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. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.
Over about 2 years to 2026-07-31. 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. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.
Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.
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.
Dominance in the green energy transition
Technological shifts making their chips obsolete
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 momentum and quality, and weakest on income.
- !Pays no dividend - the whole return rides on the share price
- ✓Growing - revenue up about 5% over the year
- !High P/E of 60 - big growth is already priced in
- Strong focus on high-growth areas like electric vehicles
- Solid manufacturing margins
- Essential technology for energy efficiency
- Growth screens low (28/100)
- Income screens low (16/100)
- Potential for a slowdown in electric vehicle sales
- Intense competition from other global semiconductor firms
- Supply chain disruptions affecting production
What do ON Semiconductor Corporation's numbers mean?
How much money does ON Semiconductor Corporation make?
Revenue and profit by quarter, and how much of each sale turns into profit.
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.
When does ON Semiconductor Corporation report earnings, and how did recent quarters go?
ON Semiconductor Corporation is next scheduled to report on about 2026-08-03 - dates can move, and we don't predict results; this just tells you when to look.
Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.
| 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 |
|---|---|---|---|
| 2026-05-04 | $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% |
| 2025-02-10 | $0.97 | $0.95 | Missed -2% |
Across the last 6 quarters here, ON Semiconductor Corporation came in ahead of what analysts expected 4 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.
More in Technology
Micron Technology
Western Digital
NVIDIA
Gen Digital
Dell Technologies
Teradyne
Fidelity National Information Services
Hewlett Packard EnterpriseWhat are the scenarios for ON Semiconductor Corporation?
An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.
What are the pros and cons of ON Semiconductor Corporation?
How many points the write-up makes each way — 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
Built 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.