ON Semiconductor Corporation (ON)
ON Semiconductor Is No Longer Just A Cyclical Chipmaker
ON Semiconductor is executing a successful turnaround, driven by its Fab Right strategy and AI-driven demand tailwinds. AI data center and SiC products are structural growth engines, with management expecting AI data center revenue to more than double by 2026. ON is undervalued versus peers, with a FWD PEG of 0.68x and leading FCF margins, while cost savings and higher utilization drive margin expansion.
Prediction: ON Semiconductor Could Be a Sleeper AI Infrastructure Winner
Our 24/7 Wall St. price target for ON Semiconductor (NASDAQ:ON | ON Price Prediction) is $95.90 over the next 12 months. That points to 24.23% upside from the current $77.20 share price.
Onsemi well positioned for rising data center power demand, Jefferies says
Onsemi (NASDAQ:ON) is well positioned to benefit from rising data center power demand, Jefferies said, arguing that investor concerns about margins following the semiconductor maker's recent analyst day were overstated. The broker said Onsemi (NASDAQ:ON)'s 53% gross margin target should be viewed as a milestone rather than a ceiling, with margins potentially rising as volumes increase, costs fall and differentiated data center products ramp.
ON Semiconductor Has Cratered for 3 Months: This Wall Street Pro Remains Bullish, Citing 120% Returns for Buyers
ON Semiconductor shed nearly half its value in three months while its peers barely flinched, yet one Wall Street analyst just doubled down with the most aggressive price target on the Street.
onsemi Targets $2.5B AI Data-Center Revenue, Sets Ambitious 2030 Margin Goals
onsemi NASDAQ: ON outlined a strategy centered on power-density technologies for artificial intelligence data centers, electric vehicles, industrial systems and “Physical AI,” while setting long-term revenue, margin and free-cash-flow targets through 2030.
Onsemi's Investor Day Next Week Could Change Everything
On Semiconductor (ON) is positioned for a potential re-rating ahead of its Investor Day 2026, driven by a massive TAM upgrade to $213B by 2030. The $7B Synaptics acquisition expands ON's TAM by 233%, despite a 12-14% shareholder dilution and balance sheet concerns. ON's growth hinges on capitalizing on the AI data center shift to 800V DC power, with management targeting higher fab utilization and gross margins.
ON Semiconductor's Bull Trap Over: Brilliant AI-Driven Portfolio Renewal
The data center diversification and legacy business exits have driven ON's accelerated growth prospects beyond the mixed automotive/softer industrial demand. The new product launches, expanded customer wins, and accretive M&As underpin their growing data center opportunities of $115K per rack by 2030. ON's transformation is also evident from the accelerating FQ3'26 growth guidance, beyond the decent H1'26 numbers and trough FY2022-FY2025 metrics.
Physical AI Series: Beyond Nvidia, Why ON Semiconductor Is My First Pick
ON Semiconductor is positioned as a key enabler of physical AI, focusing on power, sensing, and control layers essential for robotics and automation. ON's proposed Synaptics acquisition strategically fills its edge compute and tactile sensing gap, making its semiconductor stack more complete for physical AI applications. Current AI data center revenue acceleration and a recovering core business underpin ON's near-term earnings, with physical AI as an upside rather than a necessity.
ON Semiconductor Stock's Pullback Puts Bullish Trendline In Focus
ON Semiconductor (NASDAQ:ON) stock has trimmed 24% since its June 3 record high of $134.92. The shares are up 1.3% today, putting them on track for their fifth positive session in seven.
onsemi Says Auto Demand Has Bottomed as AI Data Centers Accelerate Growth
onsemi NASDAQ: ON executives said demand conditions have improved across the company's end markets, with automotive appearing to have reached a bottom in the first quarter and artificial intelligence data-center demand providing a significant source of growth.
onsemi Boosts Utilization as AI Data Center Revenue Set to More Than Double
onsemi NASDAQ: ON executives said the company is increasing factory utilization to meet stronger demand in AI data center markets while maintaining its longer-term focus on automotive and industrial customers.
Why I've Begun Accumulating ON Semiconductor
ON Semiconductor keeps making the case for accumulation, and the Q2 2026 report only strengthened it.
