ON Semiconductor Corporation (ON)
NASDAQ: ON · Real-Time Price · USD
74.38
+0.73 (0.99%)
At close: Sep 4, 2026, 4:00 PM EDT
74.37
-0.01 (-0.01%)
After-hours: Sep 4, 2026, 7:55 PM EDT

ON Semiconductor Stock Forecast

Stock Price Forecast

According to 29 analysts polled by S&P Global, ON Semiconductor stock has a consensus rating of "Buy" and an average price target of $107.68. The average 1-year stock price forecast is 44.77% higher than the current stock price, while the lowest is $85 (+14.28%) and the highest is $150 (+101.67%).

Price Target: $107.68 (+44.77%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$85$107.68$108$150
Change+14.28%+44.77%+45.20%+101.67%

Analyst Ratings

The average analyst rating for ON Semiconductor stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy101313101011
Buy111112
Hold231919181816
Sell010000
Strong Sell000000
Total343433292929

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Wells Fargo
Wells Fargo
Buy
Maintains
$110$95
BuyMaintains$110$95+27.72%Sep 3, 2026
Cantor Fitzgerald
Cantor Fitzgerald
Hold
Reiterates
n/a
HoldReiteratesn/an/aAug 17, 2026
Citi
Citi
Hold
Maintains
$120$98
HoldMaintains$120$98+31.76%Aug 5, 2026
Rosenblatt Securities
Rosenblatt Securities
Hold
Maintains
$85
HoldMaintains$85+14.28%Aug 5, 2026
Evercore ISI
Evercore ISI
Buy
Maintains
$137
BuyMaintains$137+84.19%Aug 4, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
6.56B
from 6.00B
Increased by 9.42%
Revenue Next Year
7.41B
from 6.56B
Increased by 12.88%
EPS This Year
3.20
from 2.35
Increased by 36.28%
EPS Next Year
4.53
from 3.20
Increased by 41.42%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
6.74B8.33B8.25B7.08B6.00B6.56B
Revenue Growth
28.26%23.54%-0.88%-14.19%-15.35%9.42%
Gross Profit
2.71B4.10B3.88B3.22B2.30B2.64B
Gross Margin
40.27%49.26%47.06%45.41%38.32%40.29%
Operating Income
1.39B2.80B2.61B1.90B1.07B1.43B
Net Income
1.01B1.90B2.18B1.57B121.00M876.98M
EPS
----2.353.20
EPS Growth
-----40.95%36.28%
Forward PE
20.0413.5517.9015.5720.0323.23
Free Cash Flow
902.09M1.50B-372.70M863.03M1.56B1.62B
No. Analysts
-----29
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High6.7B
Avg6.6B
Low6.5B

Revenue Growth

Revenue Growth202620272028
High
11.5%
Avg
9.4%
Low
7.9%

EPS Forecast

EPS202620272028
High3.33
Avg3.20
Low3.08

EPS Growth

EPS Growth202620272028
High
41.7%
Avg
36.3%
Low
31.1%