onsemi (NASDAQ:ON) Updates Q2 2026 Earnings Guidance

Key Points

• onsemi set Q2 2026 guidance at EPS $0.65–$0.77 (consensus $0.66) and revenue of $1.5–$1.6 billion (consensus $1.5 billion).
• The company beat Q1 estimates with $0.64 EPS vs. $0.61 expected and $1.51B revenue vs. $1.49B, yet the stock trades around $102 (near its 12‑month high) with an elevated P/E ≈300, increasing pullback risk.
• Analyst sentiment is mixed (average rating "Hold" and average price target $67.15) while insiders sold about 146,114 shares last quarter—including a 20,000‑share sale by the CEO—signaling a divergence between market price and insider/analyst indicators.

onsemi (NASDAQ:ON - Get Free Report) updated its second quarter 2026 earnings guidance on Monday. The company provided EPS guidance of 0.650-0.770 for the period, compared to the consensus EPS estimate of 0.660. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Upgrades and Downgrades

ON has been the topic of a number of analyst reports. Evercore restated an "outperform" rating on shares of onsemi in a research report on Wednesday, January 7th. Wells Fargo & Company raised their target price on onsemi from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 10th. Bank of America upgraded onsemi from a "neutral" rating to a "buy" rating and boosted their price target for the company from $70.00 to $85.00 in a report on Monday, April 13th. Needham & Company LLC upped their price target on onsemi from $68.00 to $72.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. Finally, TD Cowen reiterated a "buy" rating on shares of onsemi in a report on Tuesday, February 10th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $67.15.

onsemi Trading Down 1.0%

Shares of NASDAQ ON traded down $0.99 during midday trading on Monday, hitting $102.04. 16,600,395 shares of the company traded hands, compared to its average volume of 9,243,294. onsemi has a 12-month low of $37.19 and a 12-month high of $105.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 4.52. The stock has a 50-day moving average price of $69.72 and a 200 day moving average price of $60.97. The firm has a market cap of $40.14 billion, a P/E ratio of 300.13, a P/E/G ratio of 1.05 and a beta of 1.94.

onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. onsemi had a net margin of 2.02% and a return on equity of 12.22%. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, analysts expect that onsemi will post 2.9 earnings per share for the current year.

Insider Activity

In related news, CEO Hassane El-Khoury sold 20,000 shares of onsemi stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the sale, the chief executive officer directly owned 1,015,610 shares in the company, valued at $74,159,842.20. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sudhir Gopalswamy sold 6,114 shares of the company's stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the sale, the insider directly owned 173,943 shares in the company, valued at approximately $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,114 shares of company stock worth $11,282,308 in the last quarter. 0.35% of the stock is owned by company insiders.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Product/market win: a new USB3 camera (Vadzo Imaging Falcon‑234MGS) is launching using an onsemi AR0234 image sensor — a small but visible design win that underlines onsemi’s footprint in industrial/imaging sensors and diversified end markets. Vadzo Imaging Introduces Falcon‑234MGS
• Positive Sentiment: Momentum: coverage notes onsemi outperformed peers in April (roughly 63% gain vs. TXN’s 45%), highlighting strong investor interest in analog/power/automotive exposure that helped drive the stock’s recent surge. Texas Instruments or ON Semiconductor: Which Analog Chip Stock Won in April?
• Neutral Sentiment: Earnings focus — live/preview coverage: multiple previews and live threads are tracking onsemi’s Q1 report, flagging the key KPIs investors will watch (non‑GAAP EPS, revenue vs. estimates, margin and automotive/AI demand commentary). Results can swing the stock in either direction depending on beats/misses and guidance. Live: onsemi Q1 Earnings Tonight onsemi Q1 Earnings Report Preview
• Negative Sentiment: Valuation and pullback risk: the stock’s big YTD/April rally has pushed multiples and expectations high (background shows a very elevated P/E and market cap). That increases the chance of profit‑taking or a sharp move down if the quarter or forward commentary disappoints.
• Negative Sentiment: Revenue trend to monitor: recent quarterly revenue had been down year‑over‑year in the prior report — investors will be sensitive to any signs of weakness in auto, industrial or inventory corrections in the Q1 release.

Institutional Investors Weigh In On onsemi

Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of onsemi by 187.9% during the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company's stock valued at $4,863,000 after purchasing an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. increased its position in onsemi by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock valued at $54,000 after buying an additional 507 shares in the last quarter. Brown Advisory Inc. purchased a new position in onsemi during the second quarter valued at $201,000. Cresset Asset Management LLC raised its stake in onsemi by 24.8% during the second quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company's stock valued at $531,000 after buying an additional 2,016 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in onsemi by 108.0% in the second quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company's stock worth $1,659,000 after acquiring an additional 16,435 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

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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