ON SEMICONDUCTOR CORP (ON)
Semiconductors & Related Devices · Semiconductors & Related Devices · NASDAQ
$76.58
-3.58%
Investingg Score
34.5 / 100
Sell
Business overview
- Gross margin stands at 33.1% based on the latest available data.
- Operating margin is reported at a low 1.4%.
These margins reflect thin operational profitability despite gross profitability remaining moderately intact.
Financial health
- Free cash flow margin reaches a robust 23.7%.
- The balance sheet pillar score is 68 out of 100.
Strong cash generation provides a solid financial cushion despite broader operational headwinds.
- Gross Margin
- 33.1%
- Operating Margin
- 1.4%
- Current Ratio
- 4.5x
- Debt / Equity
- 0.39
- Free Cash Flow (TTM)
- $1.4B
- Interest Coverage
- 1x
Valuation
- Trailing P/E ratio is elevated at 49.11.
- Forward P/E ratio moderates to 22.19.
- Free cash flow yield sits at 4.7%.
While trailing earnings look expensive, the forward-looking multiple and cash flow yield suggest a somewhat more reasonable valuation if estimates hold.
- P/E (TTM)
- 49.1x
- Forward P/E
- 22.2x
- Price / Sales
- 5.0x
- EV / EBITDA
- 23.1x
- FCF Yield
- 4.7%
Key risks
- Severe year-over-year contraction in earnings per share of 92%
- Year-over-year revenue decline of 15.3%
- Weak technical posture with price trading 18.8% below its 50-day simple moving average
Market cap $30.4B · data as of 2026-08-19
Related stocks
Get the full interactive report
Technicals, earnings history, news, bull/base/bear scenarios, Ask the Stock, and more — free to start.
Analyze ON with Investingg AINot investment advice. Investingg AI summarizes public data and AI-generated analysis for informational purposes only.