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ON Semiconductor Corp. (ON) Gains As Market Dips: What You Should Know
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ON Semiconductor Corp. (ON - Free Report) ended the recent trading session at $92.33, demonstrating a +1.39% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.14%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.
Heading into today, shares of the semiconductor components maker had lost 22.21% over the past month, lagging the Computer and Technology sector's loss of 4.82% and the S&P 500's gain of 0.25%.
The investment community will be closely monitoring the performance of ON Semiconductor Corp. in its forthcoming earnings report. The company is scheduled to release its earnings on August 3, 2026. In that report, analysts expect ON Semiconductor Corp. to post earnings of $0.72 per share. This would mark year-over-year growth of 35.85%. Meanwhile, our latest consensus estimate is calling for revenue of $1.59 billion, up 7.99% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.09 per share and revenue of $6.48 billion, which would represent changes of +31.49% and +8%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ON Semiconductor Corp. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.13% upward. As of now, ON Semiconductor Corp. holds a Zacks Rank of #3 (Hold).
Looking at its valuation, ON Semiconductor Corp. is holding a Forward P/E ratio of 29.45. This denotes a discount relative to the industry average Forward P/E of 51.85.
We can additionally observe that ON currently boasts a PEG ratio of 1. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Semiconductor - Analog and Mixed industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 20, finds itself in the top 9% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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ON Semiconductor Corp. (ON) Gains As Market Dips: What You Should Know
ON Semiconductor Corp. (ON - Free Report) ended the recent trading session at $92.33, demonstrating a +1.39% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.14%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.
Heading into today, shares of the semiconductor components maker had lost 22.21% over the past month, lagging the Computer and Technology sector's loss of 4.82% and the S&P 500's gain of 0.25%.
The investment community will be closely monitoring the performance of ON Semiconductor Corp. in its forthcoming earnings report. The company is scheduled to release its earnings on August 3, 2026. In that report, analysts expect ON Semiconductor Corp. to post earnings of $0.72 per share. This would mark year-over-year growth of 35.85%. Meanwhile, our latest consensus estimate is calling for revenue of $1.59 billion, up 7.99% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.09 per share and revenue of $6.48 billion, which would represent changes of +31.49% and +8%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ON Semiconductor Corp. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.13% upward. As of now, ON Semiconductor Corp. holds a Zacks Rank of #3 (Hold).
Looking at its valuation, ON Semiconductor Corp. is holding a Forward P/E ratio of 29.45. This denotes a discount relative to the industry average Forward P/E of 51.85.
We can additionally observe that ON currently boasts a PEG ratio of 1. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Semiconductor - Analog and Mixed industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 20, finds itself in the top 9% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.