onsemi (NASDAQ:ON) Releases Q2 2026 Earnings Guidance

Posted by Brian Himes on Jun 26th, 2026

onsemi (NASDAQ:ON – Get Free Report) updated its second quarter 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.650-0.770 for the period, compared to the consensus EPS estimate of 0.710. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion.

onsemi Stock Performance

NASDAQ:ON opened at $118.74 on Friday. The stock’s 50-day moving average is $110.31 and its 200-day moving average is $78.75. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. The stock has a market cap of $46.53 billion, a P/E ratio of 84.21, a price-to-earnings-growth ratio of 1.03 and a beta of 1.97.

onsemi (NASDAQ:ON – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business earned $0.55 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Equities research analysts anticipate that onsemi will post 3.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ON. Stifel Nicolaus raised their price target on shares of onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research note on Wednesday. Robert W. Baird boosted their price objective on shares of onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Cantor Fitzgerald increased their price objective on onsemi from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Roth Mkm reaffirmed a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Finally, UBS Group set a $110.00 target price on onsemi in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $99.56.

Get Our Latest Stock Analysis on onsemi

Insider Activity

In other news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. The trade was a 9.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

Positive Sentiment: onsemi said the Synaptics deal expands its addressable market by $30 billion to $243 billion by 2030 and adds Edge AI, connectivity, and human-machine interface capabilities that complement its power and sensing strengths. Article Title
Positive Sentiment: Management said the transaction is expected to be accretive to non-GAAP EPS within 18 months of closing and should generate about $200 million in annual synergies, which could support longer-term earnings power. Article Title
Neutral Sentiment: onsemi also reaffirmed its second-quarter 2026 guidance, which suggests the company is not seeing a sudden change in its near-term operating outlook despite the acquisition announcement. Article Title
Negative Sentiment: The deal is an all-stock transaction, so shareholders are facing dilution and a longer closing timeline, with completion not expected until mid-2027 pending approvals. Article Title
Negative Sentiment: Some traders are also taking profits after onsemi’s strong multi-month rally, and broader semiconductor sentiment has been choppy, with investors rotating between AI beneficiaries and more cyclical chip names. Article Title

Institutional Trading of onsemi

A number of institutional investors have recently bought and sold shares of ON. Parallel Advisors LLC grew its holdings in onsemi by 3.3% during the 4th quarter. Parallel Advisors LLC now owns 5,847 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 189 shares during the period. Sunbelt Securities Inc. boosted its position in shares of onsemi by 13.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,950 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 235 shares in the last quarter. Elo Mutual Pension Insurance Co grew its stake in onsemi by 2.2% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 14,973 shares of the semiconductor company’s stock worth $811,000 after purchasing an additional 327 shares during the period. Smartleaf Asset Management LLC increased its holdings in onsemi by 9.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,608 shares of the semiconductor company’s stock worth $250,000 after purchasing an additional 379 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its holdings in onsemi by 7.9% in the fourth quarter. Meeder Advisory Services Inc. now owns 5,884 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 431 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

About onsemi

(Get Free Report)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.