KeyCorp Forecasts onsemi's Q3 Earnings (NASDAQ:ON)

Key Points

• KeyCorp expects onsemi to earn $0.93 per share in Q3 2026, at the top of the company’s $0.81–$0.93 guidance range. KeyCorp projects FY2026 EPS of $3.35 and FY2027 EPS of $4.82.
• onsemi’s latest quarter exceeded expectations, with EPS of $0.74 versus $0.72 expected and revenue of $1.60 billion. Revenue rose 9.2% year over year, while management reported net margins of 10.17% and return on equity of 14.06%.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and average price target of $95.56, though the stock’s elevated valuation and price below its moving averages could increase sensitivity to weaker demand or cautious guidance.

onsemi (NASDAQ:ON - Free Report) - Investment analysts at KeyCorp issued their Q3 2026 earnings per share estimates for shares of onsemi in a research report issued to clients and investors on Wednesday, October 14th. KeyCorp analyst J. Vinh forecasts that the semiconductor company will post earnings of $0.93 per share for the quarter. The consensus estimate for onsemi's current full-year earnings is $3.21 per share. KeyCorp also issued estimates for onsemi's Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $3.35 EPS, Q1 2027 earnings at $1.06 EPS, Q2 2027 earnings at $1.13 EPS, Q3 2027 earnings at $1.27 EPS, Q4 2027 earnings at $1.37 EPS and FY2027 earnings at $4.82 EPS.

onsemi (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm earned $0.53 EPS. The company's revenue was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS.

A number of other equities analysts have also weighed in on ON. Zacks Research lowered shares of onsemi from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Rosenblatt Securities reiterated a "neutral" rating and issued a $85.00 target price on shares of onsemi in a research note on Thursday, September 17th. Robert W. Baird boosted their price target on shares of onsemi from $100.00 to $108.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Mizuho dropped their price target on shares of onsemi from $110.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, September 17th. Finally, Stonex Financia upgraded shares of onsemi to a "strong-buy" rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, onsemi currently has a consensus rating of "Moderate Buy" and an average price target of $95.56.

onsemi Stock Performance

Shares of ON opened at $72.02 on Monday. The business has a 50-day moving average of $75.76 and a 200 day moving average of $89.90. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The firm has a market cap of $28.04 billion, a P/E ratio of 46.17, a price-to-earnings-growth ratio of 0.59 and a beta of 2.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46.

Insider Buying and Selling at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the sale, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.35% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ninety One UK Ltd purchased a new stake in onsemi in the third quarter worth about $36,000. Ascentis Independent Advisors purchased a new position in shares of onsemi in the 1st quarter valued at approximately $36,000. SHP Wealth Management bought a new stake in shares of onsemi during the fourth quarter valued at approximately $32,000. Root Financial Partners LLC boosted its position in shares of onsemi by 39.4% during the first quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 198 shares in the last quarter. Finally, Compass Financial Management LLC bought a new stake in shares of onsemi during the second quarter valued at approximately $67,000. Institutional investors own 97.70% of the company's stock.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: StoneX initiated coverage with a “Strong Buy” rating and reportedly sees substantial upside, citing onsemi’s exposure to automotive and industrial chips, improving supply conditions and firmer pricing. StoneX initiates coverage of ON Semiconductor with buy
• Positive Sentiment: Sungrow is adopting onsemi’s EliteSiC silicon-carbide hybrid power modules for its PowerTitan 3.0 utility-scale energy-storage platform. The collaboration targets system efficiency of up to 99.3%, supporting onsemi’s positioning in renewable-energy and battery-storage applications. onsemi and Sungrow Target 99.3% Efficiency in Utility-Scale BESS
• Positive Sentiment: Vadzo Imaging validated an onsemi AR0521 5-megapixel image sensor in a camera platform using a Rockchip processor. The design win provides additional evidence of demand for onsemi’s imaging products in embedded and industrial applications. Vadzo Imaging Validates Low Noise Imaging on Bolt-521CRS
• Neutral Sentiment: Third-quarter results are scheduled for November 2, 2026, after the market close. Investors will focus on whether automotive, industrial and power-management demand supports the company’s outlook. Previous quarterly results exceeded consensus estimates, and current guidance calls for third-quarter EPS of $0.81–$0.93. onsemi to Announce Third Quarter Financial Results
• Negative Sentiment: Near-term sentiment remains pressured by valuation and technical factors. onsemi trades at a relatively elevated earnings multiple while its shares remain below key moving averages, leaving investors sensitive to any signs of weaker demand, margin pressure or cautious guidance ahead of earnings.

About onsemi

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.

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