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ON Stock Forecast: ON Semiconductor Corp. Price Predictions for 2026-2027

Last close, 4 Nov 2026
$71
−1.83% on the day

The 29 Wall Street analysts covering ON Semiconductor Corp. hold a median 12-month price target of $100 — +40.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 92 of 100 as at 3 Nov 2026 — among the strongest tenth. Here, the model and the Street point the same way.

Market cap
$28.3B
Ticker Nerd rank
92/ 100
Median analyst target
$100
Analysts covering
29
Revenue$1.6B+9.2% y/y
Operating income$299.8M
Net income$227.5M
Free cash flow$425.4M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−5.8%
1M
−16.0%
YTD
+31.6%
1Y
+47.6%
From 52W high
−46.8%
From 52W low
+58.7%
$45
$134
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

ON stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores ON Semiconductor Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 3 Nov 2026
92/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Revisions
95
Value
92
Accruals
90
Growth
80
Volatility
78
Momentum
69
Issuance
55
Quality
51
Size
8

Revisions (95): Analysts have, on balance, been raising their forecasts.

Quality (51): Profits are thin or unreliable for the size of the business, or they are not turning into cash.

Size (8): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.

Wall Street

ON stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on ON, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$40$60$80$100$120$140Jan 26Apr 26Jul 26Oct 26ONHigh $137Median $100Low $75

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says29 analysts
14 Buy15 Hold0 Sell
Low $75Median $100High $137

The green dot is the last close — the median target sits +40.3% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 6 moved it down.

DateFirmActionRatingTarget
22 Oct 2026B. Riley SecuritiesMaintainsBuy$127 → $105
21 Oct 2026SusquehannaMaintainsPositive$150 → $120
19 Oct 2026TD CowenMaintainsHold$95 → $75
15 Oct 2026StoneXInitiatesBuy$110
5 Oct 2026StifelMaintainsHold$75 → $80
5 Oct 2026StifelMaintainsHold—
2 Oct 2026NeedhamReiteratesBuy—
2 Oct 2026NeedhamReiteratesBuy$116
2 Oct 2026Wells FargoMaintainsOverweight$85 → $100
2 Oct 2026Wells FargoMaintainsOverweight—
23 Sept 2026Seaport GlobalInitiatesBuy—
23 Sept 2026Seaport GlobalInitiatesBuy$100
18 Sept 2026Truist SecuritiesMaintainsHold$91 → $75
18 Sept 2026Truist SecuritiesMaintainsHold—
17 Sept 2026Cantor FitzgeraldMaintainsNeutral—
17 Sept 2026Cantor FitzgeraldMaintainsNeutral$110 → $90
17 Sept 2026MizuhoMaintainsOutperform$110 → $95
17 Sept 2026MizuhoMaintainsOutperform—
17 Sept 2026NeedhamReiteratesBuy—
17 Sept 2026NeedhamReiteratesBuy$116

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

ON appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
  • The AI build-out map, free: every AI company we track, part by part, and one part in full with each verdict.

Free. Unsubscribe any time.

The AI build-out map
PDF

  • AI cloud capacity

    MSFTAMZNGOOGLORCL

  • AI chips

    NVDAAVGOAMDMU

  • AI networking and serversIn full

    ANETDELLLITECRDO

  • Data centre power

    VRTCEGGEVVST

Performance

ON vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Nov 2026, ON Semiconductor Corp. returned +47.6% against +12.9% for the S&P 500, dividends included.

ON vs S&P 500, last 12 monthsTotal return, rebased to 100
100150200250300Jan 26Apr 26Jul 26Oct 26ONS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

ON analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingThis fiscal year
EPS revision, 90 days
+2.9%
Analysts raising
1
Analysts cutting
2
Fundamentals

ON Semiconductor Corp. (ON) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
46.5×

Cheaper than 15% of US stocks

Price / sales
4.5×

Cheaper than 26% of US stocks

Price / book
3.9×

Cheaper than 24% of US stocks

EV / EBITDA
13.5×

Cheaper than 27% of US stocks

Growth & margins
Revenue growth (YoY)
9.2%

Higher than 51% of US stocks

Earnings growth (YoY)
33.2%

Higher than 68% of US stocks

Gross margin
38.4%

Higher than 47% of US stocks

Operating margin
19.5%

Higher than 78% of US stocks

Net margin
10.2%

Higher than 70% of US stocks

Returns & dividend
Return on equity
8.3%

Higher than 59% of US stocks

Return on assets
6.8%

Higher than 84% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

ON Semiconductor Corp. (ON) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • ON Semiconductor Corp. has a market value of $28.3B and an enterprise value of $28.2B.

  • Revenue in the twelve months to 30 June 2026: $6.2B. The latest quarter grew 9.2% year on year.

  • Net income over the same four quarters: $631.7M, a 10.2% net margin.

  • Diluted earnings per share, trailing twelve months: $1.56.

  • Free cash flow in the twelve months to 30 June 2026: $1.5B.

  • ON Semiconductor Corp. spent $1.5B on share buybacks in the twelve months to 30 June 2026.

  • Shares outstanding: 389.3M.

  • Trailing P/E: 46.5×; forward P/E: 15.9× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • ON Semiconductor Corp. employs 22,600 people — $274K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 3 Nov 2026

Data provided by Twelve Data

Peers

ON vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelSemiconductors
CompanyMarket capTKN rank
ONON Semiconductor Corp.$28.3B92
CRDOCredo Technology Group Holding Ltd.$27.3B57
GFSGLOBALFOUNDRIES, Inc.$23.5B77
CBRSCerebras Systems, Inc.$21.8B4
ALABAstera Labs, Inc.$39.8B45
SWKSSkyworks Solutions, Inc.$20.1B74
MCHPMicrochip Technology, Inc.$42.3B89

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own ON Semiconductor Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest ON news & analysis

ON Semiconductor Q3 Earnings: A Potential 12.7% FCF Yield If Management Delivers

Seeking Alpha · 4 Nov 2026neutral

ON Semiconductor reported Q3 revenue growth of 11% and EPS growth of 43%, driven by industrial and AI data center demand. The excerpt highlights margin expansion and strategic acquisitions, while noting automotive weakness and acquisition execution risks.

Why it matters — Investors tracking ON may weigh strong recent growth against softer automotive demand, integration challenges, and ambitious long-term targets.

ON Semiconductor: AI-Driven Content Growth And Marquee Cloud Customers - Dip Buying Opportunity

Seeking Alpha · 4 Nov 2026positive

A Seeking Alpha article highlights ON’s data-center revenue growth, expected content value per rack, and potential benefits from higher fab utilization. It also describes the shares’ valuation as compelling after a selloff.

Why it matters — The article’s outlook links ON’s data-center opportunity and possible supply and margin improvements to factors investors may monitor.

ON Q3 Earnings Beat Estimates, Strong AI Data Center Aids Top Line

Zacks Investment Research · 3 Nov 2026positive

ON Semiconductor's Q3'26 earnings and revenue exceeded estimates, with AI data center growth surging, industrial demand strengthening, and margins expanding.

Why it matters — These results highlight growth in AI data center demand and stronger industrial demand alongside expanding margins.

ON Q3 Earnings Call Highlights AI Growth and Margin Expansion

Zacks Investment Research · 3 Nov 2026positive

ON Semiconductor said it expects AI data center revenues to double in 2027, citing surging demand and new products. The company also pointed to industrial growth and manufacturing efficiencies as factors supporting margin expansion.

Why it matters — The update highlights expected AI data center growth and margin drivers that ON watchers may track.

Compared to Estimates, ON Semiconductor Corp. (ON) Q3 Earnings: A Look at Key Metrics

Zacks Investment Research · 3 Nov 2026neutral

Zacks says ON Semiconductor Corp.’s Q3 headline numbers for the quarter ended September 2026 provide insight into its performance, and suggests comparing key metrics with Wall Street estimates and year-ago actuals.

Why it matters — Those comparisons offer ON watchers context for assessing quarterly performance against expectations and the prior year.

FAQ

Frequently asked questions about ON stock

What is the ON stock price forecast for 2026-2027?

The 29 Wall Street analysts covering ON Semiconductor Corp. have a median 12-month price target of $100, with estimates ranging from $75 to $137. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is ON stock a buy right now?

Of the 29 analysts covering ON Semiconductor Corp., 14 rate it a Buy, 15 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks ON Semiconductor Corp. 92 out of 100 across roughly 4,600 US stocks as at 3 Nov 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank ON?

As at 3 Nov 2026, ON Semiconductor Corp. ranks 92 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (95 of 100).

Will ON stock go up?

No one can know that. What the data says: the median 12-month target from 29 analysts implies +40.3% from the last close, and Ticker Nerd's factor model ranks ON Semiconductor Corp. 92 out of 100 as at 3 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the ON stock forecast for 2030?

No analyst covering ON Semiconductor Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for ON are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $75 to $137 over the next 12 months.

How has ON stock performed over the past year?

ON Semiconductor Corp. returned +47.6% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.

What does ON Semiconductor Corp. do?

ON Semiconductor Corporation is a semiconductor company that develops intelligent power and sensing solutions for electronic systems. Its products include discrete, module, and integrated devices used for power conversion, switching, signal conditioning, circuit protection, and power management.

What is the latest news on ON?

The most recent item we track (Seeking Alpha, 4 Nov 2026): "ON Semiconductor Q3 Earnings: A Potential 12.7% FCF Yield If Management Delivers". ON Semiconductor reported Q3 revenue growth of 11% and EPS growth of 43%, driven by industrial and AI data center demand. The excerpt highlights margin expansion and strategic acquisitions, while noting automotive weakness and acquisition execution risks.

Company

About ON Semiconductor Corp.

ON Semiconductor Corporation is a semiconductor company that develops intelligent power and sensing solutions for electronic systems. Its products include discrete, module, and integrated devices used for power conversion, switching, signal conditioning, circuit protection, and power management. The company also provides analog and mixed-signal components supporting sensor interfaces, connectivity, and signal processing. Its intelligent sensing portfolio includes image sensors, image signal processors, short-wave infrared sensors, and photon-counting technologies such as single-photon avalanche diode arrays and silicon photomultipliers. These technologies serve automotive applications including vehicle electrification, safety systems, and advanced sensing, as well as industrial automation, robotics, energy infrastructure, computing, artificial intelligence data centers, and mobile devices. ON Semiconductor Corporation operates across international markets and supplies components that help manufacturers improve energy management, detect physical conditions, and integrate sensing capabilities into complex electronic products. Through its power, analog, mixed-signal, and sensing businesses, the company occupies a significant role in the semiconductor supply chain for automotive and industrial systems.

CEO Mr. Hassane S. El-Khoury · 22,600 employees · United States · https://www.onsemi.com