ON Semiconductor Corporation (ON)
NASDAQ: ON · Real-Time Price · USD
86.81
-3.32 (-3.68%)
At close: Jul 24, 2026, 4:00 PM EDT
86.13
-0.68 (-0.78%)
After-hours: Jul 24, 2026, 7:59 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 $113.52. The average 1-year stock price forecast is 30.77% higher than the current stock price, while the lowest is $85 (-2.09%) and the highest is $150 (+72.79%).

Price Target: $113.52 (+30.77%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$85$113.52$110$150
Change-2.09%+30.77%+26.71%+72.79%

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
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy101013131010
Buy211111
Hold232319191818
Sell001000
Strong Sell000000
Total353434332929

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Susquehanna
Susquehanna
Buy
Reiterates
n/a
BuyReiteratesn/an/aJul 20, 2026
Rosenblatt Securities
Rosenblatt Securities
Hold
Maintains
$85
HoldMaintains$85-2.09%Jul 20, 2026
Wells Fargo
Wells Fargo
Buy
Maintains
$140$130
BuyMaintains$140$130+49.75%Jul 20, 2026
TD Cowen
TD Cowen
Hold
Maintains
$110$95
HoldMaintains$110$95+9.43%Jul 13, 2026
Bank of America Securities
Bank of America Securities
Buy
Maintains
$138
BuyMaintains$138+58.97%Jul 9, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
6.49B
from 6.00B
Increased by 8.17%
Revenue Next Year
7.22B
from 6.49B
Increased by 11.36%
EPS This Year
3.12
from 2.35
Increased by 32.71%
EPS Next Year
4.34
from 3.12
Increased by 39.26%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
6.74B8.33B8.25B7.08B6.00B6.49B
Revenue Growth
28.26%23.54%-0.88%-14.19%-15.35%8.17%
Gross Profit
2.71B4.10B3.88B3.22B2.30B2.59B
Gross Margin
40.27%49.26%47.06%45.41%38.32%39.91%
Operating Income
1.39B2.80B2.61B1.90B1.07B1.41B
Net Income
1.01B1.90B2.18B1.57B121.00M892.65M
EPS
----2.353.12
EPS Growth
-----40.95%32.71%
Forward PE
20.0413.5517.9015.5720.0327.84
Free Cash Flow
902.09M1.50B-372.70M863.03M1.56B1.59B
No. Analysts
-----29
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High6.7B
Avg6.5B
Low6.3B

Revenue Growth

Revenue Growth202620272028
High
11.0%
Avg
8.2%
Low
5.1%

EPS Forecast

EPS202620272028
High3.46
Avg3.12
Low2.90

EPS Growth

EPS Growth202620272028
High
47.2%
Avg
32.7%
Low
23.4%