ON Semiconductor stock | 2026 earnings growth & current analysis

ON Semiconductor

NasdaqGS:ON

$ 98,40

+ $0,62 (0,63%)

98,40 $

+$0,62 (0,63%)

End-of-day quote: 04/24/2026

ON Semiconductor Stock Value

Analysts currently rate NasdaqGS:ON as Outperform.

Outperform

ON Semiconductor Company Info

EPS Growth 5Y

22,55%

Market Cap

$38,70 B

Long-Term Debt

$2,98 B

Short Interest

4,30%

Quarterly earnings

05/04/2026

Dividend

$0,00

Dividend Yield

0,00%

Founded

1992

Industry

Information Technology

Country

United States

ISIN Number

US6821891057

Website

http://www.onsemi.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$70,00

-28.86%

Last Update: 04/27/2026

Analysts: 29

Highest Price Target $115,00

Average Price Target $70,00

Lowest Price Target $56,00

In the last five quarters, ON Semiconductor’s Price Target has fallen from $101,65 to $86,01 - a -15,39% decrease. Thirty Two analysts predict that ON Semiconductor’s share price will fall in the coming year, reaching $70,00. This would represent a decrease of -28,86%.

Top growth stocks in the information technology sector (5Y.)

What does ON Semiconductor do?

ON Semiconductor Corporation, together with its wholly and majority-owned subsidiaries, provides intelligent power and intelligent sensing solutions with a primary focus towards automotive and industrial markets to help its customers solve challenging problems and create cutting-edge products for a better future. The company operates under the onsemi brand. The company utilizes its extensive range of power technologies to help address the growing power demands of AI and data centers. The compan...

The company utilizes its extensive range of power technologies to help address the growing power demands of AI and data centers. The company’s intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers efficient fast-charging systems and propels sustainable energy for the highest efficiency solar strings and industrial power. The company’s intelligent power solutions for the automotive industry allow its customers to exceed range targets with lower weight and reduce system cost through efficiency. The company’s intelligent sensing technologies support the next generation industry, allowing for smarter factories and buildings while also enhancing the automotive mobility experience with imaging and depth sensing that make advanced vehicle safety and automated driving systems possible.

Segments

The company operates into three segments: the Power Solutions Group (PSG), the Analog and Mixed-Signal Group (AMG), and the Intelligent Sensing Group (ISG).

PSG

This segment’s products include analog products; SiC products; discrete products; MOSFET products; power module products; Isolation products; memory products; gate driver products; and standard logic products.

ASG

This segment’s products include analog products; ASIC products; ECL products; foundry products / services; gate driver products; and LSI products.

ISG

This segment’s products include actuator drivers; complementary metal oxide semiconductor (CMOS) image sensors; image signal processors; and single photon detectors.

Business Strategy

The company is designing products in highly differentiated markets focused on customer needs while optimizing and right-sizing its manufacturing footprint to support growth with new product development and maintain gross margins through efficiencies.

Acquisition

On January 14, 2025, the company completed the previously announced acquisition of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business from Qorvo US, Inc., and certain of its subsidiaries.

Revenue-Generating Activities

The company generates revenue primarily from the sale of semiconductor products to distributors and direct customers. The company also generates revenue, to a much lesser extent, from product development agreements and manufacturing services provided to customers. The company’s ability to offer a broad range of products, combined with its global manufacturing and logistics network, provides its customers with single source purchasing. In 2025, the company expects to include SiC JFET in its product portfolio within the PSG segment.

Products and Technology

PSG

PSG offers a wide array of discrete, module, and integrated semiconductor products that perform multiple application functions, including power switching, signal conditioning, and circuit protection. The trends driving growth within the company’s end-user markets are primarily higher power efficiency and power density in power applications, the need for greater functionality, and faster data transmission rates in all communications. Enhancement of the current electrical infrastructure driven by demand for green energy, electrification of powertrains in EVs and HEVs, and increased power demands from AI drive demand for the company’s highly efficient power switching products. The recent increase in the use of WBG MOSFETs and diodes, including SiC and IGBT, is further expanding the use of semiconductor products.

AMG

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. The company implements a platform-based design approach to rapidly proliferate product portfolios. AMG offers technology that provides the company’s customers system-level differentiation, such as multi-phase controllers, gate drivers, DC-DC converters, AC-DC converters, ultrasonic sensors, inductive sensors, audiology digital signal processors, analog front ends, Bluetooth Low Energy, wired connectivity, Amplifiers, LDOs, Logic, EEPROMs, Isolation, and more.

ISG

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. The company’s broad range of product offerings delivers excellent pixel performance, sensor functionality, and camera systems capabilities in which high quality visual imagery is becoming increasingly important to its customers and their end-users, particularly in automotive and factory automation and in applications powered by AI.

Customers

The company sells its products to distributors and direct customers for ultimate use in a variety of end-products in different end-markets. In general, the company has maintained long-term relationships with its key customers, and its sales agreements are renewable periodically and contain certain terms and conditions with respect to payment, delivery, warranty, and supply. During 2024, certain long-term supply agreements with strategic end-customers were modified upon mutual agreement. These agreements are subject to the company’s standard terms and conditions, and generally include minimum purchase commitments and provisions allowing for renegotiation upon mutual agreement.

The company generally warrants that products sold to its customers will, at the time of shipment, be free from defects in workmanship and materials and conform to its approved specifications.

Distributors

Sales to distributors accounted for approximately 53% of the company’s revenue in 2024. The company had one distributor whose revenue accounted for approximately 10% of the total revenue for the year ended December 31, 2024. The company’s distributors resell its products to OEMs, contract manufacturers, and other end-customers. Sales to distributors are typically made pursuant to agreements that provide return rights and stock rotation provisions permitting limited levels of product returns.

Direct Customers

Sales to direct customers accounted for approximately 47% of the company’s revenue in 2024. Large multi-nationals and selected regional OEMs, which are significant in specific markets, form the company’s core direct customers.

Markets

Product Development

The company focuses on innovation to create intelligent power and sensing technologies that solve the most challenging customer problems. The company’s product development efforts are directed towards the following:

addressing the need for solutions to manage and optimize the growing power demands and distribution within AI data centers;

powering the electrification of the automotive industry with the company’s intelligent power technologies that allow for lighter and longer-range electric vehicles and enable efficient fast-charging systems;

propelling the sustainable energy evolution with the company’s intelligent power technologies for the highest efficiency solar strings, industrial power, and storage systems;

enhancing the automotive mobility experience with the company’s intelligent sensing technologies with imaging and depth sensing that make advanced vehicle safety and automated driving systems possible; and

enabling automation and data exchange (Industry 4.0) with the company’s intelligent sensing technologies for smarter factories and buildings.

End-Markets

The company serves a broad base of end-user markets, with a primary focus towards automotive and industrial. The company’s principal end-markets, the estimated percentage (based in part on information provided by its distributors) of the company’s revenue generated from each end-market during 2024, and sample applications for its products. Other includes the end-markets of computing, consumer, networking, communication, etc.

Sales, Marketing and Distribution

The company has global distribution centers in China, the Philippines, and Singapore. Global and regional distribution channels further support its customers' needs for quick response and service. The company offers global applications support from its technical information centers and solution engineering centers, allowing for applications that are developed in one region of the world to be instantaneously available throughout all other regions.

Research and Development

For the year ended December 31, 2024, the company’s research and development expenses were $612.7 million.

Patents, Trademarks, Copyrights and Other Intellectual Property Rights

The company markets its products under worldwide trademarks, including the ON Semiconductor, ON, onsemi, and various product names and logos, and, in the United States and internationally, it relies primarily on a combination of patents, trademarks, copyrights, trade secrets, employee, and non-disclosure agreements and licensing agreements to protect its IP.

Competition

PSG’s primary competitors include Infineon Technologies AG (Infineon), STMicroelectronics N.V. (STMicroelectronics), Wolfspeed Inc., ROHM Semiconductor, and Nexperia BV. Competitors for certain of AMG's products and solutions include Texas Instruments Incorporated, Analog Devices, Inc., Infineon, STMicroelectronics, Renesas Electronics Corporation, Monolithic Power Systems Inc., and NXP Semiconductors N.V. Competitors for certain of ISG's products and solutions include Sony Semiconductor Manufacturing Corporation, Samsung Electronics Co., Ltd., and Omnivision Technologies Inc.

Government Regulation

The company is subject to numerous United States and foreign laws and regulations, including, without limitation, tariffs, trade sanctions, trade barriers, trade embargoes, regulations relating to import-export control, technology transfer restrictions, the International Traffic in Arms Regulation promulgated under the Arms Export Control Act (ITAR), the Foreign Corrupt Practices Act (FCPA), and the anti-boycott provisions of the U.S. Export Administration Act. The company’s operations are in material compliance with applicable trade regulations relating to import-export control, technology transfer restrictions, ITAR, FCPA, the anti-boycott provisions of the U.S. Export Administration Act, and similar applicable laws and regulations.

Environmental, Social and Governance Initiatives

The company proactively complies with the Responsible Business Alliance (RBA) Code of Conduct, which is aimed at eliminating forced labor, slavery and human trafficking and conflict minerals, pursuant to its involvement with the Responsible Minerals Initiative.

History

ON Semiconductor Corporation was incorporated in 1992 under the laws of the state of Delaware.

ON Semiconductor Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - Automotive industry: approx. 35% - Industrial applications: approx. 30% - Communication and data processing: approx. 20% - Consumer electronics: approx. 15% **TOP 3 markets and their percentage shares:** - USA: approx. 40% - China: approx. 25% - Europe: appro...

At which locations are the company’s products manufactured?

**Production Sites of ON Semiconductor:** ON Semiconductor Corporation operates several production facilities worldwide. The key locations include: - **United States:** Multiple plants, including ones in Arizona and Oregon. - **Asia:** Production sites in countries such as China, Malaysia, and Sou...

What strategy does ON Semiconductor pursue for future growth?

**Revenue Growth:** 18.5% (2024) **Research & Development (R&D) Expenses:** 12% of revenue (2024) ON Semiconductor Corporation pursues a growth strategy that is heavily focused on the development and introduction of new technologies in the semiconductor sector. The company invests significa...

Which raw materials are imported and from which countries?

**Main raw materials:** Silicon, copper, gold, aluminum, rare earths **Countries of origin:** - **Silicon:** China, USA - **Copper:** Chile, Peru - **Gold:** South Africa, Australia - **Aluminum:** China, Russia - **Rare Earths:** China, Australia ON Semiconductor Corporation sources a variety of...

How strong is the company’s competitive advantage?

**Market share in the field of power semiconductors:** 20% (estimated 2025) **Research and Development (R&D) expenses:** 1.2 billion USD (2024) ON Semiconductor Corporation has a significant competitive advantage in the field of power semiconductors, particularly due to its strong market posit...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 92% (estimated, based on 2023 data) **Insider Buys/Sells:** No significant changes reported (2025) The institutional investor share at ON Semiconductor Corporation is traditionally high, indicating the confidence of large investment firms in the company's lon...

What percentage market share does ON Semiconductor have?

**Market share of ON Semiconductor:** Estimated around 3-4% (2025) **Top competitors and their market shares:** 1. **Texas Instruments:** Approximately 15-18% 2. **Infineon Technologies:** Approximately 10-12% 3. **STMicroelectronics:** Approximately 8-10% 4. **NXP Semiconductors:** Approximately 7...

Is ON Semiconductor stock currently a good investment?

**Revenue Growth:** 18% (2024) **Profit Growth:** 20% (2024) **Market Share in the Automotive Sector:** 25% (2024) ON Semiconductor Corporation recorded strong revenue growth of 18% in 2024, driven by increased demand in the automotive and industrial electronics sectors. The company has successfull...

Does ON Semiconductor pay a dividend – and how reliable is the payout?

**Dividend payment:** No dividend (as of 2025) ON Semiconductor Corporation currently does not pay a dividend to its shareholders. The company has been focusing on reinvesting its profits into the growth and expansion of its business segments in recent years. This strategy is typical for companies...

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ON Semiconductor Stock Value

ON Semiconductor Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does ON Semiconductor do?

ON Semiconductor Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

ON Semiconductor Stock Value

ON Semiconductor Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does ON Semiconductor do?

ON Semiconductor Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.