Equity Profile

ON

ON Semiconductor Corporation

Information TechnologySemiconductors$35.2B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

ON Semiconductor Corporation is a leading supplier of semiconductor solutions, focusing on energy-efficient technologies. As a key player in the Information Technology sector, it supports major trends like electric vehicles and renewable energy, which are increasingly important in today's market.

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and helps gauge the company's financial health.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ON Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.95%

Avg Stock Reaction

-2.45%

Last Quarter Recap

In Q1 2026, ON Semiconductor reported an EPS of $0.64, beating estimates by 4.58%. However, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about ON Semiconductor's upcoming earnings, given its recent performance and the overall demand for semiconductors.

Bull Case

If ON Semiconductor continues its trend of beating EPS estimates, it could signal strong operational performance and robust demand in key markets.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to significant downward pressure on the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a key indicator of profitability, and any significant deviation from expectations could impact investor sentiment.

How is ON Semiconductor addressing supply chain challenges?

Given the semiconductor industry's ongoing supply chain issues, management's insights on this topic will be crucial for understanding future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating ON Semiconductor's ability to capitalize on the growing demand for energy-efficient solutions, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

The company's recent EPS surprises indicate a trend of exceeding expectations.

Options pricing suggests a significant move, indicating investor anticipation of volatility.

The semiconductor market is experiencing growth driven by electric vehicle adoption, which ON is well-positioned to benefit from.

Key Risk

If ON Semiconductor's revenue growth exceeds expectations, it could shift market sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it follows a pattern of mixed results, with the potential for significant volatility.

Bull Confirmed If

An EPS of $0.70 or higher would confirm strong operational performance and positive market demand.

Bear Confirmed If

An EPS below $0.60 would indicate potential issues in profitability and market challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±11.91%

Historical Avg

±5.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±11.9% while ON has averaged ±5.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

65.5%

Calls (295K)P/C Ratio: 0.29Puts (164K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

History suggests that a strong earnings beat could lead to a positive stock reaction, potentially around a 0.7% increase.

In-Line / Cautious

If results are in line with expectations but management expresses caution, the stock may react neutrally or slightly down.

Miss

If the company misses expectations, history indicates a potential decline of around 11.9%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain management and its impact on production.
2Insights on demand trends in key markets such as electric vehicles.
3Details on cost management strategies and their effect on gross margins.
4Management's outlook on future earnings and market conditions.
5Any commentary on new product launches or technological advancements.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul31

SONYBMO

Sony Group Corporation

PreviewView

Jul31

ENBBMO

Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and helps gauge the company's financial health.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ON Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.95%

Avg Stock Reaction

-2.45%

Last Quarter Recap

In Q1 2026, ON Semiconductor reported an EPS of $0.64, beating estimates by 4.58%. However, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about ON Semiconductor's upcoming earnings, given its recent performance and the overall demand for semiconductors.

Bull Case

If ON Semiconductor continues its trend of beating EPS estimates, it could signal strong operational performance and robust demand in key markets.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to significant downward pressure on the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a key indicator of profitability, and any significant deviation from expectations could impact investor sentiment.

How is ON Semiconductor addressing supply chain challenges?

Given the semiconductor industry's ongoing supply chain issues, management's insights on this topic will be crucial for understanding future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating ON Semiconductor's ability to capitalize on the growing demand for energy-efficient solutions, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

The company's recent EPS surprises indicate a trend of exceeding expectations.

Options pricing suggests a significant move, indicating investor anticipation of volatility.

The semiconductor market is experiencing growth driven by electric vehicle adoption, which ON is well-positioned to benefit from.

Key Risk

If ON Semiconductor's revenue growth exceeds expectations, it could shift market sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it follows a pattern of mixed results, with the potential for significant volatility.

Bull Confirmed If

An EPS of $0.70 or higher would confirm strong operational performance and positive market demand.

Bear Confirmed If

An EPS below $0.60 would indicate potential issues in profitability and market challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±11.91%

Historical Avg

±5.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±11.9% while ON has averaged ±5.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

65.5%

Calls (295K)P/C Ratio: 0.29Puts (164K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

History suggests that a strong earnings beat could lead to a positive stock reaction, potentially around a 0.7% increase.

In-Line / Cautious

If results are in line with expectations but management expresses caution, the stock may react neutrally or slightly down.

Miss

If the company misses expectations, history indicates a potential decline of around 11.9%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain management and its impact on production.
2Insights on demand trends in key markets such as electric vehicles.
3Details on cost management strategies and their effect on gross margins.
4Management's outlook on future earnings and market conditions.
5Any commentary on new product launches or technological advancements.