Onsemi slightly misses Q4 revenue estimates

ON Semiconductor

09/02/2026 21:24

Corrects to remove reference to dated news in third bullet of Overview

Overview

Semiconductor maker's Q4 revenue slightly missed analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Outlook

Company projects Q1 2026 revenue between $1,435 mln and $1,535 mln

Company expects Q1 2026 gross margin between 37.4% and 39.4% GAAP

Company anticipates Q1 2026 diluted EPS between $0.28 and $0.38 GAAP

Result Drivers

TECHNOLOGY INVESTMENTS - onsemi continues to invest in intelligent power and sensing technologies, focusing on automotive, industrial, and AI data center sectors, per CEO Hassane El-Khoury

NEW PRODUCT INTRODUCTION - Introduced vertical gallium nitride power semiconductors, setting a new benchmark for power density and efficiency

STRATEGIC COLLABORATIONS - Signed MoU with Innoscience and collaboration with GlobalFoundries to expand GaN power device production

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$1.53 bln
$1.54 bln (29 Analysts)
Q4 Adjusted EPS
Beat
$0.64
$0.62 (31 Analysts)
Q4 Net Income
$181.80 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy", 21 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy."

Wall Street's median 12-month price target for ON Semiconductor Corp is $65.00, about 0.3% below its February 6 closing price of $65.20

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX3Q92Vm

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)