ON Stock Analysis: ON Semiconductor | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 35.502m USD | 12M Return: 61.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.43B
EPS Trend: -96.5%
Qual. Beats: 0
Rev. Trend: -98.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ON Semiconductor Corporation (NASDAQ: ON) is a U.S.-headquartered semiconductor company that designs and delivers intelligent sensing and power solutions to customers across Hong Kong, Singapore, the United Kingdom, the United States, and other international markets. Founded in 1992 and based in Scottsdale, Arizona, the company has been publicly traded since April 2000 and operates as an integrated device manufacturer (IDM), meaning it both designs and fabricates its own chips rather than outsourcing production to third-party foundries.
The business is organized into three reporting segments: the Power Solutions Group, which supplies discrete, module, and integrated devices for power conversion, signal conditioning, and circuit protection; the Analog and Mixed-Signal Group, which provides power management, sensor interface, connectivity, and standard products targeting automotive, industrial automation, AI data centers, computing, and mobile end markets; and the Intelligent Sensing Group, which develops CMOS image sensors, image signal processors, short-wave infrared sensors, and silicon photomultiplier devices used in depth sensing, factory automation, safety systems, and robotics applications.
ON Semiconductors product portfolio aligns with several structural growth themes within the broader Information Technology sector, including automotive electrification, industrial automation, AI infrastructure, and robotics, all of which are driving sustained demand for power management and image-sensing semiconductors.
- Silicon carbide power solutions drive AI data center revenue growth
- Automotive inventory correction pressures near-term gross margins
- China revenue exposure and export controls cap upside
| Net Income: 573.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 1.53 > 1.0 |
| NWC/Revenue: 75.71% < 20% (prev 75.74%; Δ -0.03% < -1%) |
| CFO/TA 0.12 > 3% & CFO 1.40b > Net Income 573.7m |
| Net Debt (626.5m) to EBITDA (1.22b): 0.52 < 3 |
| Current Ratio: 4.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (394.1m) vs 12m ago -6.46% < -2% |
| Gross Margin: 37.22% > 18% (prev 39.85%; Δ -2.64% > 0.5%) |
| Asset Turnover: 48.00% > 50% (prev 50.29%; Δ -2.29% > 0%) |
| Interest Coverage Ratio: 10.49 > 6 (EBIT TTM 688.0m / Interest Expense TTM 65.6m) |
| A: 0.38 (Total Current Assets 5.78b - Total Current Liabilities 1.19b) / Total Assets 12.0b |
| B: 0.68 (Retained Earnings 8.21b / Total Assets 12.0b) |
| C: 0.05 (EBIT TTM 688.0m / Avg Total Assets 12.6b) |
| D: 1.56 (Book Value of Equity 7.30b / Total Liabilities 4.69b) |
| Altman-Z'' = 6.74 = AAA |
| DSRI: 1.15 (Receivables 862.8m/825.0m, Revenue 6.06b/6.67b) |
| GMI: 1.07 (GM 39.85% / 37.22%) |
| AQI: 1.16 (AQ_t 0.27 / AQ_t-1 0.23) |
| SGI: 0.91 (Revenue 6.06b / 6.67b) |
| TATA: -0.07 (NI 573.7m - CFO 1.40b) / TA 12.0b) |
| Beneish M = -2.82 (Cap -4..+1) = A |
As of July 12, 2026, the stock is trading at USD 95.96 with a total of 5,702,657 shares traded. Over the past week, the price has changed by +5.20%, over one month by -12.90%, over three months by +39.78% and over the past year by +61.22%.
Current recommended Stop Loss: 85.00 (which is 11.4% or 1.3 ATR below the current price).
ON Semiconductor has received a consensus analysts rating of 3.97. Therefore, it is recommended to buy ON.
- StrongBuy: 14
- Buy: 3
- Hold: 13
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 113.1 | 17.9% |
P/E Trailing = 67.0735
P/E Forward = 29.4118
P/S = 5.8554
P/B = 4.8621
P/EG = 0.3018
Revenue TTM = 6.06b USD
EBIT TTM = 688.0m USD
EBITDA TTM = 1.22b USD
Long Term Debt = 2.98b USD (from longTermDebt, last quarter)
Short Term Debt = 500k USD (from shortTermDebt, last quarter)
Debt = 3.03b USD (from shortLongTermDebtTotal, last quarter) + Leases 23.6m
Net Debt = 626.5m USD (calculated: Debt 3.03b - CCE 2.40b)
Enterprise Value = 36.1b USD (35.5b + Debt 3.03b - CCE 2.40b)
Interest Coverage Ratio = 10.49 (Ebit TTM 688.0m / Interest Expense TTM 65.6m)
EV/FCF = 24.84x (Enterprise Value 36.1b / FCF TTM 1.45b)
FCF Yield = 4.03% (FCF TTM 1.45b / Enterprise Value 36.1b)
FCF Margin = 23.98% (FCF TTM 1.45b / Revenue TTM 6.06b)
Net Margin = 9.46% (Net Income TTM 573.7m / Revenue TTM 6.06b)
Gross Margin = 37.22% ((Revenue TTM 6.06b - Cost of Revenue TTM 3.81b) / Revenue TTM)
Gross Margin QoQ = 38.53% (prev 34.92%)
Tobins Q-Ratio = 3.01 (Enterprise Value 36.1b / Total Assets 12.0b)
Interest Expense / Debt = 2.16% (Interest Expense 65.6m / Debt 3.03b)
Taxrate = 11.09% (71.8m / 647.7m)
NOPAT = 611.7m (EBIT 688.0m * (1 - 11.09%))
Current Ratio = 4.87 (Total Current Assets 5.78b / Total Current Liabilities 1.19b)
Debt / Equity = 0.41 (Debt 3.03b / totalStockholderEquity, last quarter 7.30b)
Debt / EBITDA = 0.52 (Net Debt 626.5m / EBITDA 1.22b)
Debt / FCF = 0.43 (Net Debt 626.5m / FCF TTM 1.45b)
Total Stockholder Equity = 7.71b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.54% (Net Income 573.7m / Total Assets 12.0b)
RoE = 7.45% (Net Income TTM 573.7m / Total Stockholder Equity 7.71b)
RoCE = 6.44% (EBIT 688.0m / Capital Employed (Equity 7.71b + L.T.Debt 2.98b))
RoIC = 5.81% (NOPAT 611.7m / Invested Capital 10.5b)
WACC = 13.30% (E(35.5b)/V(38.5b) * Re(14.27%) + D(3.03b)/V(38.5b) * Rd(2.16%) * (1-Tc(0.11)))
Discount Rate = 14.27% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -89.89 | Cagr: -5.45%
[DCF] Terminal Value 60.81% ; FCFF base≈1.43b ; Y1≈1.48b ; Y5≈1.67b
[DCF] Fair Price = 34.26 (EV 14.0b - Net Debt 626.5m = Equity 13.3b / Shares 389.2m; r=13.30% [WACC]; 5y FCF grow 3.70% → 2.50% )
EPS Correlation: -96.49 | EPS CAGR: -30.06% | SUE: 0.32 | # QB: 0
Revenue Correlation: -98.00 | Revenue CAGR: -13.33% | SUE: 1.04 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.71 | Chg30d=+0.01% | Revisions=+90% | Analysts=28
EPS next Quarter (2026-09-30): EPS=0.83 | Chg30d=+0.14% | Revisions=+25% | Analysts=27
EPS current Year (2026-12-31): EPS=3.10 | Chg30d=+0.32% | Revisions=+25% | GrowthEPS=+31.9% | GrowthRev=+8.1%
EPS next Year (2027-12-31): EPS=4.31 | Chg30d=+1.13% | Revisions=+25% | GrowthEPS=+39.2% | GrowthRev=+11.2%
[Analyst] Revisions Ratio: +91% (up=31, down=0)