Equity Profile

ON

ON Semiconductor Corporation

Information TechnologySemiconductors$31.8B

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 products essential for various technologies, including automotive, industrial, and consumer electronics. As demand for advanced technologies like electric vehicles and AI continues to grow, ON's role in supplying critical components becomes increasingly important.

Key Metrics to Watch

EPS

Earnings per share (EPS) is a crucial indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

$0.72

Revenue

Revenue figures provide insight into the company's sales performance and overall market demand for its semiconductor products.

$1.6B

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, exceeding expectations by 4.58%. However, the stock experienced a slight decline of 0.96% the following day, indicating mixed market reactions.

Management Promises & Guidance

Continued focus on expanding automotive semiconductor offerings.
Commitment to improving operational efficiency.
Plans to enhance product development in high-growth sectors.

Expectations

Wall Street Expectations

Analysts expect ON Semiconductor to report solid earnings, with a consensus EPS of $0.72 and revenue of $1.6 billion. The market is closely watching for any signs of growth in key segments.

Bull Case

If ON beats EPS estimates and shows strong revenue growth, it could signal robust demand for its products, particularly in the automotive and industrial sectors, potentially boosting investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could raise concerns about slowing demand and impact the stock negatively.

Key Metrics to Watch

EPS

$0.72

Earnings per share (EPS) is a crucial indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

Revenue

$1.6B

Revenue figures provide insight into the company's sales performance and overall market demand for its semiconductor products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will ON Semiconductor's revenue growth exceed $1.6 billion?

This figure is crucial for assessing the company's market demand and overall health, especially in light of recent trends in the semiconductor industry.

What guidance will management provide for the upcoming quarters?

Forward-looking guidance will help investors gauge the company's outlook and potential growth areas, particularly in high-demand sectors like automotive and AI.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ON's growth potential in the automotive sector, where demand for semiconductors is surging due to the shift towards electric vehicles.

Supporting Evidence

Recent trends indicate increased investment in electric vehicle technology, which could boost ON's sales.

Options pricing suggests a larger move than historical averages, indicating market anticipation of significant news.

The company's recent operational improvements may not be fully reflected in current estimates.

Key Risk

If automotive revenue growth exceeds expectations, it could significantly alter market perceptions.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating ON's ability to sustain growth amidst increasing competition and changing market dynamics.

Bull Confirmed If

An EPS of $0.76 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $0.70 would raise concerns about slowing growth and market share.

Pre-Earnings Positioning

Options Market

Implied Move

±11.91%

Historical Avg

±5.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate 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)

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 about 0.7%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

A miss could lead to a decline of around 11.9%, reflecting investor disappointment and concerns over demand.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on automotive semiconductor demand and sales figures.
2Any commentary on operational efficiency improvements.
3Insights into product development in high-growth sectors.
4Management's outlook on market trends and competitive landscape.
5Details on customer demand and order backlog.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul31

SONYBMO

Sony Group Corporation

PreviewView

Jul31

ENBBMO

Company Snapshot

Key Metrics to Watch

EPS

Earnings per share (EPS) is a crucial indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

$0.72

Revenue

Revenue figures provide insight into the company's sales performance and overall market demand for its semiconductor products.

$1.6B

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, exceeding expectations by 4.58%. However, the stock experienced a slight decline of 0.96% the following day, indicating mixed market reactions.

Management Promises & Guidance

Continued focus on expanding automotive semiconductor offerings.
Commitment to improving operational efficiency.
Plans to enhance product development in high-growth sectors.

Expectations

Wall Street Expectations

Analysts expect ON Semiconductor to report solid earnings, with a consensus EPS of $0.72 and revenue of $1.6 billion. The market is closely watching for any signs of growth in key segments.

Bull Case

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could raise concerns about slowing demand and impact the stock negatively.

Key Metrics to Watch

EPS

$0.72

Earnings per share (EPS) is a crucial indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

Revenue

$1.6B

Revenue figures provide insight into the company's sales performance and overall market demand for its semiconductor products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will ON Semiconductor's revenue growth exceed $1.6 billion?

This figure is crucial for assessing the company's market demand and overall health, especially in light of recent trends in the semiconductor industry.

What guidance will management provide for the upcoming quarters?

Forward-looking guidance will help investors gauge the company's outlook and potential growth areas, particularly in high-demand sectors like automotive and AI.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ON's growth potential in the automotive sector, where demand for semiconductors is surging due to the shift towards electric vehicles.

Supporting Evidence

Recent trends indicate increased investment in electric vehicle technology, which could boost ON's sales.

Options pricing suggests a larger move than historical averages, indicating market anticipation of significant news.

The company's recent operational improvements may not be fully reflected in current estimates.

Key Risk

If automotive revenue growth exceeds expectations, it could significantly alter market perceptions.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating ON's ability to sustain growth amidst increasing competition and changing market dynamics.

Bull Confirmed If

An EPS of $0.76 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $0.70 would raise concerns about slowing growth and market share.

Pre-Earnings Positioning

Options Market

Implied Move

±11.91%

Historical Avg

±5.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate 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)

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 about 0.7%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

A miss could lead to a decline of around 11.9%, reflecting investor disappointment and concerns over demand.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on automotive semiconductor demand and sales figures.
2Any commentary on operational efficiency improvements.
3Insights into product development in high-growth sectors.
4Management's outlook on market trends and competitive landscape.
5Details on customer demand and order backlog.