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Zacks Research Has Bearish Forecast for ON Q4 Earnings

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Key Points

  • Zacks Research has lowered its earnings per share forecast for ON Semiconductor for Q4 2026 to $0.91, down from a previous estimate of $0.93.
  • The company reported $0.53 earnings per share for its latest quarter, missing the consensus estimate of $0.54, while also experiencing a 15.4% decline in revenue compared to the same period last year.
  • Analysts have mixed ratings on ON Semiconductor, with 12 assigning a Buy rating and 14 a Hold rating, reflecting varying confidence in its future performance.
  • Looking to export and analyze ON Semiconductor data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

ON Semiconductor Corporation (NASDAQ:ON - Free Report) - Equities researchers at Zacks Research reduced their Q4 2026 earnings per share estimates for shares of ON Semiconductor in a research note issued on Monday, August 25th. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings of $0.91 per share for the quarter, down from their previous forecast of $0.93. The consensus estimate for ON Semiconductor's current full-year earnings is $2.60 per share.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company's revenue was down 15.4% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS.

Several other brokerages have also recently commented on ON. Susquehanna reissued a "positive" rating and issued a $65.00 price target (down previously from $75.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Roth Capital reissued a "buy" rating and issued a $70.00 price target (up previously from $50.00) on shares of ON Semiconductor in a research note on Tuesday, June 17th. Loop Capital decreased their target price on ON Semiconductor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their target price on ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, August 5th. Finally, Morgan Stanley began coverage on ON Semiconductor in a research report on Monday, May 12th. They set an "equal weight" rating and a $39.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.84.

Read Our Latest Stock Analysis on ON Semiconductor

ON Semiconductor Trading Up 0.5%

Shares of NASDAQ ON opened at $51.25 on Thursday. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 2.54 and a beta of 1.45. The business has a 50 day simple moving average of $54.22 and a 200 day simple moving average of $47.36. ON Semiconductor has a 52 week low of $31.04 and a 52 week high of $78.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02.

Institutional Investors Weigh In On ON Semiconductor

A number of institutional investors have recently bought and sold shares of ON. Costello Asset Management INC acquired a new stake in ON Semiconductor during the first quarter worth $26,000. Golden State Wealth Management LLC boosted its stake in ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after buying an additional 320 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in ON Semiconductor during the second quarter worth $29,000. Rexford Capital Inc. acquired a new stake in ON Semiconductor during the second quarter worth $31,000. Finally, Darwin Wealth Management LLC acquired a new stake in ON Semiconductor during the second quarter worth $32,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 15,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the completion of the transaction, the chief executive officer directly owned 977,814 shares of the company's stock, valued at $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by company insiders.

ON Semiconductor Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for ON Semiconductor (NASDAQ:ON)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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