ON Semiconductor

ON

Market cap $26.2B

SCOTTSDALE, Ariz., Feb. 24, 2026 (GLOBE NEWSWIRE) -- onsemi (the “Company”) (Nasdaq: ON) today announced it will host its Financial Analyst Day on September 16, 2026 in New York City, NY.

Industrial semiconductor makers are on fire this year, as their results and outlook affirm a shifting market dynamic and the onset of a multiyear supercycle. The supercycle is underpinned by inventory normalization in critical markets, including automotive, communications, and consumer, and the build-out of AI infrastructure and shift toward smart technology.

ON Semiconductor's stock has risen significantly but may still offer value, particularly as the company is back on the growth path. Strong cash flows and a large buyback program help support the share price.

Analog chips have largely missed out on a broader semiconductor rally over the last two years — but that may be about to change.

Zacks.com users have recently been watching ON Semiconductor Corp. (ON) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Examine the evolution of ON Semiconductor Corp.'s (ON) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

The Treo platform and upcoming GaN offerings position ON Semiconductor as a key beneficiary of the multi-year electrification and cloud supercycle, supporting its profitable growth prospects. The same has been embedded in the management's sequentially improving FQ4'25 performance, the promising FQ1'26 guidance, and the reiterated long-term growth targets. ON may very well outperform the consensus forward estimates, with FY2028 potentially bringing forth a richer EPS performance of $5.70 (3Y CAGR of +34.3%).

ON Semiconductor's NASDAQ: ON, which operates under the Onsemi brand, stock price action was mixed following its Q4 2025 earnings report and guidance update, but the initial sell-off proved to be a head fake. While results and guidance left some to be desired relative to consensus forecasts, they affirmed the company's return to growth, expectation for margin improvement, free cash flow growth, and capital return.

ON Semiconductor Corporation reported Q25 results on Monday after the bell. The results themselves were not impressive, missing estimates for the quarter and the outlook, but the stock is up. ON's story remains very much tied to auto, and while cyclical recovery is underway, meaningful auto-related end demand is missing. While we don't see material downside risk in the near term, we struggle to identify a catalyst.

ON posts a Q4 EPS beat but sees revenues fall 11% Y/Y, with margins compressing as all three business segments decline.