ON Semiconductor braces for Q2 results as EV softness, factory underuse, and pricing shifts shape segment performance.
My previous buy recommendations of ON Semiconductor have underperformed due to a cyclical downturn in auto and industrial markets. Management is expecting a rebound in the company's end markets in the near future, which should boost ON Semiconductor's fundamentals. ON's valuation remains reasonable compared to peers, with a forward P/S ratio of 3.87 and healthy margins.
The ongoing bottoming of automotive/ industrial end markets have been well supported by ON's sequentially flat FQ2'25 guidance and its analog peers' promising commentaries. This is significantly aided by the early monetization of its data center offerings, as the management announces new hyperscaler and supplier partnerships. On the other hand, it goes without saying that the ON stock is now rather expensive and seemingly overbought based on technical indicators.
Recently, Zacks.com users have been paying close attention to ON Semiconductor Corp. (ON). This makes it worthwhile to examine what the stock has in store.
After struggling with demand, the company's chief executive sees a recovery on the horizon.
ON Semiconductor Corp. (ON) reported earnings 30 days ago. What's next for the stock?
ON Semiconductor Corp. (ON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
ON Semiconductor Corporation (NASDAQ:ON ) Bank of America Securities 2025 Global Technology Conference June 3, 2025 1:40 PM ET Company Participants Hassane El-Khoury - President, Chief Executive Officer Thad Trent - Executive Vice President, Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Hassane El-Khoury [Call Starts Abruptly] We've set out to really reposition the company strategically, but also from a financial posture. Over the last few years, we've really focused on what we can control, and that became even more important and relevant in the last couple of years with all the volatility that we've had, which is whether it's demand, whether it's geopolitical, and.
ON shows strong growth across SiC and AI Data Centers amidst declining EV demand due to challenging macroeconomic conditions.
Recently, Zacks.com users have been paying close attention to ON Semiconductor Corp. (ON). This makes it worthwhile to examine what the stock has in store.
I previously rated ON Semiconductor a Hold due to management's lack of confidence in market recovery for 2025, despite the stock appearing cheap. Geopolitical shifts and import restrictions have further impacted the semiconductor and automotive sectors, complicating ON's outlook. ON is addressing issues like fab underutilization and elevated inventory with measures such as cutting fab capacity and reducing workforce, aiming to improve margins.
Explore ON Semiconductor Corp.'s (ON) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.