onsemi (NASDAQ:ON) Updates Q2 2026 Earnings Guidance

onsemi (NASDAQ:ON) 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on ON. Citigroup reiterated a “neutral” rating on shares of onsemi in a research report on Wednesday. BNP Paribas Exane upgraded onsemi from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Benchmark cut onsemi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Jefferies Financial Group lifted their price objective on onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, B. Riley Financial upgraded onsemi from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Thursday, April 23rd. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.08.

onsemi Trading Down 1.0%

ON traded down $0.98 during midday trading on Wednesday, hitting $101.69. The company’s stock had a trading volume of 4,961,581 shares, compared to its average volume of 9,328,048. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. The firm has a market cap of $40.00 billion, a P/E ratio of 71.95, a PEG ratio of 1.04 and a beta of 1.94. The firm has a 50-day moving average price of $70.39 and a two-hundred day moving average price of $61.34. onsemi has a 52-week low of $37.56 and a 52-week high of $105.81.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. onsemi had a return on equity of 12.57% and a net margin of 9.46%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, research analysts anticipate that onsemi will post 2.9 earnings per share for the current year.

Insider Buying and Selling at onsemi

In other onsemi news, CEO Hassane El-Khoury sold 20,000 shares of onsemi stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the sale, the chief executive officer owned 1,015,610 shares in the company, valued at $74,159,842.20. The trade was a 1.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sudhir Gopalswamy sold 6,114 shares of onsemi stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the sale, the insider owned 173,943 shares of the company’s stock, valued at $10,205,235.81. This trade represents a 3.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 146,114 shares of company stock worth $11,282,308 in the last 90 days. 0.35% of the stock is owned by company insiders.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Q1 results and guidance beat: onsemi reported stronger?than?expected Q1 revenue and non?GAAP EPS, and set Q2 EPS guidance of $0.65–$0.77 while projecting AI data?center revenue to double — this underpins the re?rating and investor confidence. onsemi Reports First Quarter 2026 Results
• Positive Sentiment: Analyst upgrades and higher targets: multiple firms (KeyBanc, Needham, Mizuho, Wells Fargo and others) raised targets and the bull case centers on improving EV silicon?carbide traction and an AI data?center inflection — supports further upside. On Semiconductor Just Called the Bottom: KeyBanc Hikes Price Target
• Positive Sentiment: Buyback optionality: the convertible offering disclosure says proceeds will help fund convertible?note hedges and permit up to $400M of concurrent share repurchases — buybacks can be accretive and signal management confidence. onsemi Announces Proposed Private Offering of $1.3 Billion of Convertible Senior Notes
• Neutral Sentiment: Convertible notes are a capital?markets tool: the private offering (due 2031) and associated hedge/warrant transactions are structured to limit dilution, but terms (conversion rate, hedges) and initial purchaser hedging activity will drive near?term market dynamics. Quiver: onsemi Announces Convertible Offering
• Neutral Sentiment: Mixed post?earnings reaction seen earlier: despite the beat some traders trimmed positions (profit taking vs. elevated expectations), producing volatility that can persist while investors digest the convertible details and analyst commentary. ON Semiconductor Stock Drops After Earnings Beat. Why It Failed to Wow the Market.
• Negative Sentiment: Potential dilution and hedging pressure: convertible issuance + concurrent warrant/hedge counterparties may trade and adjust positions (including purchases or sales of ON shares and derivatives), which can create selling pressure or volatility around pricing/observation windows. onsemi Convertible Offering Details
• Negative Sentiment: Insider selling and leverage/forecast risk: recent disclosures show insider share sales and the added convertible liability increases balance?sheet complexity; investors may push back on valuation if execution on AI/automotive ramps slips. Quiver: Convertible Offering with Insider/hedge commentary

Institutional Trading of onsemi

Institutional investors have recently modified their holdings of the company. DV Equities LLC purchased a new stake in shares of onsemi during the 4th quarter worth about $30,000. Summit Securities Group LLC boosted its position in onsemi by 346.3% during the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 464 shares during the period. Darwin Wealth Management LLC purchased a new position in onsemi in the second quarter valued at about $32,000. Atlas Capital Advisors Inc. purchased a new position in onsemi in the fourth quarter valued at about $46,000. Finally, MUFG Securities EMEA plc purchased a new position in onsemi in the second quarter valued at about $65,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

onsemi Company Profile

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.