ON Semiconductor Corporation (ON)

Over the past six months, ON Semiconductor's stock price has decreased by 3.97% in the last month and 31.48% over the past year (as of November 19, 2025). Key events impacting the stock include Q1 2024 earnings, which were in line with expectations but followed by lower Q2 guidance. Q3 2024 earnings showed stable sequential revenue but a year-over-year decrease. Q3 2025 earnings exceeded guidance with revenue increasing 6% over Q2. Management indicated muted demand and utilization cuts in January 2025, expecting results below typical seasonal patterns. ON Semiconductor's Board of Directors authorized a share buyback program of up to $6.0 billion on November 18, 2025.

Demand for ON Semiconductor's products is influenced by seasonal patterns, though recent conditions have deviated from typical trends. Management anticipated results to be below typical seasonal patterns for the first half of 2025 due to muted demand, inventory digestion, and a slowdown in EV sell-through. The company's "turns business" has also experienced a significant slowdown. Despite cyclicality, onsemi's focus on megatrends like EVs, ADAS, and industrial automation is expected to expand its total addressable market over the long term.

ON Semiconductor Corporation, known as onsemi, is a global supplier of semiconductor-based solutions specializing in intelligent power and sensing technologies. Founded in 1999 as a spin-off from Motorola's Semiconductor Components Group, the company focuses on energy-efficient power and signal management, logic, discrete, and custom devices. onsemi's products cater to industries including automotive, industrial, communications, and consumer electronics, with key product categories including intelligent power solutions, intelligent sensing solutions, analog and mixed-signal ICs, wireless connectivity solutions, and logic, discrete, and custom devices. The company's business model centers on providing high-performance, energy-efficient semiconductor solutions, with a significant portion of its revenue from the automotive and industrial sectors.

ON Semiconductor Corp. has a significant global presence, with manufacturing facilities, design centers, sales offices, and support locations across North America, Europe, and Asia-Pacific. Its global distribution centers are located in China, the Philippines, and Singapore.

ON Semiconductor rebranded to "onsemi" in 2021, shifting towards higher-growth markets and emphasizing advanced solutions. The company has cultivated a reputation for its focus on intelligent power and sensing technologies and its commitment to sustainability. Key aspects affecting its reputation include sustainability initiatives, such as aiming for carbon neutrality by 2040, strategic acquisitions like Vcore Power Technology, product innovation and partnerships, such as with Xiaomi and NVIDIA, and market leadership in areas like ADAS and electric vehicles.

ON Semiconductor Corporation's ownership is primarily institutional, with approximately 84.25% of the company's stock owned by institutional investors, 0.51% by insiders, and 15.23% by public companies and individual investors. Major institutional owners include Fmr LLC, Vanguard Group Inc, and BlackRock, Inc. Tpg Advisors II Inc is the largest individual shareholder, owning 166.41 million shares, representing 41.36% of the company.