ON Semiconductor Stock Forecast

Stock Price Forecast

According to 31 analysts polled by S&P Global, ON Semiconductor stock has a consensus rating of "Buy" and an average price target of $104.67. The average 1-year stock price forecast is 42.02% higher than the current stock price, while the lowest is $75 (+1.76%) and the highest is $150 (+103.53%).

Price Target: $104.67 (+42.02%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$75	$104.67	$100	$150
Change	+1.76%	+42.02%	+35.69%	+103.53%

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

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	13	10	10	11	12	13
Buy	1	1	1	2	2	2
Hold	19	18	18	16	16	16
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	33	29	29	29	30	31

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christopher Rolland Susquehanna	Susquehanna	Buy Reiterates n/a	Buy	Reiterates	n/a	n/a	Oct 15, 2026
John Vinh KeyBanc	KeyBanc	Buy Maintains $125	Buy	Maintains	$125	+69.61%	Oct 15, 2026
Tore Svanberg Stifel Nicolaus	Stifel Nicolaus	Hold Maintains $75 → $80	Hold	Maintains	$75 → $80	+8.55%	Oct 5, 2026
Mark Lipacis Evercore ISI	Evercore ISI	Buy Maintains $137	Buy	Maintains	$137	+85.89%	Oct 2, 2026
Jed Dorsheimer William Blair	William Blair	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Oct 2, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.56B

from 6.00B

9.41%

from 6.00B

Revenue Next Year

7.42B

from 6.56B

13.06%

from 6.56B

EPS This Year

3.20

from 2.35

36.36%

from 2.35

EPS Next Year

4.54

from 3.20

41.61%

from 3.20

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	6.74B	8.33B	8.25B	7.08B	6.00B	6.56B
Revenue Growth	28.26%	23.54%	-0.88%	-14.19%	-15.35%	9.41%
Gross Profit	2.71B	4.10B	3.88B	3.22B	2.30B	2.64B
Gross Margin	40.27%	49.26%	47.06%	45.41%	38.32%	40.27%
Operating Income	1.39B	2.80B	2.61B	1.90B	1.07B	1.43B
Net Income	1.01B	1.90B	2.18B	1.57B	121.00M	879.32M
EPS	-	-	-	-	2.35	3.20
EPS Growth	-	-	-	-	-40.95%	36.36%
Forward PE	20.04	13.55	17.90	15.57	20.03	23.00
Free Cash Flow	-	-	-	-	1.42B	1.61B
No. Analysts	-	-	-	-	-	30

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	6.7B
Avg	6.6B
Low	6.5B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	11.5%
Avg	9.4%
Low	7.9%

EPS Forecast

Chart

EPS	2026	2027	2028
High	3.35
Avg	3.20
Low	3.08

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	42.6%
Avg	36.4%
Low	31.1%