onsemi (NASDAQ:ON) Releases Q2 2026 Earnings Guidance

onsemi (NASDAQ:ON) issued an update on its second quarter 2026 earnings guidance on Friday. The company provided EPS guidance of 0.650-0.770 for the period, compared to the consensus earnings per share estimate of 0.710. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays lifted their price objective on shares of onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Stifel Nicolaus upped their target price on onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research report on Wednesday. Morgan Stanley lifted their price target on onsemi from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company increased their price objective on onsemi from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, onsemi presently has a consensus rating of “Hold” and an average price target of $102.35.

onsemi Trading Down 23.7%

NASDAQ ON opened at $90.65 on Friday. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14. The company has a market capitalization of $35.53 billion, a PE ratio of 64.29, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a fifty day moving average of $110.67 and a 200 day moving average of $78.83.

onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Research analysts forecast that onsemi will post 3.09 earnings per share for the current year.

Insider Activity

In related news, CFO Trent Thad sold 30,000 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the sale, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by corporate insiders.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: The Synaptics deal is onsemi’s largest acquisition ever, and the market is worried about valuation, integration risk, and whether the benefits will justify the price. The $7 Billion Reason ON Semiconductor Stock Is Down Today
• Negative Sentiment: Because the transaction is all stock, existing shareholders face dilution, and some analysts said the deal adds complexity to an already complicated business model. ON Semi tanks 20% following Synaptics deal as CEO defends core business
• Neutral Sentiment: Management says the acquisition expands onsemi’s addressable market, strengthens its edge-AI and connectivity portfolio, and should be accretive to non-GAAP EPS within about 18 months if synergies are realized. onsemi to Acquire Synaptics to Enable the Next Generation of Intelligent Systems for Physical AI
• Neutral Sentiment: Separately, onsemi recently updated Q2 2026 guidance with EPS and revenue ranges that were roughly in line to slightly below expectations, which may be adding to investor caution. Why Is ON Semiconductor Stock Falling On Friday?

Institutional Investors Weigh In On onsemi

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its stake in shares of onsemi by 3.3% in the 4th quarter. Parallel Advisors LLC now owns 5,847 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 189 shares in the last quarter. Sunbelt Securities Inc. boosted its position in onsemi by 13.7% during the third quarter. Sunbelt Securities Inc. now owns 1,950 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 235 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its position in onsemi by 2.2% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 14,973 shares of the semiconductor company’s stock worth $811,000 after purchasing an additional 327 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in onsemi by 9.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,608 shares of the semiconductor company’s stock valued at $250,000 after purchasing an additional 379 shares during the period. Finally, Meeder Advisory Services Inc. grew its holdings in onsemi by 7.9% in the fourth quarter. Meeder Advisory Services Inc. now owns 5,884 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 431 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

About onsemi

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.