ON Semiconductor Corporation (ON)

In the past six months, ON Semiconductor's stock has experienced several notable events. The company's stock gained 30.7% since October 2025, outperforming the S&P 500's 2.1% drop. On February 9, 2026, onsemi announced its fourth-quarter and fiscal year 2025 results, reporting revenue of $1.53 billion and non-GAAP diluted earnings per share of $0.64. The company announced a new share repurchase program of up to $6 billion over the next three years and introduced vertical gallium nitride (vGaN) power semiconductors. Analysts have issued a consensus "Hold" rating for ON Semiconductor, with an average 12-month price target of $64.19. Insider trading activity in the past six months has shown sales by key executives. The company has been undergoing significant portfolio rationalization, with non-core business exits expected to reduce revenue by $300 million over the year. For Q1 2026, onsemi provided revenue guidance in the range of $1.44 billion to $1.54 billion.

The semiconductor industry experiences distinct peak and slack seasons. The first quarter is typically a slack season, while the third quarter is generally a peak season. onsemi has acknowledged continued seasonality in demand and expects its Q1 2026 revenue guidance to be in line with normal seasonal patterns.

ON Semiconductor Corp., branded as onsemi, is an American semiconductor supplier specializing in intelligent power and sensing technologies, operating in the Technology sector, specifically within the Semiconductors industry. onsemi provides energy-efficient semiconductor solutions for the automotive, industrial, and cloud infrastructure markets. Its product portfolio includes power and signal management devices, logic, discrete components, custom solutions, MOSFETs, IGBTs, power modules for EVs and renewable energy systems, wireless connectivity solutions, analog and mixed-signal ICs, timing and clock management solutions, and advanced sensing technologies. The company also offers ASICs and foundry services.

onsemi has a global operational presence with manufacturing facilities, sales offices, and design centers in North America, Europe, and the Asia Pacific regions. Manufacturing facilities are located in Canada, the United States, the Czech Republic, China, Japan, Malaysia, South Korea, the Philippines, and Vietnam. Design centers are located in the United States, Canada, Belgium, Czech Republic, Germany, Ireland, Romania, Slovakia, Sweden, Switzerland, India, Israel, Italy, Japan, South Korea, and Taiwan. For financial reporting, the company categorizes its operations into "United States" and "Other" geographic areas.

In the past year, onsemi has maintained a reputation focused on innovation, sustainability, and strategic market expansion. The company is committed to achieving carbon neutrality by 2040 and has made progress in adopting renewable energy sources. onsemi has introduced advanced power modules for EVs and high-resolution image sensors for ADAS. Strategic acquisitions, such as GT Advanced Technologies, have enhanced its silicon carbide (SiC) capabilities. The company has also garnered positive sentiment regarding its growth in the AI data center market.

The ownership structure of ON Semiconductor is predominantly institutional. Major institutional shareholders include Fmr Llc, Vanguard Group Inc, BlackRock, Inc., State Street Corp, Janus Henderson Group Plc, Geode Capital Management, Llc, Slate Path Capital LP, and Jpmorgan Chase & Co. TPG Advisors II Inc. is also a significant shareholder. Insider holdings constitute approximately 0.53% of the stock.