ON Semiconductor Corporation (ON) earnings on May 4, 2026
More ON Semiconductor Corporation earnings
Prior outlook: Optimistic Outcome: Partial
After reporting results, the stock jumped as much as 3.68% but gave up those gains and fell as much as 6.06% before ending up 0.68%.
ON price around the earnings
102.67
Change: +0.7%
2026-05-05, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Partial
- Thesis published
Potential for overvaluation; the scenario suggests caution.
The stock has seen a significant rally, boosted by positive news in the chip industry and company buybacks, but analysts suggest the price may have already risen too much.
Context analyzed before publication
- Summary
- Potential for overvaluation; the scenario warrants caution.
- Playbook
- While the sector is strong, the current price may reflect future expectations. The scenario suggests waiting for a pullback or clearer upside potential.
- Trend
- Outlook mixed, recent decline in confidence.
Analysts
Drivers
-
Analysts
Negative
Analysts cite an average price target below the current price, indicating that the current price may be too high.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.41
- Analysts covering the stock
- 29
- Average price target
- 70.17
- Lowest price target
- 56
- Highest price target
- 100
- Upside to price target
- -19.3%
- Quarterly earnings growth
- -52.1%
- Revenue growth
- -11.2%
- Forward EPS
- 4.05
- Trailing EPS
- 0.29
- Analyst moves in the last 60 days
- 1
- Strong buy: 1
- Buy: 11
- Hold: 20
- Sell: 1
- Strong sell: 1
- Strong buy
- 1
- Buy
- 11
- Hold
- 20
- Sell
- 1
- Strong sell
- 1
- April 13, 2026 · B of A Securities: Upgrades rating (Neutral → Buy)
News and sentiment
Drivers
-
News & sentiment
Positive
Positive news within the semiconductor industry is helping the stock, and online sentiment is largely optimistic.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- This Week's Wolf Pick - ON Semiconductor; ON Gets 11x More Silicon Per Nvidia Rack — Benzinga
- ON Semiconductor's $6 Billion Buyback, AI Growth Shift Narrative — Benzinga
- This Starbucks Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Monday — Benzinga
- B of A Securities Upgrades ON Semiconductor to Buy, Raises Price Target to $85 — Benzinga
Technicals
Drivers
-
Technical
Positive
The stock has shown exceptional price gains recently, significantly outperforming the broader market (SPY).
Evidence
- Average true range (ATR)
- 3.7%
- Distance to 52-week high
- -0.7%
- 14-day change (14d)
- +39.7%
- 30-day change
- +45.7%
- 30-day relative strength
- +41.9%
- Benchmark change
- +3.8%
- Nearest support
- 55.03
- Nearest resistance
- 87.45
- Volume accumulation ratio
- 0.94
Trends
Drivers
-
Macro & trends
Positive
The overall trend for semiconductor companies is strong, with significant investment in the sector supporting favorable market conditions.
Evidence
- Average earnings surprise
- -2.1%
- February 9, 2026: actual EPS 0.45 vs estimate 0.59 (surprise -24.3%)
- November 3, 2025: actual EPS 0.63 vs estimate 0.59 (surprise +6.6%)
- August 4, 2025: actual EPS 0.53 vs estimate 0.53 (surprise -0.4%)
- May 5, 2025: actual EPS 0.55 vs estimate 0.5 (surprise +9.6%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 8.2%
- 75th percentile move
- 10.5%
- 90th percentile move
- 14.4%
- Up / down moves
- 13 / 6
- Average up move
- +6.4%
- Average down move
- -9.9%
Monitoring and close
What ON Semiconductor Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- +0.7%
- Max favorable move (MFE)
- 3.7%
- Max adverse move (MAE)
- 6.1%