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

No open-market buys or sells by officers or directors in the last 90 days.

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q3	1.60	+9.2%	38.4%	0.26	0.23	0.43	0.56
FY2026 Q2	1.51	+4.7%	38.5%	-0.05	-0.03	0.22	-0.08
FY2025 Q4	1.53	−11.2%	36.0%	0.20	0.18	0.49	0.40
FY2025 Q3	1.47	−16.6%	37.6%	0.19	0.17	0.11	0.41
FY2025 Q2	1.45	−16.7%	20.3%	-0.57	-0.49	0.45	-1.15
FY2024 Q4	1.72	−14.6%	45.2%	0.41	0.38	0.42	0.88
FY2024 Q3	1.76	−19.2%	45.4%	0.45	0.40	0.30	0.93
FY2024 Q2	1.74	−17.2%	45.2%	0.39	0.34	0.22	0.78
FY2024 Q1	1.86	−4.9%	45.8%	0.53	0.45	0.26	1.04
FY2023 Q4	2.02	−4.1%	46.7%	0.61	0.56	0.26	1.28
FY2023 Q3	2.18	−0.5%	47.3%	0.69	0.58	0.13	1.29
FY2023 Q2	2.09	—	47.4%	0.67	0.58	-0.04	1.29

Peers

Largest by market cap in the sector · Latest quarterView Information Technology sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
ON	ON Semiconductor	$25.9B	45.2	+9.2%	38.4%	−20.12%	Neutral
NVDA	Nvidia	$5.15T	26.8	+105.9%	75.0%	−4.94%	Bullish	Compare
AAPL	Apple Inc.	$4.85T	37.5	+16.4%	50.1%	+8.78%	Bullish	Compare
MSFT	Microsoft	$3.64T	27.7	+17.7%	67.2%	+2.07%	Neutral	Compare
AVGO	Broadcom	$1.62T	42.3	+85.5%	69.1%	−13.49%	Bullish	Compare
MU	Micron Technology	$1.05T	20.7	+345.7%	84.6%	−8.42%	Neutral	Compare
AMD	Advanced Micro Devices	$837B	131.0	+50.1%	53.8%	+1.28%	Bullish	Compare
INTC	Intel	$534B	—	+25.4%	40.4%	−2.36%	Neutral	Compare
CSCO	Cisco	$425B	32.7	+17.6%	64.1%	−4.57%	Neutral	Compare

The View in One Line

FY2026 Q2 revenue of $1.6 billion, gross margin 38.4%, but YoY and EPS missing, price falling sharply, news has no clear direction, lean Neutral.

Updated 2026-09-16

Notable Institutional Holders

Citadel Advisors · Ken Griffin$183MAdded +1671%
Renaissance Technologies$23.5M
Soros Fund Management$21.6M
Bridgewater Associates · Ray Dalio$5.5MAdded +192%

As of 2026-06-30

Key Events

08-13M&A / Contracts
onsemi's Synaptics Acquisition Gets FTC Early Termination of Antitrust Waiting Period
On August 12, 2026, the FTC granted early termination of the HSR waiting period for onsemi's acquisition of Synaptics; the deal is expected to close in mid-2027.Source ↗
06-25M&A / Contracts
ON Semiconductor to Acquire Synopsys in Stock Deal at 1.350 Exchange Ratio
ON Semiconductor signed a merger agreement on June 25 to acquire Synopsys at a 1.350 exchange ratio, with Synopsys shareholders to hold approximately 12% of the combined company.Source ↗
05-18Management Change
onsemi Former Executive's Departure Date Extended to End of September; Annual Shareholder Meeting Completes Director Elections
onsemi and Simon Keeton agreed to extend his last day of employment from June 30 to September 30, 2026; the May 14 shareholder meeting elected 7 directors and approved executive compensation, the reappointment of PwC, and a simple majority voting proposal.Source ↗
05-12Capital Actions
onsemi Completes $1.5 Billion Convertible Notes Offering and Repurchases Stock
On May 11, onsemi completed a $1.5 billion offering of 0% convertible senior notes, with net proceeds of approximately $1.4729 billion, and used approximately $331.9 million to repurchase about 3.1 million shares of common stock.Source ↗
05-07Capital Actions
onsemi Prices $1.3 Billion Convertible Notes Due 2031
On May 6, 2026, onsemi announced and priced a private offering of $1.3 billion principal amount of 0% convertible senior notes due 2031.Source ↗
05-06Capital Actions
onsemi Launches $1.3 Billion Convertible Notes Offering
On May 6, 2026, onsemi announced a private offering of $1.3 billion of convertible senior notes due 2031.Source ↗

Key Financial Trends

Quarterly Revenue ($B)1.6

Gross Margin38.4%

Free Cash Flow ($B)0.4