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

ON Semiconductor (NASDAQ:ON) updated its first quarter 2026 earnings guidance on Monday. The company provided EPS guidance of 0.560-0.660 for the period, compared to the consensus EPS 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 Ratings Changes

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald reiterated a “neutral” rating on shares of ON Semiconductor in a research note on Tuesday, December 16th. Stifel Nicolaus raised their price objective on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, January 16th. TD Cowen reaffirmed a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Truist Financial increased their target price on shares of ON Semiconductor from $51.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Finally, BNP Paribas Exane upgraded shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.30.

ON Semiconductor Stock Performance

ON traded down $0.10 on Monday, hitting $65.10. The company’s stock had a trading volume of 12,859,942 shares, compared to its average volume of 9,778,023. ON Semiconductor has a 12 month low of $31.04 and a 12 month high of $66.86. The firm 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 quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43. The company’s 50 day simple moving average is $58.09 and its 200-day simple moving average is $52.93.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Analysts forecast that ON Semiconductor will post 2.6 EPS for the current year.

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

Insider Buying and Selling

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total transaction 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. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by corporate insiders.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Record cash generation and capital return — onsemi reported record free cash flow of about $1.4 billion for 2025 and authorized a new share repurchase program of up to $6 billion, signaling strong cash conversion and shareholder return capacity. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Product and manufacturing progress — company introduced vertical GaN (vGaN) power semiconductors and announced collaborations (Innoscience, GlobalFoundries) to scale GaN production, which supports longer-term growth in automotive/industrial power markets. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Quarterly guidance provided — management gave Q1 2026 revenue guidance of $1,435M–$1,535M and non‑GAAP EPS guidance roughly $0.56–$0.66 (GAAP $0.28–$0.38), so investors now have a range to model near-term performance. View Press Release (slides/press PDF)
• Negative Sentiment: Revenue miss and segment weakness — Q4 revenue fell to $1.53B (down ~11% YoY), missing several street estimates; the firm’s largest segments posted declines (as much as ~17%), driven by a persistent inventory glut and weak power/analog demand. Chipmaker Onsemi misses quarterly revenue estimates, shares fall
• Negative Sentiment: Profitability and earnings pressure — GAAP diluted EPS plunged year‑over‑year (GAAP $0.45 in Q4 vs much higher a year ago) and gross/operating margins declined versus 2024, highlighting margin compression and lower operating leverage. Analysts flagged the quarter as mixed. On Semiconductor Fourth-Quarter Sales Fall on Persistent Weakness in Power, Analog Units
• Negative Sentiment: Market reaction and insider activity — the stock dropped after the print as investors focused on the revenue miss and lower GAAP profitability; recent insider sales were noted in filings, which can exacerbate negative sentiment. ON Semiconductor Corporation (ON) Stock Falls on Q4 2025 Earnings

Hedge Funds Weigh In On ON Semiconductor

Several hedge funds have recently bought and sold shares of ON. Vident Advisory LLC lifted its stake in ON Semiconductor by 17.2% in the 3rd quarter. Vident Advisory LLC now owns 13,050 shares of the semiconductor company’s stock worth $643,000 after purchasing an additional 1,915 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of ON Semiconductor in the third quarter worth $634,000. Vise Technologies Inc. increased its holdings in shares of ON Semiconductor by 4.0% in the third quarter. Vise Technologies Inc. now owns 11,394 shares of the semiconductor company’s stock worth $562,000 after purchasing an additional 439 shares during the period. Coldstream Capital Management Inc. raised its position in shares of ON Semiconductor by 17.4% in the third quarter. Coldstream Capital Management Inc. now owns 7,940 shares of the semiconductor company’s stock worth $392,000 after buying an additional 1,176 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in ON Semiconductor by 9.4% during the third quarter. Blair William & Co. IL now owns 5,763 shares of the semiconductor company’s stock valued at $284,000 after buying an additional 497 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

About ON Semiconductor

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.