ON Semiconductor Q4 Earnings and 2026 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 09 2026
0mins
Should l Buy ON?
Source: seekingalpha
- Earnings Highlights: ON Semiconductor reported a Q4 non-GAAP EPS of $0.64, beating expectations by $0.02, indicating stable profitability despite an 11.6% year-over-year revenue decline to $1.53 billion, which missed forecasts, reflecting weak market demand.
- Future Outlook: The company projects Q1 2026 revenue between $1.435 billion and $1.535 billion, with gross margins expected to range from 37.4% to 39.4%, demonstrating efforts to control costs and enhance profitability amid market challenges.
- Operating Expense Management: Projected operating expenses for Q1 are between $407 million and $422 million, indicating ongoing efforts to optimize spending aimed at improving overall profitability and navigating market fluctuations.
- Earnings Per Share Forecast: ON Semiconductor anticipates Q1 2026 diluted EPS between $0.28 and $0.38, showcasing resilience in profitability despite external economic pressures, which may attract investor interest.
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Analyst Views on ON
Wall Street analysts forecast ON stock price to fall
19 Analyst Rating
9 Buy
10 Hold
0 Sell
Moderate Buy
Current: 62.200
Low
50.00
Averages
61.25
High
80.00
Current: 62.200
Low
50.00
Averages
61.25
High
80.00
About ON
ON Semiconductor Corporation is engaged in providing intelligent power and intelligent sensing solutions. The Company’s intelligent power technologies enable the electrification of drivetrain in the automotive industry to allow for lighter and longer-range electric vehicles. Its segments include Power Solutions Group (PSG), the Analog and Mixed-Signal Group (AMG) and the Intelligent Sensing Group (ISG). PSG segment provides a portfolio of discrete, module, and integrated semiconductor devices designed to enable conversion across artificial intelligence (AI) data centers, energy infrastructure, automotive and industrial. AMG segment designs and develops a range of analog and mixed-signal solutions including power‑management, sensor‑interface, connectivity, and products that serve automotive, industrial automation, AI data center, computing, and mobile end markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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