ON
ON SEMICONDUCTOR CORPEvidence as of 2026-09-03Overview · ON SEMICONDUCTOR CORP
ON Semiconductor Corporation provides intelligent sensing and power solutions in the United States and internationally. The company operates through three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging sys…
Management team
- Dr. Steven D. Gray Ph.D. · Senior Vice President of New Product DevelopmentFind on LinkedIn
- Mr. Thad Trent · Executive VP, CFO, Treasurer & Principal Accounting OfficerFind on LinkedIn
- Ms. Felicity Carson · Senior VP & Chief Marketing OfficerFind on LinkedIn
- Mr. Michael Balow · Executive Vice President of SalesFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.5 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
Revenue for the fiscal quarter ended 2026-07-29 (Q2 2026) was $ 1,603,500,000 , up from $ 1,513,300,000 in the fiscal quarter ended 2026-04-29 (Q1 2026) and up from $ 1,468,700,000 in the fiscal quarter ended 2025-07-30 (Q2 2025). Gross profit in Q2 2026 was $ 616,300,000 ( 38.4 % of revenue), which the desk characterizes as a mild expansion versus recent quarters but notes that this claim was weakened in debate.
Operating income swung from an operating loss of $ 53,400,000 in Q1 2026 to operating income of $ 258,600,000 in Q2 2026, and net income moved from a loss of $ 33,400,000 in Q1 2026 to net income of $ 226,800,000 in Q2 2026. Liquidity increased at the Q2 2026 balance date with cash and cash equivalents of $ 3,514,500,000 while long-term debt rose to $ 4,504,900,000; repurchases and a falling share count are evident, with repurchase payments of $ 345,700,000 in the prior quarter and shares outstanding declining to 389,311,721 as of 2026-07-29.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue for the fiscal quarter Q2 2026 (2026-04-04 to 2026-07-03) was $1,603,500,000, up from $1,513,300,000 in fiscal Q1 2026 (2026-01-01 to 2026-04-03) and up from $1,468,700,000 in fiscal Q2 2025 (2025-04-05 to 2025-07-04).
XBRL companyfacts · 0001097864-26-000017Gross profit and gross margin show mild expansion: gross profit was $616,300,000 (38.4% of revenue) in fiscal Q2 2026 versus $583,100,000 (38.5%) in fiscal Q1 2026, $587,200,000 (37.9%) in fiscal Q3 2025, and $551,900,000 (37.6%) in fiscal Q2 2025.
XBRL companyfacts · 0001097864-26-000017weakened in debateReads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, the record shows ON is a holding in the ETF with symbol IVV at 0.06% weight of that fund.
ETF constituents · market dataThe provided ownership evidence includes a single ETF membership entry for ON (the IVV holding) with the timestamp 2026-09-02T13:45:47.228469+00:00.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Coverage includes an earnings-season roundup focusing on how onsemi performed within the analog semiconductors segment, published 2 September 2026.
News · finance.yahoo.com · 2026-09-02Multiple pieces highlight company-specific operational updates from late August 2026, including commentary that automotive demand appears to have bottomed and that the company raised its 2026 AI data-center revenue outlook to more than double year-over-year.
News · simplywall.st · 2026-08-28Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model reports an implied free-cash-flow (FCF) growth rate of 17.89% (0.1789) that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-FCF (price_to_fcf) is 28.57 and FCF per share is $2.5324 based on the trailing-twelve-month FCF of $1,024,100,000.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several SEC-filed operating and liquidity metrics together build a favorable read: sequential and year-over-year revenue growth (fundamentals-0) accompanied by mild gross-margin expansion (fundamentals-1) and a clear operating-income and net-income recovery from the prior quarter (fundamentals-2, fundamentals-3). Material share-count reduction and large repurchase payments (fundamentals-4, fundamentals-5) increase per-share economics while cash balances rose materially (fundamentals-7), and independent news items report operational momentum in automotive demand and a raised AI data-center revenue outlook (news-1). The implied FCF-growth assumption embedded in the model (valuation-0) is consistent with the company’s strong free-cash-flow generation shown in the trailing data (valuation-1, valuation-3), reinforcing the linkage between operations, cash, and valuation. Evidence strength: the core financials and share-repurchase figures are from recent SEC filings (high strength); the operational-news items are third-party media reports (moderate strength); valuation-model outputs are internal model results (moderate strength).
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.38
22 surviving claims rest on 11 distinct sources; the heaviest analyst carries 41% of them, and 98% of what the desk raised survived the debate.
The evidence bundle rests on a moderate number of distinct sources but a relatively small analyst footprint: a single analyst is responsible for a large share of surviving claims and most of the desk’s proposed points survived review. That combination raises caution about over-weighting these reads — source diversity is reasonable, but analyst dependence and the high survival rate imply the current narrative may be brittle to a single new primary document or a substantive restatement.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.5 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on ON Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.