ON Semiconductor Corporation (ON)
ON Semiconductor designs and manufactures the clever power-management chips that help electric vehicles and industrial machines run more efficiently.
Is ON Semiconductor Corporation a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Strong focus on high-growth areas like electric vehicles. Worth weighing: High share price volatility.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does ON Semiconductor Corporation do?
ON Semiconductor creates the essential 'brains' and power components that control electricity in everything from electric cars to factory robots. Sales of these specialised chips to big manufacturers who need to save energy and improve performance are what bring in the money. How quickly the electric vehicle market grows really matters here, since that is where a huge chunk of their business is focused.
On our factor screen it looks strongest on growth and momentum, and weakest on income.
- !Pays no dividend - the whole return rides on the share price
- ✓Growing - revenue up about 9% over the year
- !High P/E of 53 - big growth is already priced in
- —
- Income screens low
Does ON Semiconductor Corporation pay a dividend?
No - ON Semiconductor Corporation doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.
Does ON Semiconductor Corporation have more cash or more debt?
It holds about $3.86B in cash against about $4.71B of debt - so it has net debt of about $844.50M. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.
From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.
What do ON Semiconductor Corporation's numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has ON Semiconductor Corporation actually fallen?
Over the last 2 years of daily prices, ON Semiconductor Corporation fell as much as −59% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does ON Semiconductor Corporation make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Where does each £100 of ON Semiconductor Corporation's sales go?
A rough split of the latest full-year figures: of every £100 of sales, about £57 covers making the product or service, £33 goes on running costs, tax and interest, and about £10 is left as profit. Margins vary a lot by industry, and one-off items can distort a single year.
When does ON Semiconductor Corporation report earnings, and how did recent quarters go?
ON Semiconductor Corporation is next scheduled to report on about 2026-11-02 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-08-03 | $0.72 | $0.74 | Beat +3% |
| 2026-05-04 | $0.62 | $0.64 | Beat +4% |
| 2026-02-09 | $0.62 | $0.64 | Beat +3% |
| 2025-11-03 | $0.59 | $0.63 | Beat +7% |
| 2025-08-04 | $0.53 | $0.53 | In line |
| 2025-05-05 | $0.50 | $0.55 | Beat +10% |
Across the last 6 quarters here, ON Semiconductor Corporation came in ahead of what analysts expected 5 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for ON Semiconductor Corporation?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Dominance in the green energy transition
Technological shifts making their chips obsolete
What are the pros and cons of ON Semiconductor Corporation?
A balance check, not a score or verdict.
- Strong focus on high-growth areas like electric vehicles
- Solid manufacturing margins
- Essential technology for energy efficiency
- High share price volatility
- No dividend payments for income-focused investors
- Relies heavily on the cyclical: A business whose sales and profits rise and fall with the wider economy - booming in good times, sinking in downturns. Miners, carmakers and banks are classic examples. automotive industry
- Potential for a slowdown in electric vehicle sales
- Intense competition from other global semiconductor firms
- Supply chain disruptions affecting production
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained drop in global electric vehicle production
- A major technological breakthrough that replaces their current chip designs
Common questions about ON Semiconductor Corporation
Does ON Semiconductor Corporation pay a dividend?
No - ON Semiconductor Corporation does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.
When does ON Semiconductor Corporation report earnings next?
ON Semiconductor Corporation is next scheduled to report results on about 2026-11-02. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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The Sage Group plcBuilt from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.