onsemi (NASDAQ:ON) Releases Q3 2026 Earnings Guidance

onsemi (NASDAQ:ON) updated its third quarter 2026 earnings guidance on Monday. The company provided EPS guidance of 0.810-0.930 for the period, compared to the consensus earnings per share estimate of 0.830. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion.

onsemi Trading Down 1.5%

Shares of NASDAQ:ON traded down $1.21 during midday trading on Monday, reaching $80.40. The company’s stock had a trading volume of 14,619,160 shares, compared to its average volume of 10,645,046. The firm has a market capitalization of $31.51 billion, a price-to-earnings ratio of 57.02, a PEG ratio of 0.90 and a beta of 2.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. The firm has a 50 day moving average price of $105.00 and a two-hundred day moving average price of $84.92. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92.

onsemi (NASDAQ:ON) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, analysts forecast that onsemi will post 3.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

ON has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of onsemi in a report on Friday. Evercore reaffirmed an “outperform” rating and issued a $137.00 price target on shares of onsemi in a research note on Friday, June 26th. Stifel Nicolaus boosted their target price on onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Finally, Zacks Research lowered onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Fourteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.24.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported second-quarter revenue of $1.604 billion, up 9% year over year, while non-GAAP EPS of $0.74 exceeded the $0.72 consensus estimate. Growth was supported by strengthening demand for AI-related applications, Treo products and high-voltage power solutions. onsemi Reports Second Quarter 2026 Results
• Positive Sentiment: Profitability and cash generation improved substantially: GAAP net income rose to $226.8 million from $170.3 million a year earlier, operating cash flow increased 150%, and free cash flow reached $425.4 million. The company also repurchased $332 million of stock during the quarter. ON Semiconductor Reports Higher Profit and Revenue
• Positive Sentiment: Management projected third-quarter revenue of approximately $1.65 billion to $1.75 billion and GAAP diluted EPS of $0.79 to $0.91. AI data-center revenue is expected to more than double during 2026, providing an important growth catalyst. On Semi Reports Strong Q2 Earnings
• Positive Sentiment: onsemi announced a planned Synaptics acquisition, expanded its role in NVIDIA’s MGX ecosystem and launched its GaNEXUS gallium nitride power portfolio, broadening its exposure to AI infrastructure and power-management demand.
• Neutral Sentiment: The earnings beat was modest, with revenue only slightly above consensus, while the forward revenue outlook was broadly in line with expectations. That may have limited the immediate upside reaction after the report.
• Negative Sentiment: Investor sentiment may be pressured by valuation and positioning: onsemi trades at a relatively elevated earnings multiple, and its 50-day moving average is well above its 200-day average, increasing volatility risk.
• Negative Sentiment: Insider activity remains a headwind. Company executives, including the CEO, CFO and business-group presidents, have reported open-market sales but no purchases during the past six months, which may reinforce near-term profit-taking concerns.

Institutional Trading of onsemi

Several institutional investors have recently made changes to their positions in ON. Parallel Advisors LLC raised its holdings in shares of onsemi by 3.3% in the fourth 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 during the last quarter. Sunbelt Securities Inc. grew its position in onsemi 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 in the last quarter. Elo Mutual Pension Insurance Co increased its stake in onsemi by 2.2% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 14,973 shares of the semiconductor company’s stock valued at $811,000 after buying an additional 327 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of 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 acquiring an additional 379 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in shares of 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 acquiring an additional 431 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

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.