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Counterpoint Mutual Funds LLC acquired a new stake in shares of onsemi (NASDAQ:ON – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 138,377 shares of the semiconductor company’s stock, valued at approximately $10,637,000. onsemi comprises about 0.9% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 13th largest position.

Other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. lifted its position in shares of onsemi by 3,650.4% in the third quarter. TD Waterhouse Canada Inc. now owns 26,740 shares of the semiconductor company’s stock worth $2,140,000 after buying an additional 26,027 shares in the last quarter. Michael J. Porro & Co. Financial Advisors Inc. bought a new position in onsemi during the third quarter valued at approximately $321,000. V Square Quantitative Management LLC boosted its stake in onsemi by 75.0% during the third quarter. V Square Quantitative Management LLC now owns 6,807 shares of the semiconductor company’s stock valued at $523,000 after buying an additional 2,917 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in onsemi by 7.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,026,628 shares of the semiconductor company’s stock valued at $232,657,000 after buying an additional 218,820 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. grew its holdings in onsemi by 7.9% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 4,565 shares of the semiconductor company’s stock valued at $351,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Transactions at onsemi In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of onsemi stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the transaction, the insider directly owned 158,177 shares of the company’s stock, valued at $12,654,160. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes A number of analysts have issued reports on the company. Cantor Fitzgerald reduced their price objective on onsemi from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. Evercore restated an “outperform” rating and issued a $137.00 price target on shares of onsemi in a research report on Friday, June 26th. B. Riley Financial dropped their price objective on shares of onsemi from $135.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Robert W. Baird boosted their target price on shares of onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Seaport Research Partners assumed coverage on shares of onsemi in a report on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, onsemi presently has an average rating of “Moderate Buy” and a consensus target price of $95.56. Check Out Our Latest Report on ON

onsemi Price Performance Shares of onsemi stock opened at $72.02 on Friday. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 46.17, a price-to-earnings-growth ratio of 0.60 and a beta of 2.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. The stock has a 50 day moving average price of $75.76 and a 200-day moving average price of $89.66. onsemi has a one year low of $44.56 and a one year high of $134.92.

onsemi (NASDAQ:ON – Get Free Report) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Equities analysts expect that onsemi will post 3.21 EPS for the current year.

onsemi News Roundup Here are the key news stories impacting onsemi this week:

Positive Sentiment: StoneX initiated coverage with a “Strong Buy” rating and reportedly sees substantial upside, citing onsemi’s exposure to automotive and industrial chips, improving supply conditions and firmer pricing. StoneX initiates coverage of ON Semiconductor with buy Positive Sentiment: Sungrow is adopting onsemi’s EliteSiC silicon-carbide hybrid power modules for its PowerTitan 3.0 utility-scale energy-storage platform. The collaboration targets system efficiency of up to 99.3%, supporting onsemi’s positioning in renewable-energy and battery-storage applications. onsemi and Sungrow Target 99.3% Efficiency in Utility-Scale BESS Positive Sentiment: Vadzo Imaging validated an onsemi AR0521 5-megapixel image sensor in a camera platform using a Rockchip processor. The design win provides additional evidence of demand for onsemi’s imaging products in embedded and industrial applications. Vadzo Imaging Validates Low Noise Imaging on Bolt-521CRS Neutral Sentiment: Third-quarter results are scheduled for November 2, 2026, after the market close. Investors will focus on whether automotive, industrial and power-management demand supports the company’s outlook. Previous quarterly results exceeded consensus estimates, and current guidance calls for third-quarter EPS of $0.81–$0.93. onsemi to Announce Third Quarter Financial Results Negative Sentiment: Near-term sentiment remains pressured by valuation and technical factors. onsemi trades at a relatively elevated earnings multiple while its shares remain below key moving averages, leaving investors sensitive to any signs of weaker demand, margin pressure or cautious guidance ahead of earnings. About onsemi (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.

See Also Five stocks we like better than onsemi Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for onsemi (NASDAQ:ON – Free Report).

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SCOTTSDALE, Ariz., Oct. 15, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) plans to announce its financial results for the third quarter, which ended October 2, 2026, after market close on Monday, November 2, 2026.

The company will host a conference call at 5 p.m. Eastern Time (ET) on November 2, 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 crashed hard in 2025, but the numbers coming out of its latest quarter tell a very different story, and the question now is whether the market has fully caught on yet.

SummaryON Semiconductor is rated a "Buy", driven by improving profitability, strong cash flows, and exposure to long-term growth trends in automotive and AI data centers.Q2 2026 saw 9% revenue growth, but adjusted EPS grew four times faster, reflecting operational efficiency and disciplined expense control.ON's 'Fab Right' strategy targets production cost reductions and margin expansion, while robust free cash flow supports aggressive share buybacks.The Synaptics acquisition at a reduced $5.7B price, if integrated successfully, could broaden ON's product portfolio and accelerate EPS growth.Just_Super/iStock via Getty Images

Thesis ON Semiconductor Corporation (ON) is also known as onsemi. It is a United States semiconductor company that creates power management and sensor technologies. Its solutions are used in the automotive industry, energy infrastructure, and AI data centers. The company's

141 Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Stifel analyst Tore Svanberg raised the price target for ON Semiconductor (NASDAQ:ON) from $75 to $80. With the inventory correction largely complete but demand recovery still developing, the analyst maintained the Hold rating on the stock.

• ON Semiconductor shares are consolidating. What’s the outlook for ON shares?

Cautious About Demand Recovery PaceThe analyst cites the need for greater visibility into the recovery across its Industrial and Automotive businesses following the recent inventory correction.

At the same time, ON Semi’s growing design-win pipeline across AI/data centers, electric vehicles and energy infrastructure could support stronger margins and provide exposure to a $213 billion total addressable market by 2030, notes the analyst.

The analyst expects the company to report third-quarter revenue slightly above its $1.70 billion estimate, with non-GAAP EPS of 87 cents (versus consensus of 88 cents).

For the fourth quarter, Svanberg forecasts revenue of $1.73 billion, in line with Street consensus, along with non-GAAP EPS of 97 cents versus the 95 cents consensus. The projected December-quarter revenue growth is also above the five-year seasonal average decline of 1.8%.

Estimates Double-Digit Long-Term GrowthThe analyst expects the company to eventually deliver its 12%-14% long-term revenue CAGR target, aided by its diversified customer base and presence across multiple end markets.

Svanberg also believes On Semi’s business transformation and leaner cost structure have improved its margin floor during downturns.

Despite the improving backdrop, the analyst remains cautious about the timing and strength of further gross-margin expansion following the 80-basis-point sequential improvement.

Higher costs could weigh on margins in the near to medium term, while management has yet to see a meaningful Automotive inventory replenishment cycle, adds the analyst.

Read Next

ON Stock Price Activity: ON Semiconductor shares were up 1% at $85.76 at the time of publication on Monday.

Photo via Shutterstock 

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SummaryON Semiconductor is executing a successful turnaround, driven by its Fab Right strategy and AI-driven demand tailwinds.AI data center and SiC products are structural growth engines, with management expecting AI data center revenue to more than double by 2026.ON is undervalued versus peers, with a FWD PEG of 0.68x and leading FCF margins, while cost savings and higher utilization drive margin expansion.I reiterate a BUY rating, citing structural growth, margin expansion, and undervaluation, while noting risks from China exposure and input cost pressures. JHVEPhoto/iStock Editorial via Getty Images

Investment Thesis Since my last article about ON Semiconductor Corp. (ON), or onsemi, the stock is up almost 45%. The market is convinced that ON could represent a successful turnaround story, based on its Fab

1.78K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ON over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

25.9.2026 22:08

Americké indexy končí týden na růstové vlně když v hlavní roli jsou pozitivní zprávy z americké války s Íránem. I nadále platí rozkolísanost cen většiny aktiv od dluhopisů po komodity. Tahounem dobré nálady dnes byly technologické tituly, kde i nadále hraje prim rozvoj AI.

Index Dow Jones +0,93 % na 51828,62 b.
S&P 500 +0,51 % na 7743,41 b.
Nasdaq Composite +0,48 % na 27068,72 b.

Index S&P 500 +0,51 % na 7743,41 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +1 % Energie -0,9 % Průmysl +0,9 % Komunikační služby -0,7 % Finanční sektor +0,5 % Reality -0,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Bloom Energy Corp (BE) +8,3 % Gen Digital (GEN) -6,3 % ON Semiconductor Corp (ON) +5,5 % Charter Communications (CHTR) -4,0 % Microchip Technology (MCHP) +5,4 % Palo Alto Networks (PANW) -3,9 % Generac Holdings (GNRC) +5,1 % Devon Energy Corp (DVN) -3,8 % Dell Technologies (DELL) +5,0 % Cboe Global Markets (CBOE) -3,7 %
Martin Varecha
Fio banka, a.s.
Prohlášení

Onsemi (NASDAQ:ON) is well positioned to benefit from rising data center power demand, Jefferies said, arguing that investor concerns about margins following the semiconductor maker’s recent analyst day were overstated.

The broker said Onsemi (NASDAQ:ON)’s 53% gross margin target should be viewed as a milestone rather than a ceiling, with margins potentially rising as volumes increase, costs fall and differentiated data center products ramp.

Jefferies expects the data center opportunity to expand as 800-volt architectures gain traction across both high-voltage and low-voltage applications, supporting onsemi’s targets for the business.

In high-voltage silicon carbide, Jefferies expects Infineon and onsemi to divide the opportunity, while onsemi believes it has an advantage in vertical power delivery and remains the only supplier of its smaller-scale vertical gallium nitride technology.

The broker also identified embedded power products as an additional opportunity across data centers and automotive applications, with gross margins expected to exceed onsemi’s corporate average.

Onsemi’s vertical power delivery solution has a 2mm z-height compared with about 5mm for competing products, an advantage as data center racks become more compact, Jefferies said.

The company expects its first embedded power product revenue in late 2027, while a new low-power-density Vcore win with a major customer should begin contributing in late 2026.

Onsemi also highlighted a board-level power win worth hundreds of dollars per graphics processing unit, while its gallium nitride technology remains on track to begin shipping in 2027.

Jefferies said pricing remains favorable, with onsemi passing through higher input costs and securing increases where supply is constrained.

The broker raised its 2026 and 2027 revenue estimates by 1% and 3%, respectively, and its 2027 EPS forecast by 5%, while maintaining a cautious but more constructive view of the company’s data center growth opportunity.

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ON Semiconductor shed nearly half its value in three months while its peers barely flinched, yet one Wall Street analyst just doubled down with the most aggressive price target on the Street. The disconnect between the selloff and the operating…

ON Semiconductor (NASDAQ:ON | ON Price Prediction) trades at $68.30 after a brutal summer, while the average Wall Street price target sits at $106.88. That leaves the stock roughly 56% below where analysts, on average, think it should trade.

ON is the Phoenix-based designer behind onsemi, a top supplier of intelligent power and sensing chips for cars, factories, and increasingly, AI server racks. Its EliteSiC silicon carbide and GaNEXUS gallium nitride families are pitched as the plumbing for 800-volt vehicle platforms and the next generation of hyperscaler power trees. Wall Street cares because that story sits at the intersection of two of the biggest capex cycles in tech.

Even after a brutal selloff, business metrics are improving and analysts have not wavered. One has doubled down.

A Three-Month Wipeout in a Rallying Market Shares of ON have plunged 43.84% over the past three months, a decline steep enough to qualify as a full-blown crash. The stock started that window at $121.62 and has bled all the way down to its current level, with a 14% drop just in the last month.

The selloff came despite strong results. Q2 fiscal 2026 revenue of $1.60 billion beat estimates and rose 9.18% year over year, with non-GAAP EPS of $0.74 topping the $0.7153 consensus. Shares popped more than 5% after the report. The unwind has been driven by broader concerns: high automotive exposure, China cyclicality, a rich trailing valuation, and profit-taking after a run that had ON near $134.92 on a 52-week basis. The peer group softened too, but ON fell harder and faster.

Why Susquehanna Still Sees Roughly 120% Upside Analysts have not chased the stock lower. Coverage sits at 2 Strong Buy, 11 Buy, 16 Hold, and zero Sell ratings, and estimate revisions have skewed sharply higher, with 25 upward EPS revisions for fiscal 2026 in the trailing 30 days against just two down.

Susquehanna’s Christopher Rolland reiterated a Buy with a Street-high $150 price target, implying roughly 120% upside from $68.30. His thesis: EliteSiC capturing dominant share as EV platforms shift from 400V to 800V architectures, AI data center power scaling through smart power stages and point-of-load converters, and gross margins recovering toward 40%+.

Management backs that narrative. AI data center is now expected to more than double in 2026. CEO Hassane El-Khoury told investors, “Our growth in data center is literally from the wall to the core.” Silicon carbide revenue in data centers is guided to grow nearly 60% year over year, with content per rack jumping from $15,000 to $115,000 in an 800-volt DC architecture. Non-GAAP gross margin already expanded to 39.3%, with Q3 guidance calling for 40% to 42%.

Analog Peers Held Up While ON Broke Down This selloff is largely a single-name story. Peers softened but held ground.

NXP Semiconductors (NASDAQ:NXPI) trades at $227.95 against a target of $311.10, roughly 36% of implied upside. NXPI is up 5.02% year to date with 6 Strong Buy, 16 Buy, 7 Hold and 1 Sell ratings, a solidly bullish tilt.

Analog Devices (NASDAQ:ADI) has been the sector standout, up 33.72% year to date at $362.65 against a $470.72 target, about 30% upside. Coverage skews aggressively bullish at 7 Strong Buy, 24 Buy, 3 Hold.

ON’s analyst-implied upside is the widest in the group. That makes ON the outlier in the group.

Numbers That Frame the Setup ON trades at $68.30 versus a consensus target of $106.88 from 30 covering analysts, implying 56% upside to the average and about 120% to Susquehanna’s $150. The forward P/E of 16 reflects the sharp fiscal 2026 earnings ramp analysts are modeling toward $3.2028 full-year EPS.

ON is up 26.13% year to date, ahead of the S&P 500‘s 11.85%, but that lead was built and lost in a violent round trip. Over three months, ON’s 43.84% drawdown stands in stark contrast to a flat-to-up broad market.

Where I Land on ON at $68 The bull case for ON here rests on the AI data center ramp and silicon carbide share gains materializing over the next few quarters. Q3 guidance already points to gross margins of 40% to 42%, book-to-bill has been above 1 for several quarters, and lead times have extended to roughly 32 weeks. Deliver on those numbers and even the consensus $106.88 becomes conservative.

The bear case centers on automotive weakness in Europe, China exposure, and the pending Synaptics acquisition integration risk are what the market is pricing in. A stalled industrial recovery or a slip in AI content per rack could keep the multiple compressed.

My lean is cautiously bullish. The analyst dispersion is wide for a reason, but the operating data is moving in the bulls’ direction, and ON’s dislocation looks larger than the fundamentals justify.

Contact [email protected] for any questions or corrections.

3 Robotics Stocks Under $10: Value, Momentum, or Bet?onsemi NASDAQ: ON outlined a strategy centered on power-density technologies for artificial intelligence data centers, electric vehicles, industrial systems and “Physical AI,” while setting long-term revenue, margin and free-cash-flow targets through 2030.

At the company’s analyst event, President and CEO Hassane El-Khoury said AI infrastructure is increasingly constrained not only by compute and memory, but by the ability to efficiently deliver and manage power. He said future systems will require power that is distributed, efficient and able to operate under sustained peak loads.

Get onsemi alerts:

MarketBeat Week in Review – 08/03 - 08/07“More power is really not enough,” El-Khoury said. “We need better power.”

Embedded Power Platform and high-voltage technologies The company introduced its Embedded Power Platform, or EPP, which it described as a platform rather than a single product. EPP uses a silicon wafer as an active package and embeds heterogeneous semiconductor products, including silicon carbide and gallium nitride components, into a wafer-level architecture. onsemi said the approach is intended to improve electrical, thermal and mechanical performance simultaneously while reducing system-development time.

The AI Chip Stock Making a Quiet Move Toward DominanceEl-Khoury said EPP is already being sampled for automotive, industrial and AI data-center applications using the company’s existing 12-inch manufacturing process. He said the platform can be used with onsemi’s high-voltage technologies and its Treo intelligence platform, which is designed to support modular power-control solutions across voltage levels and end markets.

The company also highlighted vertical gallium nitride, or vGaN, technology. El-Khoury said onsemi has developed, sampled and manufactured vertical GaN devices that have been placed on customer boards for automotive, industrial and AI data-center applications. He said production is supported by the company’s Syracuse facility and would not require a new greenfield fab investment.

Subaru said it is evaluating onsemi’s embedded power module technology for future vehicle platforms. A Subaru representative said the technology could offer higher power density, dual-sided cooling, improved electrical control and system-level cost reductions, though the automaker said it continues to evaluate how the technology may fit into its vehicle plans.

AI data-center opportunity Achyut Shah, president of onsemi’s Power Solutions Group, said AI processors are moving from consuming hundreds of watts toward kilowatt-scale power requirements, while rack-level power needs are rising from tens of kilowatts toward megawatts. He said this transition will require a shift from traditional AC distribution architectures to high-voltage DC systems extending from the grid to computing equipment.

Shah said the initial transition toward higher-voltage rack designs and sidecar architectures is expected to begin ramping in the next 12 to 18 months. He said broader adoption of solid-state transformers could begin around late 2028 or early 2029.

According to Shah, onsemi estimates its semiconductor content opportunity could increase from about $15,000 per rack to more than $115,000 per rack as data-center infrastructure transitions to higher-voltage architectures. He said the company expects AI data-center revenue to exceed $500 million in 2026, more than double from the prior year, and to double again in 2027. The company’s long-term model assumes AI data-center revenue grows at least 10 percentage points faster than the underlying market through 2030.

Using a hypothetical 40% market compound annual growth rate, Shah said onsemi projects its AI data-center revenue could grow at least 50% annually from a $500 million base in 2026 to more than $2.5 billion in 2030.

The company cited several claimed product-performance benchmarks, including an 800-volt-to-6-volt or 12-volt conversion system using vGaN that it said offers 20% better efficiency and 20% lower size than competing solutions. It also described an EPP-based silicon carbide JFET solid-state circuit-breaker design that it said is 50% smaller and operates 20% cooler than the nearest competing product.

Shah also announced that onsemi won a “major” Vcore socket, with revenue expected to begin by the end of 2026.

Automotive and industrial growth plans Sudhir Gopalswamy, group president for Intelligent Sensing and Analog and Mixed-Signal Group, said onsemi expects automotive revenue to grow about 9% annually from 2026 through 2030, despite the company’s assumption that global light-vehicle production, or SAAR, remains flat during that period.

The automotive strategy is built around electrification, autonomous-driving content and software-defined vehicles using zonal electrical architectures. Gopalswamy said the company plans to continue advancing silicon carbide performance, increase device-voltage capability toward 1,400 volts to support 1,000-volt batteries, and introduce intelligent current controllers for traction inverters.

He said onsemi is sampling an intelligent silicon carbide current-controller solution this month. The company expects the pairing of current sensing and control capabilities to provide a “one-generation” performance improvement while reducing certain system bill-of-materials costs.

For EPP-based traction inverters, Gopalswamy said the platform could double power while using half the area, resulting in four times the power density. He also projected that onsemi’s opportunity across electrification, advanced driver-assistance systems and zonal architectures could reach up to $2,000 of content per vehicle.

In industrial markets, the company is targeting 10% growth through 2030, supported by grid upgrades, energy infrastructure, industrial automation and the broader AI-driven demand for power systems. Gopalswamy said Physical AI applications, excluding automotive, represent a potential $6 billion addressable market for onsemi by 2030. He said humanoid robots could represent about $900 of potential company content per unit by that year.

Financial targets and capital allocation CFO Thad Trent said onsemi has invested $8.7 billion over the past five years, including $3.6 billion in research and development, $800 million for five tuck-in acquisitions and $4.3 billion in capital expenditures. He said the investments were directed toward power platforms, sensing, silicon carbide, vertical GaN and manufacturing capacity.

Trent said the company expects its addressable market to expand by $81 billion, including $45 billion related to AI data centers, $20 billion in automotive and $16 billion in industrial markets.

Company revenue growth target of 12% to 14% annually from 2026 through 2030. Revenue of just under $11 billion in 2030, based on 2026 Street consensus as the baseline. Gross-margin target of 53%. Operating-margin target of 38%. Capital intensity of about 5% of revenue. Free-cash-flow margin target of 30% to 35%, with free cash flow exceeding $3.5 billion in 2030. Trent said the financial model excludes the proposed Synaptics transaction. He said onsemi expects Synaptics, if the deal closes, to grow at more than 15% over the long term, generate gross margins above 55% and produce more than $200 million in synergies over the first 18 months.

The company said it plans to continue investing in organic growth and acquisitions, maintain balance-sheet flexibility and return 100% of free cash flow to shareholders after those priorities. Trent said onsemi has $5.3 billion remaining under its existing share-repurchase authorization.

About onsemi (NASDAQ:ON)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.

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Platform uses silicon wafer itself as the package and introduces a highly integrated approach to power system design across automotive, industrial, and AI

SCOTTSDALE, Ariz., Sept. 16, 2026 (GLOBE NEWSWIRE) -- onsemi (NASDAQ: ON) today outlined its long-term growth strategy to lead one of the largest and most consequential technology shifts of the next decade by solving the growing power constraints limiting the advancement of AI, electrification and automation.

California State Teachers Retirement System lifted its position in onsemi (NASDAQ:ON – Free Report) by 11,638.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,231,686 shares of the semiconductor company’s stock after acquiring an additional 54,761,166 shares during the quarter. California State Teachers Retirement System owned approximately 14.19% of onsemi worth $5,221,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ON. Twin Capital Management Inc. purchased a new stake in onsemi in the 4th quarter valued at about $585,000. North Dakota State Investment Board purchased a new position in shares of onsemi in the 4th quarter worth approximately $784,000. Allstate Corp boosted its stake in shares of onsemi by 89.0% in the 4th quarter. Allstate Corp now owns 28,136 shares of the semiconductor company’s stock worth $1,524,000 after buying an additional 13,250 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of onsemi by 103.0% in the first quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company’s stock valued at $5,516,000 after acquiring an additional 45,200 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of onsemi during the fourth quarter valued at approximately $2,777,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

onsemi News Summary Here are the key news stories impacting onsemi this week:

Positive Sentiment: onsemi’s latest quarterly results remain a supportive backdrop: revenue increased 9.2% year over year, EPS exceeded consensus, and management provided third-quarter 2026 EPS guidance of $0.81–$0.93. However, these results were reported previously and are not a fresh catalyst today. Neutral Sentiment: The broader semiconductor sector has recently benefited from enthusiasm around artificial-intelligence infrastructure and advanced-chip demand, which could provide some support for onsemi’s power and automotive semiconductor businesses. Why Onto Innovation Stock Is Up Today Negative Sentiment: Recent market coverage highlighted onsemi’s 4.44% decline in the prior trading session, reflecting heavier selling than the broader market. The stock is also trading below its 50-day and 200-day moving averages, indicating continued technical pressure and limited near-term momentum. ON Semiconductor Falls More Steeply Than Broader Market Negative Sentiment: A Seeking Alpha analysis characterized the stock’s recent setup as a potential “bull trap,” raising concerns that optimism about an AI-driven portfolio refresh may not yet be translating into sustained earnings momentum. That caution may be weighing on investors following the recent selloff. ON Semiconductor’s Bull Trap Over Analysts Set New Price Targets A number of analysts recently commented on the company. Citigroup dropped their price target on onsemi from $120.00 to $98.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Stifel Nicolaus upped their price objective on onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Truist Financial set a $40.00 target price on onsemi in a research report on Wednesday, August 12th. Susquehanna lifted their target price on onsemi from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Thursday, July 9th. Finally, TD Cowen cut their price target on shares of onsemi from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, onsemi presently has an average rating of “Moderate Buy” and an average target price of $96.44. Check Out Our Latest Report on onsemi

onsemi Price Performance Shares of NASDAQ ON opened at $70.98 on Thursday. The stock has a fifty day simple moving average of $82.31 and a two-hundred day simple moving average of $87.33. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 0.58 and a beta of 2.00. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON – Get Free Report) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts anticipate that onsemi will post 3.23 earnings per share for the current year.

onsemi Profile (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.

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The chip stock’s dip to a key trendline has historically preceded double-digit gains within a month.ON Semiconductor (NASDAQ:ON) stock has trimmed 24% since its June 3 record high of $134.92. The shares are up 1.3% today, putting them on track for their fifth positive session in seven. Despite the bounce today, the broader pullback has ON testing a historically bullish trendline, potentially setting the stage for further upside.

According to Schaeffer’s Senior Quantitative Analyst Rocky White, ON shares are within 0.75 of their 260-day moving average’s 20-day average true range (ATR), after remaining below it 80% of the time in the past two weeks and in 80% of the last 42 trading sessions. This signal has occurred eight times in the last 10 years, after which the stock was higher one month later 86% of the time, averaging a 9.12% gain. From their current perch at $75.53, a surge of this magnitude would put the shares back above the $80 for the first time in three weeks.

Schaeffer's Investment Research

Schaeffer's DCG

Despite the summer drawdown, ON is up 35% in 2026. Should the shares bounce from this historically bullish trendline, it could prompt a shift in analyst sentiment; 17 of the 28 brokerages in coverage maintain tepid “hold” ratings. A short squeeze could also be in play. Short interest has tapered off by 5.66% in the most recent reporting period, though the 29.17 million shares sold short still account for 7.42% of ON’s available float.

The options pits are predominantly focused on calls, despite limited absolute volume. In the past 10 days, 9,515 calls have exchanged hands on the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), compared to 941,554 puts. The resultant call/put volume ratio of 6.12 sits in the 80th percentile of its annual range, suggesting a healthier-than-usual appetite for bullish bets of late. Reflecting this broader bullish sentiment, the semiconductor’s Schaeffer’s put/call open interest ratio (SOIR) of 0.72 sits in just the 2nd percentile of its annual range, suggesting short-term option players have rarely been more call-heavy during the past 12 months.

Premium purchasing looks like an intriguing route. ON has consistently beaten options traders’ volatility expectations over the last year, earning a Schaeffer’s Volatility Scorecard (SVS) rating of 87 out of 100.

3 Robotics Stocks Under $10: Value, Momentum, or Bet?onsemi NASDAQ: ON executives said demand conditions have improved across the company’s end markets, with automotive appearing to have reached a bottom in the first quarter and artificial intelligence data-center demand providing a significant source of growth.

Speaking at the Deutsche Bank Technology Conference, Chief Executive Officer Hassane El-Khoury said the company is now shipping to “natural demand” across its markets, which he characterized as an equilibrium rather than necessarily strong demand. He cited book-to-bill above parity, longer visibility into 2027 and, in some cases, 2028, and extending lead times as signs of improving market conditions.

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MarketBeat Week in Review – 08/03 - 08/07El-Khoury said onsemi has capacity in place and does not anticipate a major capital-expenditure cycle. However, he cautioned that a sharp demand recovery could create constraints, particularly in technologies shared by automotive and AI data-center customers. The company previously said it made allocation trade-offs between automotive and AI data-center demand in certain power technologies.

“If we get orders today and they need them in October, November, and you get a snapback of orders,” El-Khoury said, lead times could extend and allocation could return. He said such a scenario could be more challenging than the COVID-era shortage environment because AI data centers are now a major consumer of manufacturing capacity.

Utilization, inventory and pricing The AI Chip Stock Making a Quiet Move Toward DominanceChief Financial Officer Thad Trent said onsemi’s factory utilization rose to 83% in the most recent quarter from 68% at the end of last year. He said fully utilized operations would be in the 92% to 93% range. The company’s wafer-to-finished-product cycle time is typically four to six months, while inventory held in die banks can be launched into back-end production on a roughly two-week cycle.

Trent said channel inventory is within onsemi’s targeted range of 10 to 11 weeks. He added that automotive customers generally appear to have worked through inventory digestion, though some remain “dangerously low” on inventory. The company also described its balance-sheet inventory as healthy.

On pricing, Trent said onsemi implemented a first price action in April and is undertaking another round. He said the moves are primarily intended to pass through inflation-related input costs that have already affected the company’s profit and loss statement. The company is also selectively raising prices on constrained products and supply lanes.

AI data center and power infrastructure El-Khoury said onsemi’s AI data-center revenue is generated across the “power tree,” from high-voltage power products closer to the electrical plug through smart power stages near XPUs. The company raised its 2026 outlook for the business from doubling revenue year over year to more than doubling it, after the first two quarters exceeded its prior expectations.

The CEO said the business is diversified across customers and regions, while the company’s go-to-market strategy varies by the location of its products in the data-center power architecture. Products placed directly on boards generally involve engagements with hyperscalers or GPU and XPU vendors, while other power-conversion products are sold through power-system providers.

El-Khoury also highlighted a prospective transition to 800-volt architecture in data centers beginning around late 2027 or early 2028. He said onsemi has more than five years of experience with 800-volt systems in automotive and is sampling vertical gallium nitride, or GaN, products for both AI data-center and automotive uses.

According to El-Khoury, onsemi’s vertical GaN development was primarily organic, supplemented by a small tuck-in acquisition that added intellectual property. Its vertical GaN manufacturing facility is located in Syracuse, New York. The company also works with Innoscience and GlobalFoundries on lateral GaN, while developing controls and drivers internally through its Treo platform.

Beyond data-center walls, El-Khoury said energy infrastructure is benefiting from an “AI halo” tied to the buildout of AI computing infrastructure. He said onsemi’s energy-infrastructure business is growing 40% year over year and that secular applications represent about 60% of its industrial business. Areas cited included energy storage systems and solid-state transformers, which could gain electronics content as the industry moves toward 800-volt systems.

Automotive, robotics and Synaptics In automotive, El-Khoury said onsemi expects roughly 6% year-over-year growth despite vehicle production, or SAAR, being flat to slightly down. The company continues to target high-single-digit growth above SAAR through increased semiconductor content. He pointed to electrification, including plug-in hybrids using silicon carbide, as well as software-defined vehicle architectures and zonal systems.

The company said its Treo 65-nanometer mixed-signal analog platform supports products including automotive Ethernet connectivity, smart-power devices and controllers. El-Khoury said Treo-based products carry gross margins in the 60% to 70% range and that onsemi has discussed a $1 billion revenue target for the platform by 2030.

El-Khoury also described robotics as an existing growth area within physical AI, particularly factory automation and autonomous mobile robots. onsemi supplies power, sensing and control products, including ultrasonic, inductive and image sensors. He said humanoid robotics could see volume growth in one to two years, but is not expected to immediately outweigh existing robotics segments.

Regarding Synaptics, El-Khoury said the planned combination would add connected-compute capabilities to onsemi’s power, sensing and control portfolio. He said the companies expect the transaction to close in mid-2027 and that Synaptics also offers tactile-sensing technology relevant to robotics.

Margin outlook and capital spending Trent said onsemi’s near-term gross-margin recovery is expected to be driven chiefly by higher utilization. He estimated that each percentage point of utilization improvement contributes roughly 25 to 30 basis points of gross margin, and said under-absorption represented a 650-basis-point headwind in the second quarter.

He also cited approximately 200 basis points of potential benefit from manufacturing-footprint initiatives, 200 basis points from a favorable product mix including Treo-based products, and about 200 basis points as bridge inventory associated with prior fab divestitures is depleted and production is brought into onsemi’s own footprint.

The company said it completed its planned exit from $900 million of annualized low-margin business at the end of the second quarter. Trent said onsemi is now in maintenance mode for capital spending, with CapEx expected to remain at a mid-single-digit percentage of revenue for several years. He said revenue would need to increase about 30% from current levels before the company would need to consider adding manufacturing capacity.

About onsemi (NASDAQ:ON)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.

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Wolfspeed (NYSE:WOLF | WOLF Price Prediction) stock is down 12% to $25.74 in Thursday morning trading after the silicon carbide chipmaker posted a fiscal Q4 2026 adjusted loss that came in far wider than analysts expected. Meanwhile, ON Semiconductor (NASDAQ:ON) stock is down 2% to $74.83, drifting lower with the tape rather than reacting to fresh company news. For a broader sector context, the iShares Semiconductor ETF (NASDAQ:SOXX) is down 0.5% to $517.20, a sign the market is treating today’s move as a company-specific event rather than a broader chip selloff.

Even after the drop, Wolfspeed stock remains sharply higher for the year. Through Wednesday’s close, WOLF was up 67% YTD, ON stock was up 41%, and the SOXX ETF was up 73%. Today’s reaction is being layered onto a name that has already rallied hard off its lows.

A Wider Loss Than the Street Modeled [stock_chart symbol=”WOLF”]

Wolfspeed reported an adjusted loss of $2.26 per share for the Q4 2026 quarter ended June 28, considerably wider than analysts expected. Revenue came in at $149.6 million, and adjusted non-GAAP gross margin remained negative at 20%. Those numbers frame a business still working through a heavy fixed-cost base after emerging from Chapter 11.

Product segment mix continued to lean on power. Power Products revenue came in at $106.3 million while Materials Products revenue was $43.3 million. The materials line has been the softer part of the story as customers digest inventory and transition toward 200mm substrates.

The bright spot was AI data center demand, where Wolfspeed revenue increased 20% from the prior quarter. For fiscal Q1 2027, management guided revenue to $140 million to $160 million, with the midpoint near the $150.4 million analyst estimate, and non-GAAP operating expenses of $62 million to $66 million. TD Cowen maintained its Hold rating on Wolfspeed stock following the report, signaling Wall Street sees the transformation continuing but hasn’t yet moved to a more constructive stance.

Why ON Semiconductor Isn’t Following the Move [stock_chart symbol=”ON”]

ON Semiconductor and Wolfspeed both make silicon carbide power products used in electric vehicles, AI data centers, industrial power conversion, and renewable energy. However, ON had no earnings catalyst today and is trading lower more in line with the broader tape than as a direct read-through from Wolfspeed’s results.

ON stock is up 41% YTD through Wednesday’s close, and some traders are quicker to trim on any semi-related earnings reaction, even when the news doesn’t target ON directly. The Wolfspeed report does not carry a direct read-through to ON’s own products or customer mix.

The sector backdrop supports that read. With SOXX down only 0.5% while Wolfspeed stock is down 10%, traders are isolating the disappointment to Wolfspeed’s execution rather than to silicon carbide demand or the wider semiconductor cycle.

Silicon Carbide Bet Rests on Margin Recovery Wolfspeed emerged from Chapter 11 restructuring in September 2025 and has been working to reduce its debt and its cost of capital. CEO Robert Feurle stated, “We continued to expand our device business, highlighted by strong growth in AI data center applications and the launch of our fifth-generation SiC MOSFET.” The bull case rests on that AI ramp eventually filling the fabs and lifting utilization; the bear case is that a negative 20% gross margin means every incremental sale still loses money at the gross line.

That gap makes Wolfspeed stock a turnaround wager rather than a play on current earnings. Traders could look for signs that AI data center revenue growth accelerates enough to lift factory utilization and push gross margin back toward zero. Given the wide loss, negative gross margins, and WOLF stock’s sharp YTD run, position sizing should stay modest until Wolfspeed’s margin trajectory becomes clearer.

Contact [email protected] for any questions or corrections.

3 Robotics Stocks Under $10: Value, Momentum, or Bet?onsemi NASDAQ: ON executives said the company is increasing factory utilization to meet stronger demand in AI data center markets while maintaining its longer-term focus on automotive and industrial customers.

Speaking at a KeyBanc Capital Markets event, President and CEO Hassane El-Khoury said the company’s decision to prioritize certain data center demand was a temporary operating adjustment rather than a strategic shift away from automotive and industrial markets. While finished products cannot be redirected once packaged for specific applications, he said manufacturing capacity remains flexible through most of the production process.

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MarketBeat Week in Review – 08/03 - 08/07“From a fab perspective, not just from a fab, all the way to technology, it is fungible,” El-Khoury said. He cited 1,200-volt silicon carbide products that can be used in automotive 800-volt systems or AI data center applications. The company can make allocation decisions until products are roughly two weeks from completion, he said, compared with lead times of more than 30 weeks for new production.

Utilization Seen Supporting Margins El-Khoury said onsemi has capacity available and does not need a new capital-expenditure cycle to address current demand. The company raised utilization to 83%, while full utilization is generally in the 92% to 93% range, he said. Capital spending remains planned at a mid-single-digit percentage level.

The AI Chip Stock Making a Quiet Move Toward DominanceChief Financial Officer Thad Trent said utilization is expected to be the primary driver of gross-margin improvement over the next six to 12 months. The company exited the prior year with utilization at 68% before increasing it to 83% last quarter.

According to Trent, each percentage point of utilization improvement contributes roughly 25 to 30 basis points of gross-margin improvement two quarters later. He said onsemi saw margins improve in the second quarter and guided for a significant step-up in the third quarter, with further improvement expected in the fourth quarter and into the following year.

Trent also cited several longer-term margin factors:

Lower underutilization charges as factory utilization rises toward 92% to 93%. About 200 basis points of improvement from the company’s FabRight initiatives. Benefits from manufacturing-site divestitures, some beginning in 2027 and more substantially in 2028. Potentially favorable product mix and the end of bridge-inventory consumption from prior fab divestitures. He said the company recorded 650 basis points of underutilization charges in the second quarter. Price increases initiated April 1 and a second round now underway should also provide a near-term tailwind, though the full effect will take several quarters to reach the profit-and-loss statement.

Automotive Inventory Remains Uneven El-Khoury said automotive restocking has not been consistent, and the company has yet to see a broad replenishment cycle among customers. Industry vehicle-production rates have been flat to slightly down, he said, while inventory has been drawn down across parts of the supply chain.

He said some automotive original equipment manufacturers are becoming more directly involved in purchasing components from onsemi, rather than relying entirely on Tier 1 suppliers to build inventory. Under that arrangement, onsemi ships to the OEM, which then determines which Tier 1 supplier receives the components.

The direct-purchasing model is not yet broad among traditional OEMs, El-Khoury said. However, he described it as already common among Chinese OEMs and North American electric-vehicle companies. He said the model could become more important if automotive demand rises while supply remains constrained by competition for shared power-semiconductor capacity.

AI Data Center Revenue Expected to More Than Double El-Khoury said onsemi’s AI data center power revenue, defined as revenue generated within AI data centers, is expected to rise from about $250 million last year to more than $500 million this year. Growth is occurring across the data center power tree, rather than in a single component category, he said.

The company historically approached the market from high-voltage power applications, but has gained share across high-, medium- and low-voltage areas, according to El-Khoury. He said onsemi is seeking broad exposure across customers, platforms and geographies, including power-system providers and end customers such as AWS and NVIDIA.

El-Khoury said the company estimates its data center serviceable available market per rack could increase from $15,000 currently to $115,000 by 2030. Of the current figure, he said about 30% is high-voltage content. At the projected 2030 level, high-voltage and medium-/low-voltage content would each account for roughly half, with high-voltage content rising to approximately $55,000 per rack.

He also said onsemi has sampled its high-voltage vertical gallium nitride technology for AI data center and automotive applications. The product is a monolithic 1,200-volt device, and qualification processes are progressing as expected, he said.

Executives Defend Synaptics Transaction El-Khoury said investor understanding of onsemi’s planned Synaptics acquisition has improved since the announcement, as investors have become more familiar with Synaptics’ transformation over the past five years. He said the acquisition is intended to add an AI-first compute franchise without reducing onsemi’s investment in its core power business.

Trent said the transaction is expected to be accretive to onsemi’s gross-margin target and cash-flow positive. He said onsemi expects to use its scale, distribution network and customer base to broaden deployment of Synaptics products.

El-Khoury reiterated that the company expects $200 million in synergies to make the deal accretive within 18 months, while noting that additional manufacturing, distribution and revenue synergies could emerge beyond that period. He said a high percentage of Synaptics’ non-Astra products could be candidates for internal manufacturing, subject to integration, cost and capital-spending considerations.

About onsemi (NASDAQ:ON)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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ON Semiconductor (NASDAQ:ON | ON Price Prediction) currently trades at $81.17, while the Wall Street consensus price target sits at $108.88, leaving roughly 34% of implied upside. The Street-high target of Susquehanna Financial Group’s Christopher Rolland carries a $150 target points to roughly 85% of upside from here.

The Arizona-based chipmaker builds power management, analog and sensing silicon for electric vehicles, industrial automation and AI data center power delivery. Wall Street has been paying attention because AI data center revenue is now expected to more than double in 2026, a mix shift that could redefine the company’s growth algorithm after a punishing cyclical trough.

A Semi Selloff Erased the Spring Rally ON shares have fallen 13.46% over the past month and now trade nearly 40% below the 52-week high of $134.92 set in early June, unwinding a monster rally off the 2025 lows.

A broader semiconductor selloff hit the analog and power complex in late July. Concerns included increased competition from China, doubts about the sustainability of AI-related demand, and new U.S. tariffs impacting the supply chain. Skepticism around SiC expansion execution and automotive capacity underutilization layered on top.

The irony: Q2 2026 was a clean beat. Revenue of $1.60 billion grew 9.2% year over year, non-GAAP EPS of $0.74 and free cash flow of $425.4 million grew 300.94% year over year all topped consensus. The market did not care.

Why Susquehanna Sees 85% Upside Rolland’s bull thesis rests on three pillars the market appears to be discounting:

The first is silicon carbide and Treo dominance, with multi-year content-per-vehicle expansion tied to 800V EV powertrains. The second is AI data center power acceleration, where ON’s PMICs, smart power stages and high-efficiency MOSFETs are designed into next-generation server racks including NVIDIA Blackwell and Rubin platforms. The third is industrial and automotive recovery, where fab utilization and long-term supply agreements should provide operating leverage.

Of the 29 analysts covering ON, 1 rates it Strong Buy, 10 rate it Buy, and 18 rate it Hold, with no Sell ratings. The average $108.88 target implies meaningful upside, but the ratings mix flags conviction fatigue after 2025’s brutal cycle.

Management guides Q3 revenue of $1.65 billion to $1.75 billion and non-GAAP EPS of $0.81 to $0.93 with continued margin expansion. Design wins include the NVIDIA MGX ecosystem, a Great Wall platform deal for EliteSiC and silicon MOSFETs, and the Rivian R2. The planned Synaptics acquisition adds connected compute exposure at accretive margins.

The Peer Group Sold Off Together, But ON Fell Hardest The analog and power complex fell as a group, but ON took the deepest hit on a one-month basis. Every close peer sits below its consensus target.

NXP Semiconductors (NASDAQ:NXPI) has dropped 15.54% over the past month to $239.71, against a consensus target of $311.10 for roughly 30% implied upside. Coverage is heavily Buy-tilted at 6 Strong Buy, 17 Buy, 6 Hold and 1 Sell.

Microchip Technology (NASDAQ:MCHP) has held up better, down 0.94% over the past month at $84.69 versus a $111.71 consensus target, implying about 32% upside. Ratings skew Buy at 2 Strong Buy, 17 Buy and 6 Hold.

STMicroelectronics (NYSE:STM) has fallen 18.15% over the past month to $56.10, versus a $71.52 target for roughly 27% upside. Ratings are more balanced at 1 Strong Buy, 7 Buy and 7 Hold.

The largest analyst-implied upside in this peer set sits with ON. The market is treating ON as the highest-beta name in a group already trading below fair value, driven by sentiment rather than company-specific damage.

Where the Numbers Land ON currently trades at $81.17. The consensus target of $108.88 across 29 analysts implies roughly 34% upside; the Susquehanna Street-high of $150 implies roughly 85%.

Year to date, ON is up 49.9%, well ahead of the 13.39% gain in the S&P 500. Over one year, shares are up 70.56%. The 13.46% one-month drop is noise inside the signal.

Shares trade at a forward P/E of 25, elevated for a cyclical semi but reasonable if AI data center revenue truly doubles in 2026.

My Take: Watching the AI Data Center Ramp The bull case strengthens if AI data center revenue delivers on the doubling guide and SiC content per vehicle expands as EV architectures move to 800V. Gross margins would climb toward 40%-plus, operating leverage compounds, and Rolland’s $150 target starts to look conservative.

The bear case gains traction if this becomes a value trap. China competition could compress SiC pricing, tariffs disrupt supply, automotive underutilization drags margins, and the Synaptics deal creates integration risk. Analog and Mixed-Signal declined 2% year over year in Q2, so recovery is uneven.

On balance, lean bullish. The FCF inflection is real, AI data center wins are named customers rather than pipeline, and the Street-wide dislocation looks more like sentiment than fundamentals. Rolland’s 85% call is aggressive, but the consensus 34% upside strikes me as the more defensible base case for patient investors.

Contact [email protected] for any questions or corrections.

Our call on ON Semiconductor (NASDAQ:ON | ON Price Prediction) is straightforward. The 24/7 Wall St. price target for onsemi is $115.02, pointing to 43.05% upside from the current $80.40 quote. Our recommendation is buy, with a 90% confidence level.

A quadrupling in free cash flow, an AI data center business set to more than double this year, and a fresh $6 billion buyback authorization make the risk/reward attractive after the recent pullback.

24/7 Wall St. Price Target Summary Metric Value Current Price $80.40 24/7 Wall St. Price Target $115.02 Upside 43.05% Recommendation BUY Confidence Level 90% From Cyclical Trough to AI Reacceleration Shares have cooled recently, sliding 9.7% in the past week and 11.86% over the past month, yet ON is still up 48.48% year to date and 41.5% over the past year. The stock sits 16% below its 52-week high of $134.92, well off the $44.56 low set during the analog cycle bottom.

Q2 2026, filed August 3, 2026, delivered clean results. Non-GAAP EPS of $0.74 beat the $0.72 consensus, revenue of $1.60 billion grew 9.2% year over year, and Power Solutions Group revenue rose 19% to $829 million.

Free cash flow of $425.4 million was roughly quadruple the year-ago figure. CEO Hassane El-Khoury told investors “AI data center remains our fastest-growing business, and we now expect revenue to more than double in 2026.”

Why Bulls See a Breakout Ahead Management guided Q3 revenue to $1.65 billion to $1.75 billion and non-GAAP EPS to $0.81 to $0.93, both above trailing quarters. The AI data center thesis has real receipts: expanding NVIDIA MGX ecosystem wins, a strategic EliteSiC and silicon MOSFET platform deal with Great Wall, and the new GaNEXUS gallium nitride portfolio spanning 40V to 650V.

Automotive momentum layers on top, with 900V EV architecture wins at Geely and NIO plus the Rivian R2 zonal architecture. In the bull case, ON reaches $127.69 within twelve months, roughly 58.81% upside. Analyst consensus of $113.12 sits in that neighborhood, backed by 11 Buy ratings against zero Sells.

The Risks Worth Watching The bear case is not trivial. Barclays initiated at Equal-Weight with a $75 price target, flagging automotive and China exposure. The Analog and Mixed-Signal segment shrank 2% year over year in Q2, restructuring and impairment charges hit $41.2 million in the quarter, and the pending Synaptics acquisition adds integration risk. A beta of 2.01 means macro shocks land hard.

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Our bear case lands at $92.55, still above today’s price. Bulls counter that restructuring reflects deliberate portfolio pruning tied to Treo and GaNEXUS investment, and Q2 non-GAAP gross margin already recovered to 39.3% with operating income up 33.71%.

How ONsemi Compares to Texas Instruments and Microchip Texas Instruments (NASDAQ:TXN) is the analog benchmark. TXN posted Q2 2026 revenue of $5.46 billion, up 22.8% year over year, with the Analog segment growing 26% to $4.365 billion. At a $245.7 billion market cap, TXN trades at a premium multiple to ON, but faster top-line growth and higher margins set the bar our target implicitly benchmarks against.

Microchip Technology (NASDAQ:MCHP) is the tighter recovery comp. Microchip’s most recent quarter delivered revenue of $1.31 billion, up 35.1% year over year off a deeper trough, with fiscal Q1 2027 guided to $1.442 billion to $1.469 billion. Its $40.8 billion market cap on lower absolute revenue suggests the market pays up for cycle-recovery leverage. Our $115.02 target looks reasonable: ON has larger absolute revenue and stronger AI data center exposure than Microchip.

ON Semiconductor Price Prediction 2026 to 2030 The 24/7 Wall St. price target of $115.02 and buy rating at 90% confidence rest on one core call: AI data center revenue doubling in 2026 more than offsets residual weakness in Analog and Mixed-Signal, and the buyback pace absorbs convertible dilution.

The bull thesis strengthens if Q3 comes in at or above the guided midpoint and gross margin holds above 40%. The setup weakens if AI data center growth decelerates below the doubling target or Synaptics integration proves messier than management projects.

Looking further out, here is where our model projects onsemi could trade, assuming continued execution on the intelligent power and AI data center roadmap.

Year 24/7 Wall St. Price Target 2026 $115.02 2027 $138.00 2028 $165.00 2029 $192.00 2030 $217.24 These projections assume onsemi continues executing on its AI data center, EV, and industrial power roadmap. Significant upside or downside could result from a step-change in AI power tree adoption or a sharper-than-expected automotive downturn.

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Contact [email protected] for any questions or corrections.

Key Takeaways onsemi's Q2 earnings rose 39.6% as revenues climbed 9.2%, both beating consensus estimates.AI data center revenues may more than double in 2026 on customer wins and broader power content.ON sees Q3 revenues of $1.65B-$1.75B, gross margin of 40%-42% and EPS of 81-93 cents. onsemi (ON - Free Report) reported second-quarter 2026 non-GAAP earnings of 74 cents per share, up 39.6% year over year and beating the Zacks Consensus Estimate by 2.78%. Strengthening demand and a richer product mix supported the bottom-line improvement.

Revenues increased 9.2% year over year to $1.604 billion, surpassing the consensus mark by 1.1%. Manufacturing utilization rose to 83% from 77% sequentially as the company accelerated production to address a growing backlog.

ON’s Power Portfolio Drives Segment GrowthPower Solutions Group revenues were $829 million, up 19% year over year and 13% sequentially. The segment benefited from stronger demand for power products, including applications tied to AI data centers.

Analog and Mixed Signal Group revenues declined 2% year over year to $545.7 million but rose 1% sequentially.

Intelligent Sensing Group revenues increased 7% year over year to $228.8 million, though revenues fell 3% from the prior quarter.

onsemi’s AI Data Center Momentum AcceleratesAI data center remained onsemi’s fastest-growing market. Management now expects related revenues to more than double in 2026, supported by broader customer wins and expanding content across the power tree, which covers power delivery from the grid to the processor.

The company expanded its role in NVIDIA’s MGX ecosystem, secured two power-supply platform wins with Great Wall and added content in Amazon Web Services power-supply and battery-backup systems. Silicon carbide revenues from AI data center applications are projected to grow nearly 60% year over year in 2026.

ON Gains Automotive Content Despite Mixed DemandAutomotive revenues were $781 million, up 7% year over year but down 2% sequentially because of customer seasonality in Europe. ON expects third-quarter automotive revenues to rise in the low-single-digit percentage range sequentially.

China remained a key growth area. Automotive revenues in the country rose 13% during the first half of 2026 despite a 4% decline in total vehicle sales. The company expects China automotive silicon carbide revenues to increase 60-70% this year as market-share gains and new vehicle programs ramp.

onsemi’s Industrial Focus Areas Offset SoftnessIndustrial revenues reached $423 million, rising 4% year over year and 1% sequentially. Growth in energy infrastructure, medical and factory automation offset declines in traditional industrial markets.

Energy storage systems are expected to generate roughly 40% revenue growth in 2026, driven by stronger North American microgrid demand. onsemi also introduced its next-generation EliteSiC hybrid energy-storage module, which delivers 99.3% efficiency, and began sampling a 500-kilowatt hybrid module platform.

ON Expands Profitability Through Mix and ExecutionNon-GAAP gross margin expanded 170 basis points (bps) year over year and 80 bps sequentially to 39.3%. Favorable mix and improved manufacturing performance supported the increase, while pricing actions mainly offset higher raw-material and external-manufacturing costs.

Non-GAAP operating expenses were $296.8 million, slightly below $297.7 million in the year-ago quarter.

Non-GAAP operating margin rose to 20.8% from 17.3%, reflecting revenue growth, margin expansion and disciplined spending.

onsemi Delivers Strong Cash Flow and Capital ReturnsCash and short-term investments stood at approximately $3.9 billion, while total liquidity was $5.4 billion, including $1.5 billion available under its revolving credit facility.

Cash from operations totaled $459.7 million, up from $184.3 million a year earlier. Free cash flow was $425.4 million compared with $106.1 million in the prior-year quarter, while capital expenditures fell to $34.3 million from $78.2 million.

The company repurchased $332 million of shares during the quarter and returned about 105% of year-to-date free cash flow to shareholders.

ON’s Q3 Outlook Points to Further LeverageFor the third quarter of 2026, ON projects revenues between $1.65 billion and $1.75 billion. Management expects automotive revenues to increase by a low-single-digit percentage sequentially, industrial revenues to remain relatively flat, and the Other category, which includes AI data center, to rise by a high-teens percentage.

Non-GAAP gross margin is expected in the 40-42% range, while non-GAAP operating expenses are forecast between $303 million and $318 million.

Non-GAAP earnings are projected between 81 cents and 93 cents per share.

Zacks Rank & Stocks to ConsiderCurrently, onsemi has a Zacks Rank #3 (Hold).

Shopify (SHOP - Free Report) , Sandisk (SNDK - Free Report) and HubSpot (HUBS - Free Report) are some better-ranked stocks in the broader Zacks Computer and Technology sector. While Sandisk sports a Zacks Rank #1 (Strong Buy) at present, Shopify and HubSpot carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.

Shopify, Sandisk and HubSpot are expected to report their quarterly results on Aug. 5. Shares of Sandisk have jumped 442.6%, while Shopify and HubSpot have dropped 27.3% and 40.2%, year to date, respectively.

onsemi NASDAQ: ON is a bold play on physical AI with unparalleled opportunity due to its position in the semiconductor ecosystem, the planned acquisition of Synaptics, and potential next moves that could surprise the market. The company is perfectly positioned as a hardware provider, producing silicon carbide and gallium nitride semiconductors suitable for a wide range of high-performance applications.

onsemi Today

$81.07 +0.67 (+0.83%)

As of 12:51 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$44.56▼

$134.92P/E Ratio57.58

Price Target$100.88

The driver today is data center buildout, with demand centered across the data center power tree, but the long-term opportunity is edge computing, physical AI, robotics, and autonomous machines, including vehicles.

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The company is already well entrenched in those arenas, showing strengths in Q2, but the opportunity there is still in its infancy.

Acquiring Synaptics will help it to mature. Synaptics provides the software stack and adjacent devices, enabling onsemi to shift from a hardware pureplay to an intelligent systems provider.

In this scenario, onsemi becomes a full-stack operator, providing the eyes and power control for physical AI alongside the software systems to make them work.

onsemi’s Next Move Will Be a Bold OneThe company's deal with NVIDIA NASDAQ: NVDA highlights the edge AI and robotics opportunity. The partnership focuses on infrastructure architecture and power supply, with onsemi anchoring the physical layer with sensing, power, and edge integration. It is the next move that may make the difference between onsemi’s niche position and a market-dominating physical AI machine. The question is, which companies are a good fit, and there are several.

Lattice Semiconductor NASDAQ: LSCC and Silicon Laboratories NASDAQ: SLAB offer some advantages, but their focus is on connectivity. A more physical AI-focused choice, one focused on computer vision, is Ambarella NASDAQ: AMBA.

Ambarella’s focus on computer vision and edge computing is a near-perfect match with onsemi’s strategy. While onsemi provides the eyes, Ambarella could provide the brains that enable machines to comprehend what they see and make real-time decisions based on that information. Together, they could provide a seamless, end-to-end vision system for autonomous machines, focused on low-power operations, with an overlapping customer base. As it stands, both cater to the automotive and industrial sectors and could unlock numerous synergies and cross-selling opportunities while simplifying procurement and design processes for OEMs.

onsemi Advances After Beat and Raise Quarter: Price Recovery Underwayonsemi had a strong quarter with Q2 revenue growing by approximately 9% to $1.6 billion, just ahead of MarketBeat’s reported consensus. The strength was underpinned by data center and AI demand, with the Power Solutions Group (PSG) segment growing by 19% and the Intelligent Sensing Group (ISG) by 7%. Analog and Mixed-Signal Group (AMG) was the single weakness, contracting by 2%, but is expected to rebound in upcoming quarters.

More importantly, the company widened its margin at all levels due to revenue leverage and operations quality, driving accelerated gains in cash flow, earnings, and free cash flow.

Earnings are a catalyst for this market. The company’s unexpected acquisition of Synaptics raised fears about margins and earnings. However, adjusted gross margin expanded by 170 basis points (bps), while cash flow improved by 150%, and free cash flow more than quadrupled.

Looking ahead, the company expects the strengths to continue, forecasting Q3 revenue, margin, and earnings above consensus estimates—guidance that is likely cautious given Q2's strength and industry dynamics. The data center buildout continues and is likely to be accelerated by Advanced Micro Devices NASDAQ: AMD MI450 and Helios rack launches.

Capital Returns Say onsemi Will Make a Full Price RecoveryAmong the factors pointing to a full onsemi price recovery and eventual move to fresh highs is capital returns. The company doesn’t pay dividends but aggressively buys back shares, having reduced the count by 2.5% quarterly, on a trailing 12-month basis, and 3.9% year-over-year for the first six months. While buybacks have outpaced free cash flow in the first six months, the pace can be sustained due to the expected back-half strengths, including back-ended cash flow. The likely outcome is that the company, which aims to return 100% of free cash flow after investments, will continue its aggressive pace for the foreseeable future, accelerating it over time on the strength of its growth.

The market response to onsemi’s earnings release is a trigger for investors. The stock advanced more than 5% in premarket trading, confirming support at a long-term low and indicating a high probability of a rebound to higher prices in upcoming sessions.

Indicators like MACD and stochastic reveal the market is deeply oversold, suggesting the rally could linger through the quarter and into the year’s end. Critical resistance targets are in the $85 to $95 region and again near $110; each is a trigger for market inflows when crossed.

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4.8.2026 15:34, CAT, MCD, ON, PLTR

Index Dow Jones +1,28 % na 53858,23 b., S&P 500 +0,57 % na 7643,45 b., Nasdaq Composite +1,07 % na 26191,13 b.

Americké akcie v úvodu úterní seance posilují, když všechny hlavní indexy přidávají. Nejvíce se daří sektorům informačních technologií (+2,2 %), průmyslu (+0,8 %) a základních materiálů (+0,5 %). Naopak zaostávají reality (-1,5 %), energetika (-1,3 %) a nezbytná spotřeba (-1,1 %). Výsledková sezóna pokračuje v plném proudu.

Jednou ze společností, která zveřejnila své kvartální výsledky za druhé čtvrtletí roku 2026 byla softwarová společnost specializující se na datovou analýzu Palantir Technologies (PLTR). Výnosy společnosti meziročně vzrostly o 93 % na 1,94 mld. USD, což se umístilo nad odhadem analytiků 1,81 mld. USD. Společnost zároveň zvýšila celoroční výhled nad průměrný odhad analytiků. Akcie Palantir Technologies +18 %.

Výrobce čipů ON Semiconductor také reportoval hospodářské výsledky za druhé čtvrtletí roku 2026. Tržby i zisk za dané období překonaly očekávání analytiků. Analytici upozornili, že výsledky podporuje rostoucí poptávka po řešeních pro AI datacentra. Akcie ON Semiconductor +2,7 %.

Déle zveřejnil výsledky hospodaření za druhé čtvrtletí roku 2026 americký řetězec restaurací McDonald’s. Společnost vykázala 1,3% růst porovnatelných tržeb, mírně pod odhadem analytiků ve výši 1,39 %. Tržby rovněž zaostaly za očekáváním trhu, očištěný zisk na akcii však konsensus překonal. Akcie McDonald’s +0,8 %.

Výrobce stavební a těžební techniky Caterpillar rovněž zveřejnil hospodářské výsledky za druhé čtvrtletí roku 2026. Tržby i zisk na akcii překonaly odhady analytiků, přičemž segment energetiky nadále zaznamenával silný růst díky výdajům na datacentra. Společnost zároveň poprvé v historii překonala čtvrtletní tržby 20 mld. USD. Akcie Caterpillar +11 %.

Index S&P 500 +0,57 % na 7643,45 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +2,2 % Reality -1,5 % Průmysl +0,8 % Energie -1,3 % Základní materiály +0,5 % Nezbytná spotřeba -1,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Zebra Technologies Corp (ZBRA) +22 % Aptiv (APTV) -15 % Palantir Technologies (PLTR) +18 % Fidelity National Information Services (FIS) -13 % Marvell Technology (MRVL) +12 % Cummins (CMI) -9,6 % Caterpillar (CAT) +11 % Rockwell Automation (ROK) -8,1 % Qnity Electronics (Q) +9,0 % WW Grainger (GWW) -7,0 %
Zdroj: Bloomberg

Marek Krejčiřík
Fio banka, a.s.
Prohlášení

4.8.2026 11:57, ON

Výrobce čipů ON Semiconductor reportoval hospodářské výsledky za druhé čtvrtletí roku 2026. Tržby i zisk za dané období překonaly očekávání analytiků. Analytici upozornili, že výsledky podporuje rostoucí poptávka po řešeních pro AI datacentra.

Výsledky společnosti ON Semiconductor (ON) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Tržby (mld. USD) 1,60 1,59 1,47 Čistý zisk (mld. USD) 0,23 -- 0,17 Očištěný zisk na akcii (EPS, USD/akcie) 0,74 0,71 0,53 Výsledky za 2Q Tržby meziročně vzrostly o 9,2 % na 1,60 mld. USD, nad odhadem 1,59 mld. USD.

Tržby ON Semiconductor ve 2Q 2026 dle segmentů
(mil. USD) Segment Tržby Konsenzus Meziroční změna Výkonová řešení pro napájení (PSG) 829,0 -- +19 % Analogové a smíšené signály (AMG) 545,7 565,0 -1,8 % Inteligentní snímání a senzory (ISG) 228,8 242,6 +6,6 % Očištěná hrubá marže dosáhla 39,3 % oproti 37,6 % ve stejném období loňského roku, nad odhadem 39,1 %.

Očištěná provozní marže dosáhla 20,8 % oproti 17,3 % ve stejném období loňského roku, nad odhadem 20,6 %.

Náklady na výzkum a vývoj klesly meziročně o 2,1 % na 140,8 mil. USD, pod odhadem 145,1 mil. USD. Očištěné provozní náklady vzrostly meziročně o 0,3 % na 296,8 mil. USD (odhad: 295,1 mil. USD).

Výhled na 3Q 2026 Společnost pro třetí čtvrtletí roku 2026 očekává:

Tržby 1,65–1,75 mld. USD (konsensus: 1,67 mld. USD). Očištěný zisk na akcii 0,81–0,93 USD (konsensus: 0,84 USD). Očištěnou hrubou marži 40–42 % (konsensus: 40,3 %). Očištěné provozní náklady 303–318 mil. USD (konsensus: 296,4 mil. USD). Komentář vedení Hassane El-Khoury, prezident a generální ředitel ON Semiconductor, uvedl: „Dosáhli jsme tržeb, hrubé marže i zisku na akcii nad středem výhledu, což odráží posilující poptávku, zejména v aplikacích tažených AI, a rostoucí adopci našich diferencovaných řešení ze strany zákazníků, včetně Treo a našich vysokonapěťových výkonových řešení.“

Thad Trent, výkonný viceprezident a finanční ředitel ON Semiconductor, uvedl: „Naše výsledky demonstrují provozní páku našeho obchodního modelu. Zisk na akcii meziročně rostl čtyřikrát rychleji než tržby, a to díky expanzi hrubé marže a disciplinovanému řízení nákladů. Marže volného cash flow se meziročně rozšířila z přibližně 7 % na 27 %, což odráží sílu našeho provozního modelu.“

Návrat kapitálu akcionářům Společnost během čtvrtletí zpětně odkoupila akcie v hodnotě 332 mil. USD, čímž se návrat kapitálu akcionářům od začátku roku dostal na přibližně 105 % volného cash flow.

Komentář analytiků Analytik Kunjan Sobhani z Bloomberg Intelligence uvedl, že překonání odhadů tržeb za 2Q i výhledu tržeb na 3Q se na první pohled zdá mírné, avšak podkladová dynamika se vyvíjí dobře. Poptávka po AI datacentrech podle něj zrychluje, přičemž firma nyní očekává, že tržby z tohoto segmentu se v roce 2026 více než zdvojnásobí, oproti dřívějšímu očekávání pouhého zdvojnásobení.

Analytik Joseph Moore z Morgan Stanley uvedl, že červnové čtvrtletí ON Semiconductor bylo zhruba v souladu s očekáváním, s mírným překonáním výhledu na aktuální čtvrtletí taženým silou segmentu AI datacenter. Poptávka v automobilovém a průmyslovém segmentu se podle něj rozšiřuje, přičemž dodací lhůty se prodloužily z přibližně 27 na 32 týdnů v důsledku napjaté nabídky v růstových oblastech.

Analytička Melissa Fairbanks z Raymond James uvedla, že AI datacentra se nadále prosazují jako nejdůležitější růstový faktor společnosti, přičemž vedení zvýšilo celoroční výhled tržeb tohoto segmentu na více než dvojnásobný růst.

Akcie ON Semiconductor Akcie ON Semiconductor (ON) v předburzovní fázi obchodování rostou o 7,36 % na 86,32 USD.

Akcie ON Semiconductor Corp (ON) včera klesly o 1,5 % na 80,4 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 31,3 P/E 27,7 Vývoj za letošní rok (%) +48,5 Očekávané P/E 25,3 52týdenní minimum (USD) 44,6 Prům. cílová cena (USD) 110,7 52týdenní maximum (USD) 134,9 Dividendový výnos (%) -- Zdroj: ON Semiconductor, Bloomberg

Michal Šnobl, Fio banka, a.s.