What to Expect From ON Semiconductor's Q3 2026 Earnings Report

Scottsdale, Arizona-based ON Semiconductor Corporation (ON) provides intelligent sensing and power solutions in the United States and internationally. The company has a market cap of $29.9 billion and operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The company is expected to release its Q3 2026 earnings soon. 

Ahead of the event, analysts expect the company’s EPS to be $0.87 on a diluted basis, up 38.1% from $0.63 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of its last four quarters, which is impressive.  

For fiscal 2026, analysts project the company’s EPS to be $3.20, up 36.2% from $2.35 in fiscal 2025. Moreover, its EPS is expected to rise by roughly 40% year over year (YoY) to $4.48 in fiscal 2027. 

ON stock has surged 48.1% over the past 52 weeks, comfortably outpacing the S&P 500 Index’s ($SPX) 16.2% rise and the State Street Technology Select Sector SPDR ETF’s (XLK) 35.3% rise during the same time frame.    

On Oct. 2, ON stock rose 6% following the announcement of the company’s revised merger agreement to acquire Synaptics Incorporated for $123 per share in cash, for a total transaction amount of $5.7 billion, down from $7 billion mentioned previously. With the U.S. Federal Trade Commission (FTC) having already cleared the deal, the closure is expected to happen sometime in mid-2027. Investors were particularly cheery with this announcement since the removal of an all-stock structure payment previously mentioned; the now all-cash payment removes all the volatility from the acquisition and expands the company’s portfolio even further. 

Analysts are also moderately bullish about ON, with the stock having a “Moderate Buy” rating overall. Among the 29 analysts covering the stock, 10 recommend a “Strong Buy,” two recommend a “Moderate Buy,” and 17 recommend a “Hold.” ON’s average analyst price target of $102.36 offers a 39.5% upside potential. 

On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.