ON Semiconductor (NASDAQ:ON | ON Price Prediction) currently trades at $81.17, while the Wall Street consensus price target sits at $108.88, leaving roughly 34% of implied upside.
Our call on ON Semiconductor (NASDAQ:ON | ON Price Prediction) is straightforward.
onsemi's Q2 earnings and revenues beat estimates as AI data center demand, a richer mix and higher utilization fueled growth.
onsemi NASDAQ: ON is a bold play on physical AI with unparalleled opportunity due to its position in the semiconductor ecosystem, the planned acquisition of Synaptics, and potential next moves that could surprise the market. The company is perfectly positioned as a hardware provider, producing silicon carbide and gallium nitride semiconductors suitable for a wide range of high-performance applications.
ON raises its 2026 AI data center outlook to more than double last year as tighter supply and higher factory utilization support Q3 revenue and margin growth.
onsemi NASDAQ: ON reported second-quarter 2026 results above the midpoint of its guidance, citing recovering demand, continued growth in AI data-center applications and improving operating leverage.
The chipmaker reported second-quarter net income of $226.8 million, up from $170.3 million a year earlier.
ON's improving auto and industrial demand, AI power growth and Fab Right gains support Q2, but weak EV markets and premium valuation warrant caution.
onsemi's 67% YTD rally reflects AI growth and portfolio gains, but auto volatility, competition and valuation may cap near-term upside.
ON Semiconductor's (NASDAQ:ON | ON Price Prediction) rebound has been one of the semiconductor sector's more dramatic stories of 2026, and our proprietary model still sees room to run.
ON's Fab Right divestitures aim to cut costs, lift efficiency and support higher-margin growth in AI data centers, automotive and industrial markets.
Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.