ON Semiconductor Corporation (ON) earnings on August 3, 2026
More ON Semiconductor Corporation earnings
Prior outlook: Pessimistic Outcome: Partial
ON Semiconductor jumped 11% on strong AI data center results, but gave back most gains to close barely higher.
ON price around the earnings
80.78
Change: +0.5%
2026-08-04, 20:00 UTC
Start of the measured window
End of the measured window
79.62
82.14
84.67
87.19
80.40
August 3, 2026
August 4, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
- Results released
Analysts cite a price target about 40% above the current price and a 75% beat rate, offset by severe price collapse, negative trend strength, and high IV binary risk.
Context analyzed before publication
- Trend
- Volatile 5-day range (-41.2 to +44.0); settled negative as price collapse overshadowed analyst conviction into earnings.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.28
- Analysts covering the stock
- 25
- Average price target
- 113.12
- Lowest price target
- 85
- Highest price target
- 150
- Upside to price target
- 40.1%
- Revenue growth
- 4.7%
- Forward EPS
- 4.34
- Trailing EPS
- 1.36
- Analyst moves in the last 60 days
- 10
- Strong buy: 1
- Buy: 10
- Hold: 18
- Sell: 0
- Strong sell: 0
- Strong buy
- 1
- Buy
- 10
- Hold
- 18
- Sell
- 0
- Strong sell
- 0
- July 20, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- July 13, 2026 · TD Cowen: Maintains rating (Hold → Hold)
- July 9, 2026 · Susquehanna: Maintains rating (Positive → Positive)
- July 1, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- June 29, 2026 · Cantor Fitzgerald: Maintains rating (Neutral → Neutral)
- June 26, 2026 · Susquehanna: Maintains rating (Positive → Positive)
- June 26, 2026 · B. Riley Securities: Maintains rating (Buy → Buy)
- June 26, 2026 · Evercore ISI Group: Maintains rating (Outperform → Outperform)
- June 26, 2026 · Needham: Maintains rating (Buy → Buy)
- June 24, 2026 · Stifel: Maintains rating (Hold → Hold)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (6)
- ON Semiconductor Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
- Here's How Much $100 Invested In ON Semiconductor 15 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
- Wells Fargo Maintains Overweight on ON Semiconductor, Lowers Price Target to $130 (opens in a new tab) — Benzinga
- TD Cowen Maintains Hold on ON Semiconductor, Lowers Price Target to $95 (opens in a new tab) — Benzinga
- Susquehanna Maintains Positive on ON Semiconductor, Raises Price Target to $150 (opens in a new tab) — Benzinga
- ON Semiconductor Divests Manufacturing Facilities In The Philippines And Pennsylvania To Improve Its Manufacturing Cost Structure (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 81.58
- Average true range (ATR)
- 6.7%
- Distance to 52-week high
- -39.7%
- 14-day change (14d)
- -6.7%
- 30-day change (30d)
- -13.9%
- 30-day relative strength
- -14.1%
- SPY change (30d)
- +0.1%
- Nearest support
- 80.69
- Distance to nearest support
- 1.1%
- Nearest resistance
- 81.79
- Distance to nearest resistance
- 0.3%
- Volume accumulation ratio (14d / 46d)
- 0.63
- Mid: 80.69 (1.1% away, 0.16 ATR, 5 touches)
- Minor: 79.01 (3.2% away, 0.47 ATR, 1 touches)
- Mid: 77.89 (4.5% away, 0.68 ATR, 7 touches)
- Minor: 81.79 (0.3% away, 0.04 ATR, 5 touches)
- Mid: 83.69 (2.6% away, 0.39 ATR, 11 touches)
- Mid: 84.7 (3.8% away, 0.57 ATR, 16 touches)
Trends
Evidence
- Average earnings surprise
- +3.2%
- May 4, 2026: actual EPS 0.64 vs estimate 0.62 (surprise +4.1%)
- February 9, 2026: actual EPS 0.64 vs estimate 0.62 (surprise +2.5%)
- 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%)
Expected move
- Implied move
- +7.0%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 7.5%
- 75th percentile move
- 10.2%
- 90th percentile move
- 14.3%
- Up / down moves
- 14 / 6
- Average up move
- +6.0%
- Average down move
- -9.9%
Monitoring and close
What ON Semiconductor Corporation reported
- Status
- Finished
| Actual EPS | 0.74 |
|---|---|
| EPS estimate | 0.71 |
| EPS surprise | +4.2% |
| Revenue | $1,603 million |
| Revenue estimate | $1,588 million |
| Revenue surprise | +0.9% |
Onsemi beat Q2 expectations and gave an optimistic Q3 outlook. CEO highlights AI data revenue as fastest-growing, expected to more than double this year.
Sources (5)
- ON Semiconductor Sees Q3 Adj EPS $0.81-$0.93 vs $0.83 Est; Sees Sales $1.650B-$1.750B vs $1.666B Est (opens in a new tab) — Benzinga
- ON Semiconductor Sees Q3 GAAP EPS $0.79-$0.91 vs $0.75 Est; Sees Sales $1.650B-$1.750B (opens in a new tab) — Benzinga
- On Semi Reports Strong Q2 Earnings, Expects AI Data Center Revenue to More than Double this Year (opens in a new tab) — Benzinga
- ON Semiconductor beat expectations with adjusted earnings of $0.74 per share and sales of $1.603 billion, above forecasts. — Benzinga
- ON Semiconductor Q2 Adj. EPS $0.74 Beats $0.71 Estimate, Sales $1.603B Beat $1.588B Estimate (opens in a new tab) — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, the results beat expectations on both earnings and revenue, and the price is indicating +5.6% pre-market, a move in line with the stock's usual reaction (about 8%). The figures don't confirm the prior scenario: the comparable cases aren't consistent enough.
How the stock reacted
- Outcome
- Partial
- Consolidated
- +0.5%
- Max favorable move (MFE)
- 1.1%
- Max adverse move (MAE)
- 11.3%