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ONON

ON Semiconductor Corporation

$ON·$48B·Semiconductors·Technology
$113.14-3.3%YTD+120.1%1Y+130.3%
Mentions · last 7 days
2026-06-14: 33 posts2026-06-15: 123 posts2026-06-16: 104 posts2026-06-17: 91 posts2026-06-18: 105 posts2026-06-19: 17 posts497
Price updated 3m ago·X counts updated 5d ago
ONON
$ONON Semiconductor Corporation
$113.15-3.34%497 posts
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.

Proven numbersCooling offAI verdict · as of 2026-06-24

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

Onsemi has more than doubled in a year on the auto power-semi recovery — today's 11% drop is the first deep give-back.

ON Semiconductor designs power-management and image-sensor chips for EVs, AI data centers, and industrial systems — with a leading silicon-carbide (SiC) franchise that captures roughly 55% share of new EV designs. The stock is up 120% year-to-date and 130% over twelve months as the auto power-semi cycle finally inflected positive.

  • The inflection is finally real: Q1 2026 revenue grew 4.7% YoY to $1.51B — the first positive YoY print after seven down quarters — with gross margin of 39% and the four-quarter EPS beat streak (4%, 3%, 7%, -0.4%) showing consensus is calibrating to the recovery.
  • The customer mix is the bull story: bulls cite AI data-center revenue more than doubling YoY in Q1, ~55% SiC share of new EV models, and a $1.5B+ GaN design funnel converting to revenue in 2027 — that combination is what justifies the multiple expansion beyond the simple auto-cycle play.
  • Capital structure is being managed proactively: a $1.5B 0% convertible notes due 2031 closed in early May at remarkable terms — that financing lets management wait for the cycle without raising equity.
  • Today's tape captures the digestion: shares down 11% on a single session as the chip group sold off together, with volume at 1.6x the 30-day average — at 85% of the 52-week range and 78% above the 200-day, the parabolic structure was due for a real give-back.
  • The whale option-tape is the upside marker: $4M+ in July $145 call premium bought as a daily-flag breakout setup approached — that's leveraged positioning into the next earnings, which is the catalyst the chart is pricing. Insider activity is minimal — just one F-InKind on May 27 and onboarding for a new Group President.

The move stays accelerating if the August 3 Q2 print extends the YoY revenue inflection with operating margin moving back above 15% — that's what restarts the multiple expansion. Any softness in EV-customer order pace turns the cooling into a real give-back toward the 50-day.

Agrees with X sentimentX has the bullish setup right — first YoY auto revenue growth after seven down quarters, AI data-center revenue more than doubling, ~55% SiC share of new EV designs, the $1.5B+ GaN funnel, and the whale July $145 call sweep — and the absence of any meaningful bear voice at the parabolic extension is the cautionary signal.

What to watch: The August 3 Q2 print on auto and AI revenue mix, plus operating-margin trajectory and the GaN design-funnel conversion update — sustained YoY growth with margin recovery restarts the move; any auto order softness extends the cooling toward the 50-day.

On the calendar: 2026-08-03 — Q2 2026 earnings

parabolic extension

X sentiment

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

Bullish sentiment23 posts analyzed · as of 2026-06-23

Onsemi is being framed as a power-semi inflection story, with bulls citing the first YoY automotive revenue growth after seven down quarters, AI data-center revenue more than doubling YoY in Q1, ~55% SiC share of new EV models, and a $1.5B+ GaN design funnel converting to revenue in 2027. Whale July $145 call buying (over $4M in premium) and a daily flag breakout are drawing attention, with traders eyeing a move toward $134. The stock jumped roughly 8% on a recent green day as part of a data-center BOM rally, with no meaningful bearish thread.

Read the AI verdict + X sentiment for $ON

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • 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 remains the structural engine — Goldman Sachs' $1T+ AI infrastructure spend forecast for 2027 validates no capex retreat, keeping NVDA Blackwell allocation tight through 2H26. HBM3e pricing holds as LLM context-window expansion drives 5-8x per-server memory requirements vs. prior cycles, with Micron's June 24 earnings the week's key data point.

What this means for $ON

Neutral — onsemi's SiC MOSFETs for EV powertrains and power semis for solar are driven by automotive electrification and renewable energy cycles; AI data center is not a primary end market.

Top industry ETF

$SMHVanEck Semiconductor ETF
+68.6%YTD
+137.5%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
Q1 2026May 4, 2026$0.64$0.61+4.4%
Q4 2025Feb 9, 2026$0.64$0.62+2.6%
Q3 2025Nov 3, 2025$0.63$0.59+6.8%
Q2 2025Aug 4, 2025$0.53$0.53-0.4%
Next earningsMon, Aug 3·consensus EPS $0.72

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 23 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$6.5B$6.4B – $6.5B$3.09$3.00 – $3.2323
FY27$7.2B$7.0B – $7.5B$4.25$3.53 – $5.2723
FY28$7.9B$7.9B – $7.9B$5.51$3.93 – $6.6214

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.1.6×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.85%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.+15.2%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.+77.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 390.2M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today5.1% 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.β1.985-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$359KSellFeb 17Simon KeetonPresident48.9K sh$3.5MSellFeb 12Trent ThadCFO60.0K sh$4.3MSellFeb 12Hassane El-khouryCEO20.0K sh$1.5M
+ 32 other (16 inkinds · 15 awards · 1 gift) in window

See when $ON insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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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

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
+ 14 other (4 13Gs · 2 routine 8-Ks · 2 earnings 8-Ks · 2 proxys) in window

Recent news

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

Chip Bloodbath Hits Nasdaq 100 As South Korea Plunges: Stock Market Todaybenzinga.com·1d agoThis Company Could Become the Nvidia of AI Inferencefool.com·4d ago3 Stocks to Buy Now Before Wall Street Catches On247wallst.com·5d agoRebuilderAI Debuts Design-to-Manufacturing AI Agent VRING:ON at VivaTech 2026, Unveiling Humanoid-Powered ‘Dark Factory' Visionbusinesswire.com·5d agoRebuilderAI Unveils ‘Brand-Exclusive 3D CAD Design-Generation AI' at VivaTech 2026, Recreating Heritage with a Humanoidbusinesswire.com·6d ago

In themes

Explore the broader themes this ticker is being talked about under.

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