
ON Semiconductor (ON) Stock Forecast & Price Target
ON Semiconductor (ON) Analyst Ratings
Bulls say
Onsemi is demonstrating a positive outlook driven by improved gross margin guidance, which is projected to increase by 30 basis points quarter-over-quarter to 38.5%, alongside a consistent rise in revenue in key segments such as aerospace, defense, and security, which saw a 70% year-over-year growth. The company's strategic shift towards a hybrid manufacturing model aims to enhance utilization rates, moving from the low 70% range in the first quarter of 2026 to mid-70% in subsequent quarters, indicating operational efficiency and capacity flexibility. This operational advancement, coupled with an anticipated revenue growth of approximately 25% from current levels as the company capitalizes on increasing demand in automotive and industrial markets, supports a robust financial outlook for Onsemi.
Bears say
The outlook for ON Semiconductor appears negative as the company's first-quarter guidance indicates a revenue forecast of $1.485 billion, which is below both internal estimates and market expectations, reflecting a quarterly decline of 2.9%. The Power Solutions Group and Analog & Mixed-Signal Group reported revenue declines of 1.8% and 4.6% quarter-over-quarter, respectively, highlighting challenges in their key segments amidst soft end-market demand. Additionally, despite a free cash flow of approximately $1.4 billion, the anticipated stagnation in automotive revenues and significant expected decline in industrial sales raise concerns about the company's growth trajectory.
This aggregate rating is based on analysts' research of ON Semiconductor and is not a guaranteed prediction by Public.com or investment advice.
ON Semiconductor (ON) Analyst Forecast & Price Prediction
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