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ON Semiconductor Corp

ON Semiconductor Corp

ON
$76.14USD+8.51%+5.97 today

MARKET CAP

29.6B

P/E (TTM)

54.4x

FWD P/E

DAY RANGE

$70 – $76

52W RANGE

$45
$135

AI Summary

Stalk
TrimMedium

ON remains entrenched in a post-parabola collapse downtrend, with lower highs and lower lows confirming a Stage 4 bearish structure. Short-term price action has failed to reclaim the 20EMA and 50DMA, offering no clear entry trigger for shorts, so exposure should be trimmed on any rally into those moving-average resistance zones.

  • Q2 revenue $1.6B (+9% YoY); AI Data Center revenue expected to double in 2026.
  • Non-GAAP gross margin expanded 80bps to 39.3% via cost and efficiency gains.
  • Weak profitability factors highlight difficulty converting sales into sustainable earnings.
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$6.7B$8.3B$8.3B$7.1B$6.0B
YoY %+28.3%+23.5%-0.9%-14.2%-15.3%
P / Sales4.5x3.3x4.4x3.9x3.7x
EV / Sales5.0x3.7x4.8x4.2x4.2x
Gross Profit, Adj.$2.7B$4.1B$3.9B$3.2B$2.0B
YoY %+58.2%+50.2%-4.8%-17.2%-38.3%
Margin %40.3%49.0%47.1%45.4%33.1%
EV / Gross Profit12.5x7.5x10.1x9.3x12.6x
EBITDA, Adj.$2.0B$3.3B$3.2B$2.5B$1.4B
YoY %+88.3%+69.3%-2.8%-21.1%-43.5%
Margin %29.1%39.8%39.1%35.9%24.0%
EV / EBITDA17.3x9.2x12.2x11.7x17.4x
EBIT$1.3B$2.4B$2.5B$1.8B$84.2M
YoY %+269.3%+83.3%+7.6%-30.4%-95.2%
Margin %19.1%28.3%30.8%25.0%1.4%
EV / EBIT26.3x12.9x15.5x16.9x296.7x
Net Income$1.0B$1.9B$2.2B$1.6B$121.0M
YoY %+331.1%+88.4%+14.8%-28.0%-92.3%
Net Margin15.0%22.8%26.5%22.2%2.0%
EPS (GAAP)$2.27$4.25$4.89$3.63$0.29
YoY %+305.4%+87.2%+15.1%-25.8%-92.0%