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ON Semiconductor Corporation's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $30.0B | |
|---|---|---|
| Revenue (ttm) | 6.2B | |
| Net income (ttm) | 630.2M | |
| EPS (ttm) | $1.56 | |
| Shares out | 389.3M | |
| P/E (trailing) | 48.4x | |
| P/E (forward) | 16.5x | |
| Volume | 8,653,965 | |
| Beta | 2.05 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $6.74B | $8.33B | $8.25B | $7.08B | $6.00B | -2.9% |
| Gross profit | $2.71B | $4.08B | $3.88B | $3.22B | $1.98B | -7.5% |
| Operating income | $1.29B | $2.36B | $2.54B | $1.77B | $84.2M | -49.4% |
| Net income | $1.01B | $1.90B | $2.18B | $1.57B | $121.0M | -41.2% |
| EPS (diluted) | $2.27 | $4.25 | $4.89 | $3.63 | $0.29 | -40.2% |
| EBITDA | $1.88B | $3.01B | $2.54B | $2.54B | $888.2M | -17.1% |
| R&D | $655.0M | $600.2M | $577.3M | $612.7M | $583.6M | -2.8% |
| SG&A | $304.8M | $343.2M | $362.4M | $376.3M | $348.9M | +3.4% |
Recent company headlines from major financial publishers.
In the Bull case (20% probability), AI data center power solutions more than double in 2026, automotive 800V silicon carbide market share gains accelerate in China (growing 60% to 70% YoY), and factory utilization increases gross margins past 43%, lifting valuation toward our upper boundary of $62.74.
In the Base case (55% probability), ON executes steady post-trough recovery under its Fab-Liter strategy. Revenue rebounds by 9.45% in FY2026 to $6,562.0M and 13.13% in FY2027 to $7,423.6M, while operating margin normalizes from 18.5% in FY2026 toward 24.5% by FY2030, yielding our composite intrinsic Fair value of $46.40.
| Ke ↓ / g → | 2.5% | 2.8% | 3.0% | 3.3% | 3.5% |
|---|---|---|---|---|---|
| 11.4% | $48.8 | $49.3 | $49.9 | $50.5 | $51.1 |
| 11.9% | $47.1 | $47.6 | $48.1 | $48.6 | $49.1 |
| 12.4% | $45.6 | $46.0 | $46.4 | $46.9 | $47.3 |
| 12.9% | $44.1 | $44.5 | $44.9 | $45.3 | $45.7 |
| 13.4% | $42.8 | $43.1 | $43.5 | $43.8 | $44.2 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
