SCOTTSDALE, Ariz., July 16, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) plans to announce its financial results for the second quarter, which ended July 3, 2026, after market close on Monday, August 3, 2026.
The company will host a conference call at 5 p.m. Eastern Time (ET) on August 3, 2026, following the release of its financial results. Investors and interested parties can access the conference call in the following manner:
Webcast: A live webcast of the conference call will be available via the “Investor Relations” section of the company’s website at http://www.onsemi.com. The re-broadcast of the call will be available at this site approximately one hour following the live broadcast and will remain available for 30 days.
Teleconference: Investors and interested parties can also access the conference call by pre-registering here. About onsemi
onsemi (Nasdaq:
ON) delivers intelligent power and sensing technologies that enable electrification, energy efficiency, safety, and automation across automotive, industrial, and AI data center end markets. With a highly differentiated and innovative product portfolio, onsemi helps customers solve complex challenges to achieve higher efficiency, improved performance, and lower system cost, while supporting a safer, cleaner, and more energy-efficient world. onsemi is included in the S&P 500® index. Learn more about onsemi at www.onsemi.com.
onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.
Contacts
Krystal Heaton
Director, Head of Public Relations
onsemi
(480) 242-6943 [email protected]
Parag Agarwal
Vice President - Investor Relations & Corporate Development
onsemi
(602) 244-3437 [email protected]
ON Semiconductor’s (NASDAQ:ON | ON Price Prediction) rebound has been one of the semiconductor sector’s more dramatic stories of 2026, and our proprietary model still sees room to run. The stock trades at $95.96 after a 77.21% year-to-date rally that cooled from a $134.92 52-week high.
Our 24/7 Wall St. price target for ON Semiconductor is $123.74, implying 28.94% upside over the next 12 months. The model’s rating is buy, with high confidence at 90%.
24/7 Wall St. Price Target Summary Metric Value Current Price $95.96 24/7 Wall St. Price Target $123.74 Upside 28.94% Recommendation BUY Confidence Level 90% From Cyclical Trough to AI Data Center Breakout ON has whipsawed investors. Shares sat at $48.11 last September and ripped to $125.90 by mid-June before pulling back 12.9% over the past month.
Q1 2026 confirmed the inflection: revenue of $1.513 billion topped expectations by 1.72%, non-GAAP EPS of $0.64 exceeded expectations by 4.03%, and non-GAAP gross margin recovered to 38.5% from a depressed 20.3% a year earlier.
CEO Hassane El-Khoury said the business has “moved beyond the cyclical trough on a path to recovery”, with AI data center revenue more than doubling year over year.
Why Bulls See a Breakout Above $133 The bull thesis rests on the AI data center curve and the silicon carbide EV cycle. Q1 AI data center revenue more than doubled YoY and grew more than 30% sequentially, while Power Solutions climbed 14% to $736.6 million.
EliteSiC design wins with Geely, NIO, and Xiaomi position ON for the 900V EV architecture shift, and PineBridge estimates data center equipment demand growing around 25% annually for the next four to five years. Under our bull case, ON reaches $133.10 in 12 months, a 38.7% total return.
_________________________________
What's Your Number...?Here's a question most people 5y from retirement can't answer: at your current savings rate, how much do you need, and how long will it actually last? A good advisor can put a date on that in a single meeting. SmartAsset's free quiz matches you with up to three fiduciary advisors serving your area, so you can get YOUR retirement number now (sponsor)
__________________________________________
What Could Go Wrong The bear case starts with valuation. ON’s trailing P/E of 71 and forward multiple of 31 leave no cushion. Free cash flow fell 52.23% YoY in Q1, yet ON spent $345.7 million on buybacks, roughly 160% of free cash flow.
Barclays initiated with equal-weight and a $75 target, flagging automotive and China exposure. Bulls counter that the $329.3 million restructuring charge is non-recurring and non-GAAP margins already run near 38.5%. Our bear case still points to $98.65, roughly flat with today’s price.
How ON Compares to NXPI and TXN NXP Semiconductors (NASDAQ:NXPI) is the cleanest automotive-analog comp. NXPI trades at a forward P/E of 20 with a 27.7% operating margin and 12.2% revenue growth. ON’s forward multiple of 31 looks rich against that, but ON’s AI data center exposure is scaling faster.
Texas Instruments (NASDAQ:TXN) sets the industrial-analog benchmark. TXN’s forward P/E of 41 and operating margin of 37.8% show what mature scale looks like. ON sits between the two on multiples, which makes our $123.74 target look reasonable rather than aggressive.
Company Forward P/E Operating Margin ON Semiconductor 31 18.2% NXP Semiconductors 20 27.7% Texas Instruments 41 37.8% Verdict: Model Rates ON a Buy The 24/7 Wall St. price target for ON Semiconductor is $123.74, a buy with 90% model confidence. The tipping factor is margin recovery paired with AI data center acceleration. The bullish setup holds if Q2 delivers within the $0.65 to $0.77 EPS guide. The thesis weakens if free cash flow keeps deteriorating while buybacks continue at 160% of FCF.
Year 24/7 Wall St. Price Target 2026 $123.74 2027 $129.27 2028 $155.71 2029 $184.89 2030 $199.89 These projections assume ON keeps executing on silicon carbide EV design wins and AI data center power. Meaningful upside or downside could come from automotive cycle turns or China policy shifts.
If You’ve Been Thinking About Retirement, Pay Attention (sponsor) Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance, and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor. Here’s how:
Answer a Few Simple Questions.
Get Matched with Vetted Advisors
Choose Your Fit
Why wait? Start building the retirement you’ve always dreamed of. Get started today! (sponsor)
Bank of America uvedla, že plánovaná akvizice Synaptics společností Onsemi může přinést dlouhodobé synergie a posílit její portfolio edge AI. Akcie Onsemi ve čtvrtek odpoledne stouply o více než 5 %.
Onsemi (NASDAQ:ON)'s proposed acquisition of Synaptics could create long-term strategic benefits, with Bank of America writing that a meeting with management increased its confidence in the rationale and potential synergies of the transaction.
The analysts wrote that Synaptics adds highly complementary compute assets to Onsemi (NASDAQ:ON)’s existing strengths in power, sensing and control, supporting the company’s ambition to build a complete edge AI portfolio.
They wrote that acquiring these capabilities through M&A allows Onsemi to accelerate time to market while avoiding the distraction of developing them internally.
Bank of America wrote that the market underappreciates the potential long-term benefits of the transaction, noting that initial cost synergy assumptions of $200 million could underestimate the ultimate savings potential. The analysts added that revenue synergies could also be significant over time as Onsemi cross-sells Synaptics products through its distribution channel.
The analysts wrote that the all-stock transaction preserves Onsemi’s balance sheet flexibility to fund buybacks and invest in new products, including Synaptics’ Astra program. They added that the deal could provide solid EPS accretion above the $7 in long-term EPS power they see for core Onsemi.
Bank of America also highlighted an expanded market opportunity, writing that Onsemi now believes the total addressable market for its core business exceeds $200 billion, compared with $64 billion at its previous analyst day, while Synaptics adds an additional $30 billion.
The analysts wrote that Synaptics’ consumer and enterprise PC exposure could be viewed negatively by investors but noted that these businesses generate gross margins in the high-50% range, above Onsemi’s typical high-40% gross margins.
On artificial intelligence opportunities, Bank of America wrote that Onsemi’s AI data center business is on track to at least double in 2026 from $250 million in 2025. The analysts highlighted the company’s vertical gallium nitride technology, writing that it is differentiated as the only device supporting high frequency and high voltages in a single chip.
The analysts wrote that Onsemi’s core initiatives remain on track, including progress in automotive silicon carbide for China electric vehicles, ethernet and zonal architecture, while industrial segments are recovering as purchasing managers’ indexes move above 50. They also noted that the recent exit of two facilities represents 50 basis points of a targeted 200 basis points of gross margin expansion from Onsemi’s fab restructuring initiatives.
Bank of America maintained its ‘Buy’ rating, writing that Onsemi’s upcoming analyst day could serve as a catalyst.
Shares of Onsemi traded up more than 5% on Thursday afternoon amid a broader rally in chipmaker stocks.
Micron uzavřel dlouhodobé dohody s Fordem a GM na dodávky paměťových a úložných řešení pro budoucí vozidla. Automobily s autonomií úrovně 4 mohou časem potřebovat přes 300 GB RAM.
Key Takeaways MU signed long-term Ford and GM deals as vehicles require more memory and storage content.ON and NXPI are positioned for demand tied to EV powertrains and software-defined vehicles.NVDA is expanding DRIVE partnerships for ADAS and Level 4 autonomous driving applications. Vehicles are becoming increasingly software-defined, requiring far more semiconductors than previous generations. Autonomous driving, electrification, connected features, digital cockpits and zonal vehicle architectures are driving demand for memory, AI processors, sensors, networking chips and power semiconductors. Micron Technology (MU - Free Report) identifies these as five key megatrends reshaping the automotive industry.
These trends are prompting automakers to secure access to critical chip technologies. Recently, Micron signed a long-term agreement with Ford to supply memory and storage solutions for the automaker's future vehicles. The announcement came just days after Micron secured a similar agreement with General Motors. According to Micron CEO Sanjay Mehrotra, vehicles with Level 4 autonomous driving capabilities could eventually require more than 300GB of RAM, pointing to a significant increase in memory content per vehicle.
AI-powered vehicles also require powerful processors to run complex software, image sensors and radar chips to enable advanced safety features and efficient power semiconductors to manage rising computing workloads. As the automotive industry evolves, several semiconductor companies like Micron, ON Semiconductor (ON - Free Report) , NXP Semiconductors N.V. (NXPI - Free Report) , and NVIDIA (NVDA - Free Report) are well-positioned to benefit fromthis shift to the next generation of intelligent vehicles.
MicronMicron is becoming a strategic technology partner for automakers. Under its agreements with Ford and General Motors, the company will provide automotive-grade LPDRAM, NOR flash and UFS NAND storage products while working with customers on future memory platforms and vehicle architectures. This deeper collaboration should strengthen Micron's position as vehicles become increasingly software-defined.
To support long-term demand, Micron is expanding advanced DRAM manufacturing at its Manassas, VA, facility and increasing output of automotive memory solutions designed for long product lifecycles. These investments should improve supply reliability while helping the company capture rising memory content per vehicle. As ADAS, connected features and AV capabilities become more widespread, Micron's growing automotive footprint positions it to benefit from a multi-year increase in demand for high-performance automotive memory and storage.
MU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
onsemionsemi is benefiting from electrification and software-defined vehicles. The company is a leading supplier of silicon carbide (SiC) power semiconductors, which are increasingly used in EV powertrains to improve energy efficiency, charging speed and driving range. Partnerships with automakers such as Geely and NIO continue to strengthen its presence in the world's largest EV market.
Beyond power chips, onsemi is expanding its role in next-generation vehicle architectures. Its Treo platform is gaining traction in software-defined vehicles, and the company recently began production shipments of Ethernet solutions for a North American automaker's zonal architecture. These chips enable faster in-vehicle communication and centralized computing—key building blocks for connected and autonomous vehicles. As adoption of zonal architectures accelerates, ON appears well-positioned to capture both revenue growth and higher-margin opportunities.
onsemi carries a Zacks Rank #3 (Hold).
NXP SemiconductorsNXP Semiconductors is benefiting from the automotive industry's shift toward software-defined vehicles and centralized computing architectures. The company is seeing rising demand for its S32 processing platforms, automotive Ethernet solutions and imaging radar chips, which enable advanced driver-assistance systems, high-speed in-vehicle communication and real-time data processing.
These next-generation platforms are increasing NXP's semiconductor content per vehicle, allowing the company to capture a larger share of automotive electronics as vehicles become more intelligent. At the same time, deeper engagement in long-term vehicle programs is strengthening relationships with global automakers and improving future revenue visibility. NXP is also gaining traction in China, where rapid adoption of advanced vehicle architectures is creating additional demand for its automotive processors, networking and connectivity solutions. With software-defined vehicles becoming mainstream, NXP appears well-positioned to benefit.
NXP Semiconductors carries a Zacks Rank #3.
NVIDIANVIDIA is becoming a key technology partner for automakers developing AI-powered and AVs. General Motors has collaborated with NVIDIA to use the company's AI technology for next-generation vehicles and manufacturing, while the automaker will also build future vehicles on NVIDIA's DRIVE AGX platform to accelerate the deployment of autonomous driving capabilities. NVIDIA has also deepened ties with Stellantis, Hyundai Motor and Kia, supplying its DRIVE platform and DRIVE AV software for advanced driver-assistance and Level 4 autonomous driving applications.
These partnerships reinforce NVIDIA's growing role beyond AI data centers. Its DRIVE platform integrates AI computing, perception and autonomous driving software into a single architecture, enabling automakers to build software-defined vehicles with advanced safety and connectivity features. As autonomous driving and in-vehicle AI become more mainstream, NVIDIA is well-positioned to capture a larger share of automotive semiconductor spending.
onsemi uzavřela dohody o prodeji dvou výrobních závodů v rámci strategie Fab Right. Očekává roční úspory ve výši asi 35 milionů USD, přičemž první se projeví už v roce 2027.
SCOTTSDALE, Ariz., July 07, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) today announced it has entered into definitive agreements to divest two manufacturing facilities. These planned divestitures are part of onsemi’s ongoing initiative to improve companywide manufacturing cost structure to drive sustained gross margin expansion as part of its Fab Right strategy.
onsemi’s Fab Right manufacturing strategy focuses on continuous optimization of manufacturing footprint and directs resources to the most competitive, scalable and technology-aligned operations across its global manufacturing footprint. This approach is designed to improve the company’s long-term cost structure and strengthen overall competitiveness by enabling a highly efficient manufacturing network.
Tarlac, Philippines
onsemi has entered into an agreement with Greatek Electronics Inc., a Taiwan-based semiconductor company specializing in integrated circuit packaging and testing services. The transaction is expected to close within the next three to six months, subject to customary closing conditions and regulatory approvals.
The Tarlac site will continue operating as part of onsemi’s manufacturing network throughout the transition period. The companies have established a long-term supply agreement to support ongoing production and ensure continuity for customer commitments following the close of the transaction.
Mountain Top, Pennsylvania
onsemi has also entered into an agreement with Silex Microsystems, a Sweden-based semiconductor company. The transaction is expected to close in January 2028, subject to customary closing conditions and regulatory approvals.
The extended transition period is intended to allow onsemi to continue an orderly transfer of the products currently manufactured at the site to other facilities within its network, ensuring continuity for customers and a structured migration of technologies.
These actions are expected to result in cost savings of approximately $35 million per year, with initial savings starting in 2027 and the full savings realized in 2028. This represents an important step in shaping a more focused and efficient manufacturing network. By aligning its footprint to long-term strategic priorities, onsemi is strengthening its ability to deliver sustained value to customers and stakeholders.
About onsemi
onsemi (Nasdaq: ON) delivers intelligent power and sensing technologies that enable electrification, energy efficiency, safety, and automation across automotive, industrial, and AI data center end-markets. With a highly differentiated and innovative product portfolio, onsemi helps customers solve complex challenges to achieve higher efficiency, improved performance, and lower system cost, while supporting a safer, cleaner, and more energy‑efficient world. The company is part of the S&P 500® index. Learn more at www.onsemi.com.
onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.
Caution Regarding Forward-Looking Statements:
This press release includes “forward-looking statements,” as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included or incorporated in this press release could be deemed forward-looking statements, particularly statements about the proposed divestitures, their impact on onsemi’s manufacturing cost structure and, more broadly, the impact of onsemi’s Fab Right strategy on its operating results and financial condition. Forward-looking statements are often characterized by the use of words such as “believes,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “anticipates,” “targets,” “should,” “would” or similar expressions or by discussions of strategy, plans, expectations, projections or intentions. All forward-looking statements in this document are made based on onsemi’s current expectations, forecasts, estimates and assumptions and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. Certain factors that could affect onsemi’s future results or events are described under Part I, Item 1A “Risk Factors” in the 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 9, 2026 and from time to time in onsemi’s other SEC reports. Readers are cautioned not to place undue reliance on forward-looking statements. onsemi assumes no obligation to update such information, which speaks only as of the date made, except as may be required by law.
Contacts:
Krystal Heaton
Director, Head of Public Relations
onsemi
(480) 242-6943 [email protected]
onsemi těží z rostoucí poptávky po pokročilých napájecích řešeních pro datová centra pro AI, EV a ukládání energie. Tržby z datových center pro AI ve 1. čtvrtletí 2026 vzrostly mezikvartálně o více než 30 % a letos se mají zdvojnásobit.
Key Takeaways ON is seeing rising demand for advanced power solutions across AI data centers, EVs and energy storage.AI data center revenues rose more than 30% sequentially in Q1 2026 and are expected to double in 2026.onsemi sees AI rack power content rising to about $115,000 as 800-volt architectures gain adoption. ON Semiconductor (ON - Free Report) or onsemi is benefiting from accelerating demand for advanced power solutions across AI data centers, electric vehicles (EVs), energy storage and industrial applications. The company's differentiated portfolio of silicon carbide (SiC), gallium nitride (GaN), intelligent power modules and analog power management solutions is driving stronger design wins and content growth, positioning it to outpace broader semiconductor demand.
AI infrastructure has emerged as one of ON Semiconductor's strongest growth drivers. In the first quarter of 2026, AI data center revenues increased more than 30% sequentially, nearly double management's expectations, and the company expects AI data center revenues to double year over year in 2026.
ON is benefiting from broader adoption across the entire power tree, with products deployed from high-voltage power conversion and intelligent power stages to system-level power management. The company is engaged with all major hyperscalers, multiple XPU vendors and leading power supply manufacturers, while more than 30 active programs with Flex Power span power supplies, battery backup systems and next-generation 800-volt DC architectures.
The transition to higher-voltage power architectures is significantly expanding onsemi’s content opportunity. Management expects AI racks to migrate to 800-volt designs, wherein ON’s power content per rack could increase from roughly $15,000 today to approximately $115,000, driven by higher adoption of high-voltage silicon carbide and GaN solutions. The company also believes that its proprietary vertical GaN technology and industry-leading 800-volt power conversion capabilities provide a meaningful competitive advantage in delivering higher power density and improved efficiency for next-generation AI infrastructure.
ON Semiconductor continues to benefit from growing electrification trends. The company remains the preferred power supplier for next-generation 900-volt EV platforms in China, where silicon carbide content continues to expand. At the same time, rising AI-related electricity demand is boosting investments in energy storage systems and microgrids. ON expects its energy storage business to grow more than 40% year over year in 2026, supported by differentiated silicon carbide hybrid modules for utility-scale solar inverters, renewable energy and liquid-cooled storage platforms. These diversified power applications reinforce ON Semiconductor's long-term growth prospects.
ON Faces Tough CompetitionOn Semiconductor is facing significant competition from the likes of Texas Instruments (TXN - Free Report) and Navitas Semiconductor (NVTS - Free Report) in the power semiconductors space.
Texas Instruments is gaining traction in the power semiconductor market through broad-based demand across industrial, automotive and AI data center applications. In the first quarter of 2026, analog revenues grew 22% year over year, supported by continued recovery in the industrial markets and accelerating demand from data centers. Data center revenues surged about 90% year over year, while industrial revenues climbed more than 30%, reflecting rising demand for power management, power delivery and analog solutions used in AI infrastructure. The company is also benefiting from long-term secular trends in electrification and AI.
Navitas is gaining momentum by transforming its business toward high-power GaN and SiC solutions for AI infrastructure. The company has shifted away from low-end consumer markets to focus on AI data centers, grid and energy infrastructure, performance computing, and industrial electrification. In the first quarter of 2026, revenues from these high-power markets grew 25% year over year and drove the company's return to sequential revenue growth, with management expecting these businesses to remain the primary growth engine throughout 2026. Navitas is also strengthening its competitive position through differentiated GaN and high-voltage SiC technologies tailored for next-generation AI power architectures.
ON’s Share Price Performance, Valuation & EstimatesShares of onsemi have appreciated 68.4% year to date, outperforming the broader Zacks Computer and Technology sector’s rise of 14.7%.
ON Stock Outperforms Sector
Image Source: Zacks Investment Research
The ON Semiconductor stock is trading at a premium, with a forward 12-month price/earnings of 24.4X compared with the broader sector’s 22.73X. ON has a Value Score of D.
ON’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ON’s 2026 earnings is currently pegged at $3.09 per share, up 4.4% over the past 60 days, suggesting 31.5% growth from the 2025 reported figure.
On Semiconductor currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Onsemi se dohodla na akvizici Synaptics v čistě akciové transakci za zhruba 7 miliard USD. Obchod má posílit její pozici na trhu čipů pro zařízení s umělou inteligencí.
An Onsemi logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesJune 25 (Reuters) - Onsemi (ON.O), opens new tab said on Thursday it had agreed to acquire Synaptics (SYNA.O), opens new tab in an all-stock deal valued at about $7 billion, potentially broadening the chipmaker's presence in the fast-growing market for AI-enabled devices
Shares of Onsemi fell about 7.4% in extended trading, while those of Synaptics were down 0.5%.
Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.
Under the terms of the agreement, Synaptics shareholders will receive 1.350 shares of onsemi common stock for each Synaptics share. This exchange ratio represents a 19% premium based on the 10-day volume-weighted average closing prices of both companies' stocks.
"This transaction would add immediate connected compute capabilities, expand our software and ecosystem reach and position onsemi to deliver greater value as customers increasingly seek intelligent systems," Onsemi CEO Hassane El-Khoury said.
Reporting by Jaspreet Singh in Bengaluru; Editing by Anil D'Silva
Our Standards: The Thomson Reuters Trust Principles., opens new tab
