ON Semiconductor (NASDAQ:ON) Issues Q1 2026 Earnings Guidance

ON Semiconductor (NASDAQ:ON) updated its first quarter 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.560-0.660 for the period, compared to the consensus estimate of 0.610. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ON. B. Riley Financial boosted their price objective on shares of ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Stifel Nicolaus lifted their price target on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, January 16th. Benchmark restated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Cantor Fitzgerald reiterated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. Finally, Robert W. Baird increased their price target on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ON Semiconductor currently has an average rating of “Hold” and an average target price of $61.30.

ON Semiconductor Price Performance

Shares of ON stock traded down $0.10 on Monday, hitting $65.10. 12,859,942 shares of the company’s stock were exchanged, compared to its average volume of 9,778,023. The company has a 50 day moving average of $58.09 and a 200 day moving average of $52.93. The stock has a market cap of $26.19 billion, a P/E ratio of 84.55, a price-to-earnings-growth ratio of 2.83 and a beta of 1.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. ON Semiconductor has a 12 month low of $31.04 and a 12 month high of $66.86.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The business’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, equities research analysts predict that ON Semiconductor will post 2.6 EPS for the current year.

ON Semiconductor declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 18th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total value of $1,101,000.00. Following the completion of the transaction, the chief financial officer owned 379,448 shares of the company’s stock, valued at $20,888,612.40. This represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by corporate insiders.

Key Stories Impacting ON Semiconductor

Here are the key news stories impacting ON Semiconductor this week:

• Positive Sentiment: Beat on EPS and exceptional cash flow — ON reported non‑GAAP EPS of $0.64 (vs. ~$0.62 est.) and highlighted record free cash flow of ~$1.4 billion, supporting capital returns. ON Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Large buyback and product roadmap — management authorized up to $6 billion in repurchases and unveiled vertical GaN (vGaN) power semiconductors plus partnerships to expand GaN manufacturing, which could improve long‑term margins and competitive position in power/sensing markets. ON Reports Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Mixed Q1 guidance — ON set Q1 FY26 EPS guidance of $0.560–$0.660 and revenue $1.435–$1.535 billion (company also cited a $1.4–$1.5B range in some updates), a range that embeds uncertainty: EPS range roughly straddles consensus while revenue guidance midpoint is below some street estimates. Investors will watch revisions and end‑market demand signals. ON Reports Fourth Quarter and Full Year 2025 Results
• Negative Sentiment: Revenue shortfall and year‑over‑year decline — Q4 revenue fell ~11% YoY to ~$1.53B and missed/was in line with some estimates; core segments (power/analog) showed persistent weakness, which pressured the top line. Chipmaker Onsemi misses quarterly revenue estimates, shares fall
• Negative Sentiment: Margins and profits compressed vs. prior year — GAAP EPS, operating income and gross margins declined materially YoY, and management noted inventory and demand headwinds; the market reacted negatively post‑print. ON Semiconductor Corporation (ON) Stock Falls on Q4 2025 Earnings

Institutional Investors Weigh In On ON Semiconductor

A number of institutional investors have recently made changes to their positions in the stock. Darwin Wealth Management LLC bought a new position in shares of ON Semiconductor during the second quarter worth about $32,000. MUFG Securities EMEA plc acquired a new stake in ON Semiconductor during the 2nd quarter valued at approximately $65,000. Geneos Wealth Management Inc. raised its holdings in ON Semiconductor by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 507 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of ON Semiconductor by 13.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,950 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 235 shares during the period. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of ON Semiconductor during the third quarter worth $136,000. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Company Profile

ON Semiconductor, which operates under the onsemi brand, is a global supplier of semiconductor components and related solutions. The company designs, manufactures and sells a broad portfolio that includes power and analog devices, discrete components, sensors and custom mixed-signal products. Its offerings are used to manage, convert and sense electrical power and signals across a wide range of electronic systems.

ON Semiconductor serves customers in key end markets such as automotive, industrial, cloud power and communications, as well as consumer and computing applications.