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ON Semiconductor Corp. (ON) Rises Higher Than Market: Key Facts

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ON Semiconductor Corp. (ON - Free Report) closed the most recent trading day at $76.94, moving +1.75% from the previous trading session. This change outpaced the S&P 500's 0.58% gain on the day. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.05%.

The semiconductor components maker's shares have seen an increase of 2.74% over the last month, surpassing the Computer and Technology sector's loss of 2.67% and the S&P 500's gain of 0.97%.

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 November 2, 2026. On that day, ON Semiconductor Corp. is projected to report earnings of $0.88 per share, which would represent year-over-year growth of 39.68%. Simultaneously, our latest consensus estimate expects the revenue to be $1.71 billion, showing a 10.02% escalation compared to the year-ago quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.21 per share and revenue of $6.58 billion, indicating changes of +36.6% and +9.7%, respectively, compared to the previous year.

Investors might also notice recent changes to analyst estimates for ON Semiconductor Corp. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.33% higher. ON Semiconductor Corp. is holding a Zacks Rank of #3 (Hold) right now.

In terms of valuation, ON Semiconductor Corp. is currently trading at a Forward P/E ratio of 23.56. For comparison, its industry has an average Forward P/E of 31.25, which means ON Semiconductor Corp. is trading at a discount to the group.

Investors should also note that ON has a PEG ratio of 0.62 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - Analog and Mixed industry currently had an average PEG ratio of 0.73 as of yesterday's close.

The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 20, placing it within the top 9% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow ON in the coming trading sessions, be sure to utilize Zacks.com.

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