ON Semiconductor Corp
Research ON Semiconductor Corp (ON) on Bullrun: valuation model: 12.8% overvalued, market cap USD 29.59B, P/E 48.9. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerON
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySemiconductors
- CurrencyUSD
- Valuation signal12.8% overvalued
- Market capUSD 29.59B
- P/E48.9
- Financial periodQ2 2026
- RevenueUSD 1.51B
- Net income-USD 33.40M
- Free cash flowUSD 217.20M
- Gross margin38.5%
Valuation Snapshot
Bullrun's latest valuation model marks ON Semiconductor Corp as 12.8% overvalued; latest market cap is USD 29.59B; P/E is 48.9.
Peer valuation comparison
Latest P/E is 48.94x versus a Technology sector median of 28.7x (70.5% above).
Latest P/E is 48.94x versus a United States median of 23.75x (106.1% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 6.00B | USD 121.00M | USD 1.42B | 33.1% | 0.29 | USD 2.15B | USD 2.98B | USD 7.67B |
| FY2024 | USD 7.08B | USD 1.57B | USD 1.21B | 45.4% | 3.63 | USD 2.69B | USD 3.35B | USD 8.80B |
| FY2023 | USD 8.25B | USD 2.18B | USD 438.40M | 47.1% | 4.89 | USD 2.48B | USD 3.34B | USD 7.78B |
| FY2022 | USD 8.33B | USD 1.90B | USD 1.60B | 49.0% | 4.25 | USD 2.92B | USD 3.19B | USD 6.19B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 29.59B | 48.9 | n/a | n/a |
| 2025 | 2025-12-31 | USD 21.48B | 164.1 | n/a | n/a |
| 2024 | 2024-12-31 | USD 26.67B | 17.4 | n/a | n/a |
| 2023 | 2023-12-29 | USD 35.98B | 16.8 | n/a | n/a |
| 2022 | 2022-12-30 | USD 26.97B | 16.2 | n/a | n/a |
| 2021 | 2021-12-31 | USD 29.37B | 29.8 | n/a | n/a |
About ON Semiconductor Corp
ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies.
ETFs that hold ON Semiconductor Corp
ON Semiconductor Corp is one of the ten largest holdings of 3 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| L&G Clean Energy UCITS ETF USD Acc | 1.77% | 0.49% |
| Invesco NASDAQ Next Generation 100 UCITS ETF Acc | 1.82% | 0.25% |
| First Trust Nasdaq Clean Edge Green Energy UCITS ETF | 8.36% | 0.60% |
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Frequently asked questions
Is ON Semiconductor Corp overvalued or undervalued?
Bullrun's valuation model currently marks ON Semiconductor Corp as 12.8% overvalued.
What is ON Semiconductor Corp's market cap?
ON Semiconductor Corp's market capitalization is USD 29.59B.
What is ON Semiconductor Corp's P/E ratio?
ON Semiconductor Corp's price-to-earnings (P/E) ratio is 48.9.
What does ON Semiconductor Corp do?
ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies.