Analysts expect ON Semiconductor to report Q1 2026 revenue of $1.49 billion and earnings per share of $0.61, while the stock’s current price of $103.05 trades significantly above the average analyst price target of $70.00.
Investors are primarily focused on signs of a recovery in automotive and industrial demand following a prolonged period of inventory digestion. This quarter is seen as a potential inflection point for the company as it scales its silicon carbide (SiC) production to meet the needs of next-generation 800V electric vehicle architectures.
Management's guidance on utilization rates and progress in the high-growth AI data center segment will be crucial for maintaining recent market momentum.