Equity Profile

ON

ON Semiconductor Corporation

Information TechnologySemiconductors$35.2B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

ON Semiconductor Corporation is a key player in the semiconductor industry, providing a wide range of semiconductor solutions that are essential for various technologies, including automotive, industrial, and consumer electronics. As the demand for advanced technologies like AI and electric vehicles grows, ON's role in supplying critical components becomes increasingly important.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and meet increasing demand for semiconductors.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

ON Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.95%

Avg Stock Reaction

-2.45%

Last Quarter Recap

In Q1-2026, ON Semiconductor reported an EPS of $0.64, beating estimates by 4.58%. However, the stock experienced a slight decline of 0.96% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about ON Semiconductor's upcoming earnings report, especially given its recent EPS beats. However, uncertainty remains due to the lack of specific guidance.

Bull Case

The bullish perspective hinges on continued strong demand for semiconductors, particularly in automotive and AI applications, which could lead to significant revenue growth.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of slowing demand, it could lead to a negative market reaction, especially given the recent stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for Q2-2026?

EPS is a key metric that investors use to gauge the company's profitability and success in managing costs and revenue.

How is ON Semiconductor addressing supply chain challenges?

Given the ongoing global semiconductor shortage, the company's strategy to manage supply chain issues will be critical for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for ON Semiconductor to capitalize on the growing demand for electric vehicles and AI technologies, which could drive higher revenue than anticipated.

Supporting Evidence

Recent trends in the automotive sector suggest increased semiconductor demand, which ON is well-positioned to meet.

The company's historical performance shows a consistent ability to surprise on the upside, which could be overlooked in current estimates.

Key Risk

If the company reports significant growth in automotive semiconductor sales, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing ON Semiconductor's ability to maintain growth amidst supply chain challenges and fluctuating demand.

Bull Confirmed If

An EPS of $0.70 or higher would indicate strong performance and could validate the bullish outlook.

Bear Confirmed If

An EPS below $0.60 would raise concerns about demand and profitability, confirming the bearish outlook.

Pre-Earnings Positioning

Options Market

Implied Move

±11.91%

Historical Avg

±5.9%

Pricing rich

The options market is pricing in a significant move of nearly 12%, suggesting that investors expect volatility around the earnings report.

Options are pricing ±11.9% while ON has averaged ±5.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

65.5%

Calls (295K)P/C Ratio: 0.29Puts (164K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ON beats expectations, history suggests the stock could rise by around 0.70%, confirming a positive outlook for growth.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should the company miss expectations, history indicates a potential decline of about 11.90%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on automotive semiconductor demand and production capacity.
2Details on supply chain management strategies and their effectiveness.
3Insights into new product developments or partnerships.
4Management's outlook on market trends in AI and electric vehicles.
5Any commentary on cost management and pricing strategies.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and meet increasing demand for semiconductors.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

ON Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.95%

Avg Stock Reaction

-2.45%

Last Quarter Recap

In Q1-2026, ON Semiconductor reported an EPS of $0.64, beating estimates by 4.58%. However, the stock experienced a slight decline of 0.96% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

The bullish perspective hinges on continued strong demand for semiconductors, particularly in automotive and AI applications, which could lead to significant revenue growth.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of slowing demand, it could lead to a negative market reaction, especially given the recent stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for Q2-2026?

EPS is a key metric that investors use to gauge the company's profitability and success in managing costs and revenue.

How is ON Semiconductor addressing supply chain challenges?

Given the ongoing global semiconductor shortage, the company's strategy to manage supply chain issues will be critical for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for ON Semiconductor to capitalize on the growing demand for electric vehicles and AI technologies, which could drive higher revenue than anticipated.

Supporting Evidence

Recent trends in the automotive sector suggest increased semiconductor demand, which ON is well-positioned to meet.

The company's historical performance shows a consistent ability to surprise on the upside, which could be overlooked in current estimates.

Key Risk

If the company reports significant growth in automotive semiconductor sales, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing ON Semiconductor's ability to maintain growth amidst supply chain challenges and fluctuating demand.

Bull Confirmed If

An EPS of $0.70 or higher would indicate strong performance and could validate the bullish outlook.

Bear Confirmed If

An EPS below $0.60 would raise concerns about demand and profitability, confirming the bearish outlook.

Pre-Earnings Positioning

Options Market

Implied Move

±11.91%

Historical Avg

±5.9%

Pricing rich

The options market is pricing in a significant move of nearly 12%, suggesting that investors expect volatility around the earnings report.

Options are pricing ±11.9% while ON has averaged ±5.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

65.5%

Calls (295K)P/C Ratio: 0.29Puts (164K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ON beats expectations, history suggests the stock could rise by around 0.70%, confirming a positive outlook for growth.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should the company miss expectations, history indicates a potential decline of about 11.90%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on automotive semiconductor demand and production capacity.
2Details on supply chain management strategies and their effectiveness.
3Insights into new product developments or partnerships.
4Management's outlook on market trends in AI and electric vehicles.
5Any commentary on cost management and pricing strategies.