- Prev close
- $81.17
- Day range
- $79.72 – $81.63
- From 52-wk high
- -39.8%
- Next earnings
- in 86 days
ON Semiconductor’s 2026-08-07 gain was driven mainly by stronger-than-expected Q2 results, Q3 guidance above expectations, and renewed optimism on AI data center revenue; the move looks broadly supported, but the stock still trades on a high-beta, elevated-multiple setup.
ON
ON SEMICONDUCTOR
As of Aug 8, 2026
67/100
Worth keeping an eye onHealth ScoreMove driver
ON rose +3.6% on 2026-08-07, while the S&P 500 gained +0.6% and the Nasdaq 100 gained +1.2%; that is a clear stock-specific outperformance, not a broad-market move. The peer tape also leaned positive — CBRS +7.3%, ALAB +0.8%, MRVL +3.9%, and MCHP +13.9% — so the session fits a semiconductor-led re-rating after ON’s stronger-than-expected second-quarter earnings, third-quarter guidance above Wall Street’s expectations, and reaffirmed AI data center revenue that is on track to more than double in 2026.
Volatility check
This looks like a normal but still high-volatility semiconductor move rather than deterioration, because the fundamentals are not weakening: revenue is -3.1% YoY (TTM) but the latest quarter was +9.2% YoY, EPS is +44.7% YoY (TTM), gross margin is +37.7%, operating margin is +10.8%, and net margin is +10.2%. The stock is also priced for strength with a PE of 50.1, forward PE of 22.2, PEG of 1.38 — a P/E divided by the growth rate, so investors are paying 1.38× the growth rate — and beta of 2.09, which means it has historically moved about twice the market’s pace. That combination says the +3.6% jump is supported by improving operating trends, but the valuation and beta make the share price sensitive in both directions.
Earnings preview
The next earnings date is 2026-11-02. The fact set does not give formal consensus revenue or EPS estimates for that print, but it does show the current operating backdrop: revenue -3.1% YoY (TTM), latest-quarter revenue +9.2% YoY, EPS +44.7% YoY (TTM), gross margin +37.7%, operating margin +10.8%, and net margin +10.2%. Around this report, the market is likely focused on whether the 2026 Q2 strength carries into Q3 guidance, whether AI data center revenue remains on track to more than double in 2026, and whether the latest quarter’s growth is broadening beyond the AI narrative. Prior reaction data are not provided in the facts, so I won’t infer a pattern.
This report is for informational and educational purposes only. It does not constitute financial, investment, tax, or legal advice. The platform does not recommend buying or selling any security.
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