US · Information Technology
ON Semiconductor stock overview: financials, insider activity, and peer context
ON Semiconductor operates in the Semiconductors industry within the Information Technology sector and is a constituent of the S&P 500. This page connects filing evidence with ownership, insider activity, forecasts, ETFs, and peer context so each dataset can be checked against the others.
Deterministic, source-linked commentary
The current research read on ON
The newest reported numbers give ON a clearer starting point. 10-Q covers CY2026Q1. quarterly revenue was $1.5B; year-over-year growth was 4.7%; operating margin was -3.5%; trailing free cash flow was $1.4B. Read together, these figures test whether scale is translating into profit and cash. Verify periods and company footnotes in the original SEC EDGAR filing.
ON's published outlook is useful only while its inputs hold. The forecast scenarios were updated 2026-05-21. Revenue growth, margins, cash generation, and risk assumptions must be checked against each new filing. Compare them with the latest earnings analysis.
The useful next step is to test ON from another angle. Use institutional ownership, insider filings, earnings analysis, forecast scenarios alongside the filing. Company facts can update before 13F positions, so align every source date and report period before treating a difference as a change in fundamentals.
Business model
Company snapshot
ON Semiconductor operates in the Semiconductors industry within the Information Technology sector and is a constituent of the S&P 500. The latest standardized snapshot records $5.98B of trailing revenue, -$94.2M of net income, and $1.39B of free cash flow. These figures describe the reported company, while valuation and price require a separate market-data timestamp.
Operating lines
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
Geographic revenue mix
The current standardized filing dataset does not extract a comparable geographic revenue table for every issuer. Review the latest 10-K segment note for domestic and international mix, concentration, foreign-exchange sensitivity, and country-specific regulation.
10-Q · 2026-05-04
What the latest filing shows
Revenue for the latest standardized quarter was $1.51B, while diluted EPS was -0.08. Revenue changed 4.7% from the comparable period. Gross margin was 38.5% and operating margin was -3.5%. Margin direction matters because it shows whether growth is translating into operating leverage or requiring more cost to support.
Open original SEC filingCY2026Q1
Earnings analysis
| Period | Revenue | Net income | EPS | Operating margin |
|---|---|---|---|---|
| CY2026Q1 | $1.51B | -$33.4M | -0.08 | -3.5% |
| TTM | $5.98B | -$94.2M | -0.19 | -2.8% |
| CY2025 | $6B | $121M | See filing | 1.4% |
Zscaler's fiscal Q3 2026 report should be read as a stock-outlook reset, not just a beat-or-miss event. The key facts are $850.5M revenue, revenue grew about 30% year over year, non-GAAP EPS and operating margin remained important because security growth stocks are judged on efficient growth, and management's outlook kept attention on billings, large customers, and platform consolidation. Bottom line: the report improves the setup only if those numbers support whether Zscaler is still gaining zero-trust share as customers consolidate security platforms.
Read detailed earnings analysisScenario analysis
Forecast range
NVDA remains a high-quality AI infrastructure compounder, but the 2026 forecast has to balance extraordinary demand against a very high expectation bar. A practical scenario map is $185-205 bear case, $215-255 base case, and $275-325 bull case. The base case assumes the $91.0B Q2 revenue guide converts, Blackwell ramps smoothly, and non-GAAP gross margin moves back toward the guided low-70s range. The bear case is mainly export-control, margin, or valuation compression risk.
Forecast assumptions
- Revenue growth must be checked against the latest filing and management guidance.
- Current reported operating margin is -2.8%.
- TTM free-cash-flow margin is 23.3%.
- Discount rates and valuation multiples should move when risk-free rates, business risk, or estimate confidence changes.
This is not a buy or sell recommendation. Forecasts are conditional ranges whose assumptions can fail.
Open forecast methodology and scenariosInformation Technology
Peer comparison
| Company | TTM revenue | Revenue growth | Operating margin | Tracked holders |
|---|---|---|---|---|
| ONON Semiconductor | $5.98B | 4.7% | -2.8% | 0 |
| KEYSKeysight Technologies | $5.98B | 32.3% | 18.3% | 0 |
| TDYTeledyne Technologies | $6.06B | 7.6% | 18.4% | 0 |
| ITGartner | $6.26B | -1.5% | 16.1% | 0 |
| APPAppLovin | $5.67B | 24.2% | 76.2% | 0 |
| COHRCoherent Corp. | $6.57B | 20.5% | 1.5% | 0 |
| ZBRAZebra Technologies | $5.42B | 14.3% | 14.3% | 0 |
ON's 4.7% revenue growth and -2.8% operating margin should be read against peers using the same reporting definitions. A higher margin may reflect pricing power or business mix, while a lower margin can reflect investment, cyclicality, or weaker economics.
Fund ownership
ETF exposure
ON appears among the disclosed top holdings of 1 tracked ETFs shown below. ETF weights change with price movement, rebalancing, creations, redemptions, and issuer methodology.
| ETF | ON weight | AUM | Holdings date |
|---|---|---|---|
| RSPInvesco S&P 500 Equal Weight ETF | 0.36% | $86.11B | May 18, 2026 |
10-K · 2026-02-09
Key risk factors disclosed in the latest 10-K
The categories below are a deterministic research checklist anchored to ON Semiconductor's industry and latest annual filing. They summarize areas investors should locate in Item 1A; they do not replace the company's exact legal disclosure.
- Demand and product-cycle risk: Semiconductors can experience changing customer demand, replacement cycles, and competitive product launches that affect revenue timing.
- Competition and execution: Market share depends on product quality, pricing, distribution, innovation, and management's ability to convert investment into durable customer demand.
- Supply chain and counterparties: Supplier concentration, logistics disruption, component availability, and customer concentration can affect delivery schedules, costs, and working capital.
- Regulation and litigation: Antitrust, privacy, securities, labor, tax, environmental, and industry-specific rules may change costs or restrict products and business practices.
- Financial and market risk: Foreign exchange, interest rates, credit conditions, investment values, and capital-allocation decisions can affect reported earnings and valuation.
Research workflow
Common research questions about ON
Who is the largest tracked institutional holder of ON?
The current tracked-manager sample does not identify an active ON holder. The ON ownership page will reflect a matching position when one enters the filing dataset.
What does recent insider activity show for ON?
No recent Form 4 transaction appears in the current ON window. Check the ON Form 4 history for later company-officer or director filings.
What business does ON Semiconductor operate?
ON Semiconductor operates in the Semiconductors industry within the Information Technology sector and is a constituent of the S&P 500. The ON company snapshot connects that business description with reported revenue, profit, and cash flow.
How does ON compare with a close operating peer?
ON's revenue growth is 4.7% and its operating margin is -2.8%. Compare those figures with KEYS research using the same definitions.
What do the latest financials say about ON?
10-Q reports $6.0B of trailing revenue, with revenue growth of 4.7% and an operating margin of -2.8%. The supporting period and source are listed in the ON filing section.
How strong is ON's cash return profile?
ON Semiconductor does not show a positive trailing dividend cash outflow in the standardized snapshot, while free cash flow is $1.4B. Review the ON filing evidence before assessing capital-allocation capacity.
Which assumptions matter most for the ON outlook?
The ON range depends on revenue growth, operating margin, cash conversion, and the risk assumptions in each new filing. Recheck them in the ON forecast section.
Primary and reference data
Sources and methodology
- Filings: SEC EDGAR CompanyFacts, 10-K, 10-Q, 8-K, Form 4, 13F-HR.
- Fundamentals: SEC EDGAR CompanyFacts; market references may use yfinance and Finnhub where explicitly available.
- ETF: Issuer disclosures and the locally dated ETF holdings snapshot.
Methodology: How SnowballHare parses and validates data.
Editorial standards: How research is published.
Disclaimer: Informational only; not investment, legal, or tax advice. Cross-check material facts against original filings before acting.
Reference notes
Data notes
Reporting dates
Use filing dates, report periods, and source links together for ON. A company filing, a 13F disclosure, a Form 4 transaction, and an earnings release can describe different time windows, so the date beside each row matters before comparing signals.
Ownership context
13F rows are delayed public long-equity snapshots from a selected manager universe. They are useful for seeing which tracked institutions reported exposure, but they do not show every hedge, short position, cash balance, or trade made after the quarter ended.
Insider transactions
Form 4 activity should be read by transaction type, role, value, and remaining ownership. Open-market purchases and sales are different from grants, option exercises, gifts, or tax withholding, and the original SEC filing is still the controlling document.
Earnings and forecasts
Earnings pages and forecast pages are linked when a supported article exists. Treat those pages as context for reported numbers, guidance, margins, and scenario assumptions, then return to the table data when you need the underlying source date or filing trail.