onsemi (NASDAQ:ON) Issues Q3 2026 Earnings Guidance

onsemi (NASDAQ:ON) issued an update on its third quarter 2026 earnings guidance on Monday morning. The company provided earnings per share (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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ON. Morgan Stanley upped their price objective on shares of onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Truist Financial reissued a “hold” rating and issued a $101.00 target price (up from $66.00) on shares of onsemi in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. Rosenblatt Securities upped their price target on onsemi from $60.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a report on Friday, July 24th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.24.

onsemi Trading Down 1.5%

Shares of NASDAQ ON traded down $1.21 during mid-day trading on Monday, reaching $80.40. 14,243,394 shares of the company’s stock were exchanged, compared to its average volume of 10,638,102. The company’s 50-day moving average is $105.00 and its 200-day moving average is $84.92. 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 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. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92.

onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. onsemi had a net margin of 9.46% and a return on equity of 12.79%. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts expect that onsemi will post 3.09 EPS for the current fiscal year.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi is being highlighted as a potential “picks-and-shovels” beneficiary of continued artificial-intelligence infrastructure spending, particularly through its power and semiconductor products. 3 Stocks to Buy Before Wall Street Catches On in August
• Neutral Sentiment: Investors are focused on the upcoming second-quarter report, with consensus estimates calling for earnings of approximately $0.72 per share and revenue of $1.59 billion. The results and management’s outlook will likely determine the next direction for the stock. ON Semiconductor Earnings Are Imminent
• Negative Sentiment: Analyst opinions remain mixed, ranging from Overweight to Neutral, increasing the risk of a muted or volatile reaction if onsemi’s guidance does not exceed elevated expectations. The company’s valuation and recent trading below its 50-day average also leave the shares vulnerable to further selling if the earnings release disappoints.

Hedge Funds Weigh In On onsemi

Several large investors have recently made changes to their positions in ON. Compound Planning Inc. purchased a new stake in onsemi in the fourth quarter valued at approximately $247,000. Corient Private Wealth LLC boosted its position in shares of onsemi by 35.1% during the fourth quarter. Corient Private Wealth LLC now owns 109,895 shares of the semiconductor company’s stock worth $5,951,000 after buying an additional 28,551 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of onsemi during the fourth quarter worth $418,000. Empowered Funds LLC grew its stake in shares of onsemi by 9.3% in the fourth quarter. Empowered Funds LLC now owns 26,322 shares of the semiconductor company’s stock valued at $1,425,000 after buying an additional 2,241 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new stake in shares of onsemi in the fourth quarter valued at $19,146,000. 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.