ON Semiconductor Corporation (ON)
ON Semiconductor Is More Than A Cyclical Auto Semi
I rate ON Semiconductor a Strong Buy with a $126 price target, implying ~30% upside from the current level of $97 per share. The main growth drivers are AI data center power, automotive content growth through 900V EV platforms and EliteSiC, plus Treo, vertical GaN and Synaptics. ON's forward non-GAAP PEG ratio of about 0.95x is attractive versus the sector median of 1.37x, and my EPS bridge supports a price target of about $126, implying 30% upside.
ON Benefits From Rising Demand for Power Solutions: What's Ahead?
ON Semiconductor's AI data center revenues are set to double in 2026 as advanced power solutions gain traction across EVs, energy storage and industrial markets.
Vishay vs. ON Semiconductor: Which Auto Chip Stock Has More Upside?
VSH is outpacing ON in 2026 as strong automotive share gains, EV program wins, and broad semiconductor demand fuel a stronger growth story.
onsemi vs. STMicroelectronics: Which EV Chip Stock Is the Better Buy?
The electrification of transportation continues to create long-term opportunities for semiconductor companies specializing in power management, silicon carbide (SiC), sensors and automotive microcontrollers. As global automakers transition toward electric vehicles (EVs), software-defined vehicles and higher-voltage architectures, suppliers with differentiated automotive chip portfolios are well positioned to benefit.
onsemi Trades at a Discount: Buy, Hold or Sell the Stock?
onsemi ON has quietly become one of the semiconductor sector's strongest performers in 2026. The stock has surged 115.7% year to date, significantly outperforming the Zacks Semiconductor – Analog and Mixed industry's 65% gain and the S&P 500's 8.6% advance.
ON Semiconductor: Growth Recovery Underway With Margin Expansion
Revenue growth is recovering, led by AI data center momentum and stabilization in automotive and industrial segments, though automotive faces competitive risks in China. Margin expansion is driven by utilization gains, Treo product scaling, and normalized capex, with gross margin projected to reach 54.4% and EBIT margin 39.2% by 2030. Valuation rerating is justified by stronger forward earnings and profitability outlooks, with upside potential from Fab Right initiatives and continued AI data center growth.
Will GaNEXUS Accelerate ON's AI Data Center Growth Story?
On Semiconductor's new GaNEXUS GaN power portfolio targets AI data centers, promising faster switching, higher density and a $1.5B+ design funnel.
ON Semiconductor: The Rally Still Has Legs
ON Semiconductor has seen an inflection point, with Q1 2026 marking its first YoY revenue growth quarter since 2023 Q2. AI data center segment revenue more than doubled YoY, positioning ON Semiconductor as a critical enabler in the AI revolution. Q2 guidance signals accelerating growth and profitability, with revenue and EPS midpoints above consensus.
Prediction: ON Semiconductor Could Be 2026's Big Tech Stock
ON Semiconductor (NASDAQ:ON | ON Price Prediction) has staged one of the most aggressive recoveries in the chip sector this year, and our proprietary model still sees room to run.
How onsemi Is Winning in Renewable Energy Infrastructure
ON is gaining ground in renewables with SiC tech and fast-growing energy storage and microgrids, along with a fresh design win and AI-driven power demand.
AI's Biggest Bottleneck Could Make These 2 Stocks Soar
While retail capital chases the computational firepower of AI logic chips, a more fundamental story is unfolding in the circuitry that powers them. The insatiable energy demands of next-generation data centers and electric vehicles (EVs) are forcing a non-negotiable architectural shift from legacy 48-volt systems to 800-volt platforms.
Prediction: Why We See ON Semiconductor Hitting a New All-Time High This Year
onsemi (NASDAQ:ON | ON Price Prediction) has staged a remarkable comeback in the semiconductor sector this year, and our proprietary model says the rally has room to run.
