ON Semiconductor Corporation (ON) is a Technology stock trading at $71.93 (as of 2026-08-24), with a market capitalization of $28.00B and a trailing P/E of 44.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
ON Semiconductor Corporation designs and develops semiconductor solutions for sensing and power applications, offering products such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation. It operates across multiple groups and serves end-markets including automotive, industrial power, and energy systems such as solar, fast-charging, and storage.
ON Semiconductor provides intelligent sensing and power semiconductor products, and it makes money by selling analog, discrete, module, and integrated semiconductors into power and electrification end markets such as automotive, industrial power, solar, and storage.
ON's profitability is structurally tied to converting semiconductor demand into efficient manufacturing output, with support from long-term supply agreements (committed revenue under long-term supply agreements in Power Solutions) but sensitivity to utilization and working capital (die bank and factory utilization, days of inventory).
| Power Solutions | $0.7B |
| Advanced Solutions | $0.6B |
| Intelligent Sensing | $0.2B |
Business quality (Weak): Segment disclosure is clear (Power Solutions, Advanced Solutions, Intelligent Sensing), but current profitability is under pressure (operating margin negative), so investors should focus on utilization and how much revenue is anchored by long-term supply agreements.
Valuation: At 67× earnings, ON trades 30% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.
| Price | $71.93 |
| Market Cap | $28.00B |
| P/E Ratio | 44.4 |
| EV / EBITDA | 18.1 |
| Price / Book | 3.87 |
| Price / Sales | 4.52 |
| FCF Yield | 4.8% |
| DCF Value (model) | $29.12 |
| DCF Upside vs Price | -59.5% |
| Revenue (TTM) | $6.00B |
| Net Margin | 2.0% |
| Revenue Growth (YoY) | 9.2% |
| EPS Growth (YoY) | 41.5% |
| FCF Growth (YoY) | 505.7% |
| Altman Z-Score | 5.38 (safe) |
| Piotroski F-Score | 4/9 (moderate) |
| Stock P/E | 44.4 |
| Sector P/E (Technology) | 33.9 |
| Industry P/E (Electronic Equipment) | 38.8 |
| vs Sector | 31.0% |
| vs Industry | 14.6% |
| Top Institutional Holder | FMR LLC ($3.60B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Technology |
| Industry | Electronic Equipment |
| CEO | Hassane S. El-Khoury |
| Employees | 26,400 |
| Country | US |
| IPO Date | 2000-05-02 |
Data as of 2026-08-24.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.