ONON Semiconductor Corporation
ON Semiconductor Corporation sells power and signal management semiconductors used in automotive, industrial, and communications systems. The next catalyst is Feb 8, 2027 — Q4 2026 Earnings Release, which will test the company’s ability to stabilize revenue growth after a 15.3% YoY decline and navigate the ongoing chip industry slowdown.
- Revenue in 2026 was $6.14B, with net income of $618.70M and free cash flow of $2.35B (TTM).
- Net margin stands at 10.1%, and debt-to-equity is 0.44x.
- Free cash flow has been a consistent source of strength, though revenue contraction remains a key risk.
The schedule
- Mon8Feb
Earnings report and guidance for Q4 2026, with potential impact on revenue and margin outlook.
- Mon3May
Earnings report and guidance for Q1 2027, with potential impact on capital equipment spending trends.
- Mon2Aug
Earnings report and guidance for Q2 2027, with potential impact on customer concentration risks.
- Mon1Nov
Earnings report and guidance for Q3 2027, with potential impact on cyclical hardware demand.
Past
- Mon3Aug
Actual outcome: Bear
Price reached or fell below bear floor ($68.00) at outcome date.
Price reached or fell below bear floor ($68.00) at outcome date.
- Mon4May
Actual outcome: Mixed · $103.20 at outcome
Onsemi beat earnings expectations by 0.0% with an EPS of -0.08, matching estimates. The stock reacted to the announcement of a $3 billion convertible note offering at a 52.5% premium to its stock price, which signaled potential capital raising but raised concerns about liquidity. The mixed outcome stemmed from the earnings beat, which tempered downside, but the note issuance suggested management prioritized financial flexibility over near-term growth, influencing investor sentiment.
Onsemi beat earnings expectations by 0.0% with an EPS of -0.08, matching estimates. The stock reacted to the announcement of a $3 billion convertible note offering at a 52.5% premium to its stock price, which signaled potential capital raising but raised concerns about liquidity. The mixed outcome stemmed from the earnings beat, which tempered downside, but the note issuance suggested management prioritized financial flexibility over near-term growth, influencing investor sentiment.
- Mon9Feb
Actual outcome: Bull · $71.96 at outcome
ON reported an EPS beat ($0.64 vs $0.62) and in-line revenue, though sales were down 11% year-over-year due to expected cyclical weakness and inventory correction. Despite the near-term headwinds, the stock rallied significantly, clearing the bull target, as management pointed to improving order trends and laid out cost actions aimed at margin expansion. The market prioritized the better-than-feared results and the company's strong strategic positioning in electrification and cloud supercycles, affirming the long-term growth narrative.
ON reported an EPS beat ($0.64 vs $0.62) and in-line revenue, though sales were down 11% year-over-year due to expected cyclical weakness and inventory correction. Despite the near-term headwinds, the stock rallied significantly, clearing the bull target, as management pointed to improving order trends and laid out cost actions aimed at margin expansion. The market prioritized the better-than-feared results and the company's strong strategic positioning in electrification and cloud supercycles, affirming the long-term growth narrative.
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