ON (NYSE:ONON – Get Free Report) is projected to release its Q2 2026 results before the market opens on Tuesday, August 11th. Analysts expect ON to announce earnings of $0.4144 per share and revenue of $1.0880 billion for the quarter. Parties are encouraged to explore the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, August 11, 2026 at 8:00 AM ET.
ON (NYSE:ONON – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. ON had a return on equity of 15.72% and a net margin of 7.92%.The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, analysts expect ON to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
ON Stock Performance
Shares of ONON traded down $0.21 during mid-day trading on Tuesday, reaching $37.73. 1,384,329 shares of the company’s stock were exchanged, compared to its average volume of 5,752,459. The business’s fifty day simple moving average is $37.53 and its 200-day simple moving average is $39.17. The stock has a market capitalization of $24.08 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 0.68 and a beta of 2.12. ON has a 52-week low of $31.41 and a 52-week high of $52.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.98 and a quick ratio of 2.39.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on ON
Insider Transactions at ON
In other news, CEO David Michael Allemann bought 60,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $36.63 per share, with a total value of $2,197,800.00. Following the purchase, the chief executive officer owned 2,841,108 shares of the company’s stock, valued at $104,069,786.04. This trade represents a 2.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Olivier Bernhard bought 60,000 shares of ON stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $36.63 per share, for a total transaction of $2,197,800.00. Following the completion of the acquisition, the insider owned 5,163,184 shares in the company, valued at $189,127,429.92. This represents a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 180,000 shares of company stock valued at $6,594,000 over the last three months.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Morgan Stanley grew its position in shares of ON by 40.9% in the fourth quarter. Morgan Stanley now owns 24,119,871 shares of the company’s stock valued at $1,121,092,000 after purchasing an additional 6,997,455 shares during the period. Sinvest Investments II Ltd. purchased a new stake in ON in the 4th quarter valued at about $390,432,000. Ameriprise Financial Inc. increased its stake in shares of ON by 44.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,318,415 shares of the company’s stock valued at $138,865,000 after acquiring an additional 1,026,804 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of ON by 13.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,997,473 shares of the company’s stock worth $126,943,000 after acquiring an additional 364,091 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of ON by 119.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,738,692 shares of the company’s stock worth $127,295,000 after acquiring an additional 1,492,917 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.
About ON
On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.
On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.
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