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ON Semiconductor supplies the power chips running AI data centers, EVs, and grid storage, and its stock still sits nearly 50% below its 52-week high. A specific combination of catalysts could change that in a dramatic way by 2027.
First Citizens Bank and Trust Co. purchased a new stake in shares of onsemi (NASDAQ: ON) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,258 shares of the semiconductor company's stock, valued at approximately $635,000. Other institutional investors have also recently bought
SCOTTSDALE, Ariz., Oct. 15, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) plans to announce its financial results for the third quarter, which ended October 2, 2026, after market close on Monday, November 2, 2026.
Summary As AI-driven electricity demand accelerates worldwide, utilities and energy providers are under growing pressure to store and deliver energy more efficiently. Battery energy storage system (BESS) providers are seeking advanced power conversion technologies to improve performance and system economics.
ON Semiconductor crashed hard in 2025, but the numbers coming out of its latest quarter tell a very different story, and the question now is whether the market has fully caught on yet.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
ON Semiconductor is rated a "Buy", driven by improving profitability, strong cash flows, and exposure to long-term growth trends in automotive and AI data centers. Q2 2026 saw 9% revenue growth, but adjusted EPS grew four times faster, reflecting operational efficiency and disciplined expense control. ON's 'Fab Right' strategy targets production cost reductions and margin expansion, while robust free cash flow supports aggressive share buybacks.