ON Semiconductor’s Q3 2025 Earnings: What to Expect

Company Overview - ON Semiconductor Corporation (ON) has a market cap of $20.6 billion and is headquartered in Scottsdale, Arizona, specializing in intelligent power and sensing technologies [1] - The company serves various industries, including automotive, industrial, communications, computing, consumer electronics, medical, and military/aerospace sectors [1] Earnings Expectations - Analysts expect ON to report an adjusted EPS of $0.59 for Q3 2025, a decrease of 40.4% from $0.99 in the same quarter last year [2] - For fiscal 2025, the expected adjusted EPS is $2.32, down 41.7% year-over-year from $3.98 in fiscal 2024 [3] - In fiscal 2026, the adjusted EPS is projected to increase by 31% year-over-year to $3.04 [3] Stock Performance - ON stock has declined by 29.6% over the past 52 weeks, underperforming the Technology Select Sector SPDR Fund's 27.7% surge and the S&P 500 Index's 17.2% rise during the same period [4] Recent Developments - ON announced the acquisition of Vcore Power Technologies and related IP from Aura Semiconductor on September 23, enhancing its power management portfolio for AI data centers [5] - The acquisition aims to provide comprehensive solutions from grid to core, positioning ON as a leading provider for modern AI infrastructure [5] - Following the announcement, ON shares rose by 1% in the next trading session [5] Analyst Ratings - Wall Street analysts have a "Moderate Buy" rating for ON, with 12 recommending "Strong Buy," 2 suggesting "Moderate Buy," 18 indicating "Hold," and 1 suggesting "Strong Sell" [6] - The mean price target for ON is $57.71, implying a premium of 14.6% from current price levels [6]