The headline reads as positive (93% confidence from the FinBERT financial-language model), so the stock went through the full analysis. The rest of the picture is mixed, so the headline alone is not enough for a clear call.
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ON Semiconductor Corporation (ON) stock analysis
SKIP 5% confidence · analysed Oct 14, 2026
On Oct 14, 2026, our model rated ON Semiconductor Corporation (ON) SKIP with 5% confidence at a price of $76.69. That means the signals cancel out; the model sees no clear edge either way.
SectorTechnology
IndustrySemiconductors
Market cap29.86B
Analysed price$76.69
Technical picture
The 14-day RSI is 55, close to the neutral 50 line, so momentum is balanced.
MACD is below its signal line, so short-term momentum is pointing down.
The price is above its 50-day moving average but still below the 200-day: a short-term recovery inside a longer-term downtrend.
Volume is only 0.6x its 20-day average; light trading makes the latest move less convincing.
Trend structure and money flow
Market structure: ranging / no clear structure.
The most recent swing high is $134.92 and the swing low is $44.56; traders often treat these as resistance and support.
Fundamentals
The PEG ratio is 0.17, which looks cheap relative to its expected growth.
The company reports a profit margin of 10.2% and revenue growth of +9.2%.
In its latest quarter it earned $0.74 per share, which beat the $0.72 analysts expected, with revenue +9.2% year over year.
Wall Street's average rating is 2.1 on a 1 (strong buy) to 5 (sell) scale, roughly a "buy", with an average price target of $104.46.
The next earnings report is expected around Nov 2, 2026; prices often move sharply around earnings.
Research notes
The bull case has strengthened: Q2 revenue rose 9% year over year to $1.60 billion, EPS beat estimates, AI data-center revenue is expected to more than double in 2026, and management raised its long-term growth target to 12%–14% annually through 2030. The main bear case remains ON’s exposure to cyclical automotive and China demand, semiconductor-sector weakness, execution risk around the Synaptics acquisition, and a cautious technical setup after shares fell below their 50- and 200-day moving averages. A major new catalyst is the amended Synaptics deal, which lowers the purchase price to about $5.7 billion and is expected to be immediately accretive, while potentially expanding ON’s AI-infrastructure exposure. At roughly $76–$77 versus the prior $76.69 view, price action is broadly flat and technically weaker, so it does not yet confirm the previous positive view even though the latest operating and strategic news supports it.
The model's one-paragraph read
No clear edge (SKIP) — composite score -0.05 (SKIP). Technicals: RSI 49.04, MACD bearish, price below SMA50. Fundamentals: PEG 0.17, margin 10.2%, revenue growth 9.2%. Financial results: YoY revenue +9.2%, last EPS surprise +2.8%, next earnings 2026-11-02. Smart Money Concepts: ranging / no clear structure. FinGPT news read: neutral. Memory: 2 prior look(s). Internet research: The bull case has strengthened: Q2 revenue rose 9% year over year to $1.60 billion, EPS beat estimates, AI data-center revenue is expected to more than double in 2026, and management raised its long-term growth target to 12%–14% annually through 2030. The main bear case remains ON’s exposure to cyclical automotive and China demand, semiconductor-sector weakness, execution risk around the Synaptics acquisition, and a cautious technical setup after shares fell below their 50- and 200-day moving averages. A major new catalyst is the amended Synaptics deal, which lowers the purchase price to about $5.7 billion and is expected to be immediately accretive, while potentially expanding ON’s AI-infrastructure exposure. At roughly $76–$77 versus the prior $76.69 view, price action is broadly flat and technically weaker, so it does not yet confirm the previous positive view even though the latest operating and strategic news supports it. Reference price $72.53; no trade levels (SKIP).
Past ratings for ON
| Date | Verdict | Confidence | Price | Move since | |
|---|---|---|---|---|---|
| Oct 14, 2026 | SKIP | 5% | $76.69 | — |
"Move since" compares each call's price with the latest analysed price.
Recent news on ON
Oct 14, 2026 · ON Semiconductor lifted its 2030 AI data-center addressable-market outlook from $12 billion to nearly $50 billion
Oct 14, 2026 · onsemi and Sungrow Advance Utility-Scale Energy Storage Performance with SiC Hybrid Technology
The headline reads as positive (83% confidence from the FinBERT financial-language model), so the stock went through the full analysis. The rest of the picture is mixed, so the headline alone is not enough for a clear call.
- Oct 14, 2026: ON Semiconductor raises 2030 AI data-center addressable-market outlook to nearly $50 billion (Yahoo Finance)
- Oct 14, 2026: ON Semiconductor lifted its 2030 AI data-center addressable-market outlook from $12 billion to nearly $50 billion (Yahoo Finance)
- Oct 14, 2026: onsemi and Sungrow Advance Utility-Scale Energy Storage Performance with SiC Hybrid Technology (GlobeNewswire)
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Frequently asked questions
Is ON a buy right now?
As of Oct 14, 2026, our automated model rates ON Semiconductor Corporation (ON) SKIP with 5% confidence: the signals cancel out; the model sees no clear edge either way. This is a model output for education, not personal investment advice.
When does ON Semiconductor Corporation report earnings next?
The next earnings report is expected around Nov 2, 2026.
What does a SKIP rating mean?
A SKIP rating means the signals cancel out; the model sees no clear edge either way.
For information and education only. Not investment advice. Ratings are produced by an automated model, can be wrong, and may be out of date. Do your own research; you can lose money investing. The site's author may hold positions in stocks discussed here.