Is ON Semiconductor (ON) overvalued or fairly valued?

MarketChacha shows ON Semiconductor's valuation in context — a trailing P/E of about 49.1, a forward P/E of about 16.5, a price-to-book of about 4.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does ON Semiconductor's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.46×) from reported figures — education, not a rating.

What is ON Semiconductor's revenue?

ON Semiconductor reported revenue of $6.0B for FY2025, with net profit of $121.0M, per official filings.

What is the share price of ON Semiconductor (ON)?

ON Semiconductor last traded at $74.60 (+1.3% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

ON Semiconductor

ON · NASDAQ · Technology · United States

Snapshot

TickerON

ExchangeNASDAQ

SectorTechnology

IndustrySemiconductors

CountryUnited States

Employees22,600

HeadquartersScottsdale, United States

Websitewww.onsemi.com

Filings tracked19

About ON Semiconductor

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies. Its Analog and Mixed-Signal Group segment designs and develops analog and mixed-signal solutions, including power management, sensor interface, connectivity, and standard products for automotive, industrial automation, AI data centers, computing, and mobile end markets. The Intelligent Sensing Group segment develops complementary metal-oxide-semiconductor image sensors, image signal processors, short-wave infrared sensors, and other products, as well as photon-counting technologies, including single-photon avalanche diode arrays and silicon photomultiplier devices for depth sensing, factory automation, safety systems, and robotics industries. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.

Who owns it

Insiders0.3%
Institutions99.7%
Public & other0.0%

1,399 institutional holders

Ownership breakdown from public market data.

Top holders

FMR, LLC14.56%
Blackrock Inc.10.53%
Vanguard Capital Management LLC6.58%
Vanguard Portfolio Management LLC5.04%
State Street Corporation4.77%
Jupiter Topco LLC3.45%
Geode Capital Management, LLC2.78%
JPMORGAN CHASE & CO2.60%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 24.4 points over the period — profitability is trending down.

Cash conversion1.46×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend26.5% → 2.0%

Margin has compressed by about 24.4 points over the period — profitability is trending down.

Return on equity1.6%

Latest ROE of 1.6% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev -15% · PAT -76%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.7B · EPS 0.95

Est. earnings growth +49.2%

Next fiscal year

Rev $7.4B · EPS 4.53

Est. earnings growth +41.4%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$6.0B

Net margin

2.0%

ROE

1.6%

Revenue CAGR (2y)

-14.8%

Profit CAGR (2y)

-76.5%

EPS (FY2025)

0.29

Net profit (FY2025)

$121.0M

Ask MarketChacha about ON

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$6.0B	$121.0M	0.29	2.0%	1.6%
FY2024	$7.1B	$1.6B	3.63	22.2%	17.9%
FY2023	$8.3B	$2.2B	4.89	26.5%	28.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q3	$1.6B	$226.8M	0.56	14.1%
2026Q2	$1.5B	$-33.4M	-0.08	-2.2%
2025Q4	$1.6B	$255.0M	0.63	16.4%
2025Q3	$1.5B	$170.3M	0.41	11.6%
2025Q2	$1.4B	$-486.1M	-1.15	-33.6%
2024Q3	$1.8B	$401.7M	0.93	22.8%
2024Q2	$1.7B	$338.2M	0.78	19.5%
2024Q1	$1.9B	$453.0M	1.04	24.3%
2023Q3	$2.2B	$582.7M	1.29	26.7%
2023Q2	$2.1B	$576.6M	1.29	27.5%
2023Q1	$2.0B	$461.7M	1.03	23.6%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/3/2026
8-K — Results of operations, Exhibits
SEC8/3/2026material
8-K — Material agreement, Other events, Exhibits
SEC6/25/2026material
8-K — Executive/director change, Shareholder vote results
SEC5/18/2026material
8-K — Material agreement, Material financial obligation, Unregistered equity sale, Other events, Exhibits
SEC5/12/2026material
8-K — Other events, Exhibits
SEC5/7/2026material
8-K — Other events, Exhibits
SEC5/6/2026material
8-K — Results of operations, Exhibits
SEC5/4/2026material
10-Q filing
SEC5/4/2026
8-K — Executive/director change
SEC3/11/2026material
8-K — Results of operations, Exhibits
SEC2/9/2026material
10-K filing
SEC2/9/2026

2025

8-K — Material impairment
SEC11/17/2025material
8-K — Executive/director change
SEC11/5/2025material
8-K — Results of operations, Exhibits
SEC11/3/2025material
10-Q filing
SEC11/3/2025
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC9/23/2025material
8-K — Results of operations, Exhibits
SEC8/4/2025material
10-Q filing
SEC8/4/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.