ON Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

1.54B

-10.78%

0.623

-34.46%

1.51B

+4.23%

0.611

+11.13%

1.56B

+6.19%

0.684

+28.98%

Estimates Revision

The market is revising Upward the revenue expectations for ON Semiconductor Corporation (ON) for FY2025, with the revenue forecasts being adjusted by 0.72% over the past three months. During the same period, the stock price has changed by 25.04%.

Revenue Estimates for FY2025

Revise Upward

+0.72%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+1.69%

In Past 3 Month

Stock Price

Go Up

+25.04%

In Past 3 Month

17 Analyst Rating

Wall Street analysts forecast ON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ON is 59.06 USD with a low forecast of 50.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

8 Buy

9 Hold

0 Sell

Moderate Buy

Current: 0.000

Low

50.00

Averages

59.06

High

80.00

Current: 0.000

Low

50.00

Averages

59.06

High

80.00

Mizuho

Vijay Rakesh

Outperform

upgrade

$62 -> $72

2026-01-09

New

Reason

Mizuho

Vijay Rakesh

Price Target

$62 -> $72

2026-01-09

New

upgrade

Outperform

Reason

Mizuho analyst Vijay Rakesh raised the firm's price target on On Semi to $72 from $62 and keeps an Outperform rating on the shares. The firm adjusted targets in the semiconductors and semiconductor capital equipment group as part of its 2026 outlook. Mizuho sees continued upside for the group in 2026 due to "attractive valuations," but more modest than 2025. The analyst' top sectors in 2026 are AI accelerators and wafter fab equipment, Optical, and memory, while the firm remains cautious on electric vehicles, autos and analog as well as computers and handsets. Mizuho's top picks for 2026 are Nvidia, Lumentum and Broadcom.

Williams Trading

Buy

Hold

downgrade

$55 -> $47

2026-01-08

New

Reason

Williams Trading

Price Target

$55 -> $47

2026-01-08

New

downgrade

Buy

Hold

Reason

Williams Trading downgraded On Holding to Hold from Buy with a price target of $47, down from $55. The firm believes the company's recent product segmentation decisions "are doing more harm than good." On's wholesale order growth in the Americas will decelerate in fiscal 2026, and its wholesale order growth in Europe will slow for the "foreseeable future," the analyst tells investors in a research note. Williams adds that the company's increased direct-to-consumer costs are likely to result in EBIT margin pressure over time.

Piper Sandler

Overweight

maintain

$60 -> $65

2026-01-07

New

Reason

Piper Sandler

Price Target

$60 -> $65

2026-01-07

New

maintain

Overweight

Reason

Piper Sandler raised the firm's price target on On Semi to $65 from $60 and keeps an Overweight rating on the shares. The firm says the company appears to be benefiting from a turn in the industry specifically within the industrial and automotive markets. On Semi noted each 1% of fab utilization increase can add 20-30 basis points of gross margin uptick. The firm believes utilization will go up during the first half of 2026, Piper adds.

Truist

William Stein

Hold

maintain

$51 -> $57

2025-12-19

Reason

Truist

William Stein

Price Target

$51 -> $57

2025-12-19

maintain

Hold

Reason

Truist analyst William Stein raised the firm's price target on On Semi to $57 from $51 and keeps a Hold rating on the shares. The firm adjusted price targets in the semiconductor and artificial intelligence group after establishing 2027 estimates. Truist recognizes the challenges of finding the power to run AI infrastructure and getting the funding to pay for it. However, the firm believes AI infrastructure semiconductor stocks "remain cheap" relative to their growth. It sees "more upside pressure" to estimates for the group relative to the diversified analog semis heading into 2026. AI capital expenditure upside will continue in 2026, the analyst tells investors in a research note.

Cantor Fitzgerald

Neutral

maintain

$55 -> $60

2025-12-16

Reason

Cantor Fitzgerald

Price Target

$55 -> $60

2025-12-16

maintain

Neutral

Reason

Cantor Fitzgerald raised the firm's price target on On Semi to $60 from $55 and keeps a Neutral rating on the shares. The SOX is positioned to lead markets higher after outperforming the S&P by roughly 30 points in CY25, supported by the early stages of the AI era driving demand across compute, networking, memory, and equipment, the analyst tells investors in a research note. While cyclical factors may create mixed signals, the macro backdrop and expected exponential growth in AI infrastructure spending support a long position in the SOX and overweight exposure to AI-related plays into CY26, the firm says.

BofA

Neutral

maintain

$56 -> $60

2025-12-16

Reason

BofA

Price Target

$56 -> $60

2025-12-16

maintain

Neutral

Reason

BofA raised the firm's price target on On Semi to $60 from $56 and keeps a Neutral rating on the shares. The firm is updating its price targets for U.S. Semiconductor stocks under its coverage, the analyst tells investors. BofA views 2026 as a midpoint for an 8 to 10 year journey upgrading traditional IT infrastructure for faster, AI workloads. While stocks may remain choppy amid greater scrutiny of AI returns and hyperscaler cash flows, this should be offset by faster large language model builders and AI factories, the firm adds.

Valuation Metrics

The current forward P/E ratio for ON Semiconductor Corp (ON.O) is 20.97, compared to its 5-year average forward P/E of 16.42. For a more detailed relative valuation and DCF analysis to assess ON Semiconductor Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

16.42

Current PE

20.97

Overvalued PE

19.31

Undervalued PE

13.52

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

10.77

Current EV/EBITDA

13.15

Overvalued EV/EBITDA

12.45

Undervalued EV/EBITDA

9.09

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

3.61

Current PS

3.66

Overvalued PS

4.35

Undervalued PS

2.87

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders areSelling! The selling amount has increased 195.61% over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders areSelling! The selling amount has increased 195.61% over the last month.

Sold

Bought

ON News & Events

Events Timeline

No data

News

6.5

01-08Benzinga

BofA Analyst Sees 30% Growth in U.S. Semiconductor Industry

7.0

01-06Barron's

Microchip Shares Soar: Reasons Behind the Chip Maker's Increased Sales Forecast.

4.5

01-06NASDAQ.COM

US Stocks Close Higher, S&P 500 Hits One-Week High

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Frequently Asked Questions

What is ON Semiconductor Corp (ON) stock price today?

The current price of ON is 62.48 USD — it has increased 2.61 % in the last trading day.

What is ON Semiconductor Corp (ON)'s business?

ON Semiconductor Corporation operates under the onsemi brand. It provides intelligent power and intelligent sensing solutions. Its segments include the Power Solutions Group (PSG), the Analog & Mixed-Signal Group (AMG), and the Intelligent Sensing Group (ISG). PSG offers an array of discrete, module and integrated semiconductor products that perform multiple application functions, including power switching, signal conditioning, and circuit protection. AMG designs and develops analog, mixed-signal, Power Management ICs, Sensor Interface devices, Power Conversion, Signal Chain, and Voltage Regulation devices for a broad base of end-users in the automotive, industrial, computing and mobile end-markets. ISG designs and develops CMOS image sensors, image signal processors, single photon detectors, including SiPM, SPAD arrays and short-wavelength infrared products, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the different end-markets.

What is the price predicton of ON Stock?

What is ON Semiconductor Corp (ON)'s revenue for the last quarter?

ON Semiconductor Corp revenue for the last quarter amounts to 1.55B USD, decreased -11.98 % YoY.

What is ON Semiconductor Corp (ON)'s earnings per share (EPS) for the last quarter?

ON Semiconductor Corp. EPS for the last quarter amounts to 0.62 USD, decreased -33.33 % YoY.

What changes have occurred in the market's expectations for ON Semiconductor Corp (ON)'s fundamentals?

How many employees does ON Semiconductor Corp (ON). have?

ON Semiconductor Corp (ON) has 26400 emplpoyees as of January 09 2026.

What is ON Semiconductor Corp (ON) market cap?

Today ON has the market capitalization of 24.50B USD.