onsemi (NASDAQ:ON) Posts Earnings Results, Beats Estimates By $0.02 EPS

onsemi (NASDAQ:ON) announced its quarterly earnings results on Monday. The semiconductor company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02, Zacks reports. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%. onsemi updated its Q3 2026 guidance to 0.810-0.930 EPS.

onsemi Stock Down 1.5%

Shares of NASDAQ:ON traded down $1.21 during trading on Monday, reaching $80.40. The stock had a trading volume of 14,637,881 shares, compared to its average volume of 10,645,545. onsemi has a one year low of $44.56 and a one year high of $134.92. The firm’s 50-day simple moving average is $105.00 and its 200 day simple moving average is $84.92. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $31.51 billion, a P/E ratio of 57.02, a PEG ratio of 0.90 and a beta of 2.01.

Hedge Funds Weigh In On onsemi

Institutional investors and hedge funds have recently bought and sold shares of the company. DV Equities LLC acquired a new position in onsemi during the 4th quarter valued at about $30,000. Darwin Wealth Management LLC acquired a new stake in onsemi in the second quarter worth about $32,000. Summit Securities Group LLC boosted its holdings in onsemi by 346.3% in the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 464 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of onsemi during the fourth quarter worth about $46,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of onsemi by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 507 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported second-quarter revenue of $1.604 billion, up 9% year over year, while non-GAAP EPS of $0.74 exceeded the $0.72 consensus estimate. Growth was supported by strengthening demand for AI-related applications, Treo products and high-voltage power solutions. onsemi Reports Second Quarter 2026 Results
• Positive Sentiment: Profitability and cash generation improved substantially: GAAP net income rose to $226.8 million from $170.3 million a year earlier, operating cash flow increased 150%, and free cash flow reached $425.4 million. The company also repurchased $332 million of stock during the quarter. ON Semiconductor Reports Higher Profit and Revenue
• Positive Sentiment: Management projected third-quarter revenue of approximately $1.65 billion to $1.75 billion and GAAP diluted EPS of $0.79 to $0.91. AI data-center revenue is expected to more than double during 2026, providing an important growth catalyst. On Semi Reports Strong Q2 Earnings
• Positive Sentiment: onsemi announced a planned Synaptics acquisition, expanded its role in NVIDIA’s MGX ecosystem and launched its GaNEXUS gallium nitride power portfolio, broadening its exposure to AI infrastructure and power-management demand.
• Neutral Sentiment: The earnings beat was modest, with revenue only slightly above consensus, while the forward revenue outlook was broadly in line with expectations. That may have limited the immediate upside reaction after the report.
• Negative Sentiment: Investor sentiment may be pressured by valuation and positioning: onsemi trades at a relatively elevated earnings multiple, and its 50-day moving average is well above its 200-day average, increasing volatility risk.
• Negative Sentiment: Insider activity remains a headwind. Company executives, including the CEO, CFO and business-group presidents, have reported open-market sales but no purchases during the past six months, which may reinforce near-term profit-taking concerns.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Zacks Research cut shares of onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Evercore restated an “outperform” rating and issued a $137.00 price target on shares of onsemi in a report on Friday, June 26th. B. Riley Financial upped their price target on shares of onsemi from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Citigroup increased their price objective on shares of onsemi from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Finally, Wells Fargo & Company cut their price objective on shares of onsemi from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $102.24.

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.