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ON SemiconductorON

Semiconductors · Phoenix, Arizona · In the S&P 500
$71.67−4.74%After hours: $71.92 (+0.35%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 39.4% over 1 year
ON Semiconductor over 1 yearDaily close, $, to 30 Oct 2026
$50$100$125Nov2026MarMayJulSep$71.67$50$100NovMarJul$71.67
Source: Nasdaq daily closes
Market value$27.90B
Price to earnings46.2x
Forward P/E20.4x
Dividend yield–
Year to date+32.4%
One year+39.4%
Next earningsMon 2 Nov, after the close
SectorInformation Technology
52-week range (closes)
$44.90$133.93

Quality and valuation

How ON Semiconductor compares with other information technology stocks. A description, not a recommendation.

ON Semiconductor and 6 semiconductors peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: in line with its sector

A weaker business than most information technology companies, priced about in line with them.

ON Semiconductor trades at 20.4 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: −3.1% vs +20.6%
  • Keeps less of each sale (gross margin): 37.7% vs 61.5%
  • Less profitable (operating margin): 10.8% vs 17.0%
  • Turns more of its sales into cash: 24.2% vs 21.7%
ON trades at 20.4x forward earnings, below the sector medianForward p/e, Semiconductors peers
MU5.0xNVDA16.9xAVGO18.8xTSM19.8xON20.4xTXN28.7xINTC38.4xAMD44.8xSector median 22.2xMU5.0xNVDA16.9xAVGO18.8xTSM19.8xON20.4xTXN28.7xINTC38.4xAMD44.8xSector median 22.2x
Source: CNBC quotes; Mostly Markets
At 45.9x earnings, ON is cheaper than its average since Jul 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
0x100x200x300xAverage 57.7x2025202645.9x0x200xAverage 57.7x2025202645.9x
Source: Nasdaq prices; SEC filings

Financials

From ON Semiconductor's SEC filings, through the quarter ending 3 Jul 2026. Hover or tap a bar for its value.

Revenue grew 9.2% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0.0bn$0.5bn$1.0bn$1.5bnQ3 ’24Q1 ’25Q3 ’25$1.6bnQ2 ’26$0bn$1bnQ3 ’24Q1 ’25Q3 ’25$1.6bnQ2 ’26
Source: SEC filings
Growth sped up to +9.2% last quarterRevenue growth, year on year, %
−20%−10%0%Q3 ’24Q1 ’25Q3 ’259.2%Q2 ’26−20%0%Q3 ’24Q1 ’25Q3 ’259.2%Q2 ’26
Source: SEC filings
Operating margin was 16.1% last quarterOperating income as a share of revenue, %
−20%0%20%Q3 ’24Q1 ’25Q3 ’2516.1%Q2 ’26−25%0%25%Q3 ’24Q1 ’25Q3 ’2516.1%Q2 ’26
Source: SEC filings
Free cash flow was $1.5 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$200m$400mQ3 ’24Q1 ’25Q3 ’25$425mQ2 ’26$0m$200m$400mQ3 ’24Q1 ’25Q3 ’25$425mQ2 ’26
Source: SEC filings
Last 12 monthsONSector median
Revenue growth−3.1%+20.6%
Gross margin37.7%61.5%
Operating margin10.8%17.0%
Free cash flow margin24.2%21.7%
Price to earnings46.2x33.1x

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Semiconductors, by market value.

CompanyPriceTodayYTDValue
NVDANvidia$204.64−4.22%+9.7%$4.93T
TSMTaiwan Semiconductor$406.13−5.95%+33.6%$2.11T
AVGOBroadcom$326.08−5.48%−5.8%$1.56T
MUMicron Technology$884.74−5.30%+210.0%$1.00T
AMDAMD$504.80−10.88%+135.7%$824B
INTCIntel$65.76−28.58%+78.2%$348B
TXNTexas Instruments$300.84−3.40%+73.4%$275B
ARMArm Holdings$205.97−9.97%+88.4%$220B