ON Semiconductor Corporation (ON)
Coverage summary
Aardvark Labs Capital Research has covered ON Semiconductor Corporation (ON) since August 5, 2025. The company is in the Technology sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published November 5, 2026. The current rating is Outperform, unchanged since the Q2 2026 Earnings Recap of August 4, 2026. The rating has changed 3 times since coverage began.
Translations: 5 in Chinese.
Rating history
All ON reports
Recap: Q3 2026
The Dilution Reserve Comes Off and the Multiple Comes Down: Maintain Outperform on onsemi at 15x FY27
Recap: Q2 2026
The Margin Step Arrives at a Better Price: Upgrade to Outperform, with a Reserve for Synaptics Dilution
Recap: Q1 2026
The Inflection Is Confirmed and AI Data Center Doubles — But After a 143% Run to 33x Earnings, We Harvest the Outperform Call and Downgrade to Hold
Recap: Q4 2025
The Inflection Arrives: First Year-Over-Year Growth Guide in Three Years, Margins Expand Through Seasonality, and AI Rack Content Doubles — Upgrading to Outperform
Recap: Q3 2025
Stabilization Turns to Seasonality: A Clean Beat, AI Sized at $250M, Margins to 38% — Maintaining Hold as the Restocking Cycle Stays on the Sidelines
Recap: Q2 2025
Stabilization, Not Recovery: onsemi Beats and Meets but Sheds 16% on the Long Road to 53% Margins — Initiating at Hold