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ON Semiconductor Corporation

$ON·$32B·Semiconductors·Technology
$74.41+2.5%YTD+46.2%1Y+43.0%
Mentions · last 7 days
2026-08-21: 37 posts2026-08-22: 22 posts2026-08-23: 11 posts879-0%
Price updated 1m ago·X counts updated 8d ago
ONON
$ONON Semiconductor Corporation
$74.41+2.48%879 posts-0%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $ON, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Comeback attemptCooling offAI verdict · as of 2026-08-31

Catching its breath after a run — could pick back up or fade from here.

Auto-semi turnaround underneath a Synaptics acquisition — the operating story is fine, the tape is buying an Nvidia-network kicker without confirmation yet.

ON Semiconductor makes power and sensing chips used mainly in electric vehicles, industrial power, and increasingly AI data-center power delivery. It's re-emerging from a year of automotive inventory digestion and is in the middle of acquiring Synaptics to add adjacent capability.

  • The turnaround print is genuinely there: Q1 revenue grew 4.7% year-over-year to $1.5B — after four consecutive down quarters (-11% to -15%), and the last four EPS prints all beat by 3-7% — the operating story that broke has quietly re-inflected without anyone declaring victory.
  • The Synaptics acquisition is now real: the FTC granted early termination of the HSR antitrust waiting period Aug 12, so the deal (announced in July) is on track to close — that adds a touch-and-input semiconductor line to the portfolio and gives ON a wider AI-edge exposure than a pure power/sensing play would have.
  • The AI/data-center kicker is what the tape is really pricing: NVIDIA MGX platform wins and the GaN portfolio are named as growth drivers alongside the auto recovery — CEO El Khoury raised the outlook citing AI data-center revenue 'taken from doubling to more than doubling year-on-year', which is real but small in the current mix.
  • The tape has cooled ahead of confirmation: at 18% below the 50-day and 31% of the 52-week range, this is not priced for a bad quarter — the buy-side consensus target of $109-113 (roughly +34% upside) is what the sell side thinks the AI-datacenter mix eventually earns.

The path if it works is the Nov 2 Q3 print confirming AI data-center revenue mix continues doubling-plus and the Synaptics deal closes on schedule — the tape reprices from cyclical semi to AI-adjacent semi and the +34% consensus upside starts to look achievable. What breaks the story is a Q3 that shows auto recovery stalling or AI data-center revenue decelerating; that's when the cooling extends and the acquisition premium looks less useful.

Agrees with X sentimentThe bullish X read — CEO El Khoury raising the outlook on AI data-center revenue doubling-plus year-on-year, auto having 'cleared inventory digestion' and shipping back to natural demand, NVIDIA MGX wins, EV design wins at Geely/NIO/Rivian, and a buy consensus target of $109-113 — captures the two-cycle setup correctly; the technical caveat (weekly close above the 50-day with a golden cross forming) is why the tape is cooling but not breaking.

What to watch: The Nov 2 Q3 print — AI data-center revenue mix continuing doubling-plus and the Synaptics deal closing on schedule; a Q3 with auto recovery stalling or AI segment growth decelerating is what extends the cooling into a real drawdown.

On the calendar: 2026-11-02 — Q3 2026 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment9 posts analyzed · as of 2026-08-30

The read on ON Semiconductor is bullish and AI-datacenter-anchored — CEO Hassane El Khoury raised the outlook driven by AI data-center revenue "taken up from doubling to more than doubling year-on-year," while noting automotive has cleared inventory digestion and is "shipping back to natural demand." Bulls anchor on Q2 beat + Q3 guide above, NVIDIA MGX wins, GaN portfolio, and EV design wins at Geely, NIO and Rivian, with a buy consensus average target of $109-113 (~+34%). Chartists watch for a weekly close above the 50 with a golden cross forming.

Read the AI verdict + X sentiment for $ON

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  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Designs power semiconductors and intelligent sensors for EV electrification, EV charging, solar energy, and industrial automation.

Industry overviewAI analysisGenerated by AI from underlying data

Where Semiconductors sits in its cycle right now — and what that implies for $ON.

Semiconductors · Technology

Hyperscaler AI capex keeps Blackwell allocation tight and HBM3e pricing firm; NVDA's data-center backlog and AVGO's networking wins confirm the cycle is not peaking. LLM context-window expansion — the structural demand pull — extends through at least 2H26.

What this means for $ON

Direct beneficiary — semiconductor products are directly in the AI capex supply chain; ON Semiconductor Corporation operates as a global provider of sophisticated power and sensing solutions.

Top industry ETF

$SMHVanEck Semiconductor ETF
+56.0%YTD
+85.1%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
80.6How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
5.4%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
10.8%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
3.2%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
7.6Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
7.4%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
37.2%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.4Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 3, 2026$0.74$0.71+3.5%
Q1 2026May 4, 2026$0.64$0.61+4.9%
Q4 2025Feb 9, 2026$0.64$0.62+2.6%
Q3 2025Nov 3, 2025$0.63$0.59+6.8%
Next earningsMon, Nov 2·consensus EPS $0.90

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$1.5B+4.7%38.5%-3.5%$-0.08$218.2M
Q4 FY25$1.5B-11.2%34.9%16.5%$0.45$485.4M
Q3 FY25$1.6B-12.0%37.9%17.0%$0.63$644.5M
Q2 FY25$1.5B-15.4%37.6%13.2%$0.41$106.1M

Forward consensus

3-year forecast · up to 22 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$6.5B$6.4B – $6.6B$3.09$3.00 – $3.2322
FY27$7.2B$7.0B – $7.5B$4.30$3.63 – $5.0221
FY28$8.2B$7.8B – $9.2B$5.70$5.06 – $6.3811

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.8×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.31%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-17.7%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-6.6%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 387.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.8% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.025-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellApr 24Trent ThadCFO30.0K sh$3.0MSellApr 23Trent ThadCFO30.0K sh$2.8MSellApr 16Trent ThadCFO30.0K sh$2.4MSellMar 13Sudhir GopalswamyPresident6.1K sh$359K
+ 9 other (8 awards · 1 inkind) in window

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  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementJun 258-K — Item 1.01: Material agreement · Item 8.01: Other event
AI summary

ON Semiconductor (onsemi) signed an Agreement and Plan of Reorganization on June 25, 2026 to acquire Synaptics Incorporated in an all-stock deal. Each Synaptics share will be converted into 1.350 onsemi shares; no cash consideration — onsemi will issue new stock to Synaptics shareholders. Onsemi's Board unanimously approved both the merger agreement and the related share issuance. The deal marks a major semiconductor consolidation, with Synaptics surviving as a wholly owned onsemi subsidiary pending regulatory and shareholder approvals.

3New insider — initial holdingsMay 223
AI summary

Achyut Shah, Group President of the Power Solutions Group at ON Semiconductor Corp (ON), filed an initial Form 3 on May 15, 2026, disclosing direct beneficial ownership of 15,207 shares of common stock. This is a routine initial insider ownership statement required within 10 days of becoming a Section 16 reporting person, and does not represent a new purchase transaction.

8-KOfficer or director changeMay 188-K — Item 5.02: Officer or director change · Item 5.07: Shareholder vote
AI summary

ON Semiconductor Corporation (onsemi) held its 2026 Annual Meeting of Stockholders on May 14, 2026 (proposals and vote counts not visible in excerpt) and separately disclosed (Item 5.02) that former Group President Simon Keeton's final employment date has been extended by mutual agreement from June 30, 2026 to September 30, 2026, to support an orderly transition to his successor in the Power Solutions Group. The three-month extension is an operational continuity measure. Routine annual meeting and minor personnel update with no material transactions.

8-KMaterial agreementMay 128-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 3.02: Unregistered equity sale · Item 8.01: Other event
AI summary

ON entered into a indenture (8-K Item 1.01, dated 2026-05-12). Size: approximately $1.5 billion. Due 2031. Material definitive agreement — investors should review the full exhibit for covenants, conditions, and use of proceeds.

8-KOfficer or director changeMar 118-K — Item 5.02: Officer or director change
+ 28 other (13 425s · 3 routine 8-Ks · 3 13Gs · 2 10-Qs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

onsemi Says Auto Demand Has Bottomed as AI Data Centers Accelerate Growthmarketbeat.com·4d agoSTM vs. ON: Which EV Semiconductor Stock Is More Compelling?zacks.com·5d agoSynaptics' CFO Disposed of Stock as an 88%-12% OnSemi Ownership Split Takes Shape. Here's What to Knowfool.com·8d agoWolfspeed Sinks 12% on Wider-Than-Expected Loss, ON Semiconductor Slips as Chip Sector Holds Steady247wallst.com·11d agoPower Semis Soar Monday: Wolfspeed, STMicro and On Semiconductor Rally on Vera Rubin Ramp Signals247wallst.com·14d ago

In themes

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Voices on X · top 7 · last 7 days

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