ON Semiconductor In Focus As Q4 Earnings Approach

by | Feb 9, 2026 | General

ON Semiconductor Corporation (NASDAQ:ON) is in the spotlight Monday ahead of the company’s fourth-quarter earnings report today after the market closes.

Earnings Expectations, Recent Performance And What To Watch

ON is expected to report earnings per share of 62 cents and revenue of $1.54 billion. The company has beaten revenue estimates in three of the last four quarters and topped earnings estimates in two of the last four quarters. In the most recent quarter reported on Nov. 3, ON posted earnings per share of 63 cents, beating the consensus estimate of 59 cents, while revenue came in at $1.55 billion, above the $1.51 billion estimate.

Investors should keep an eye on order backlog and capacity utilization, as these metrics are critical for understanding ON’s operational efficiency and demand trends. Additionally, watch for any updates on pricing power, which can significantly impact profit margins in a competitive market.

Technical Analysis Of ON

Technical indicators reveal that ON Semiconductor is currently trading 4.9% above its 20-day simple moving average (SMA) and 20.3% above its 100-day SMA, indicating a strong longer-term trend. Over the past 12 months, shares have increased by 38.61%, positioning them closer to their 52-week highs than lows, which reflects a robust performance despite the current market conditions.

The RSI is at 62.58, indicating neutral momentum, while the MACD is below its signal line, suggesting bearish pressure on the stock. The combination of neutral RSI and bearish MACD indicates mixed momentum, which may lead to cautious trading in the near term.

  • Key Resistance: $67.00
  • Key Support: $53.50

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for ON Semiconductor, highlighting its strengths and weaknesses compared to the broader market:

  • Value: 51.36 — The stock is trading at a moderate valuation relative to peers.
  • Quality: 31.23 — Indicates some weaknesses in the company’s financial health.
  • Momentum: 81.99 — The stock is outperforming the broader market.

The Verdict: ON’s Benzinga Edge signal reveals a strong momentum score, indicating that the stock is currently outperforming the market. However, the lower quality score suggests that investors should be cautious and monitor the company’s financial health closely.

ON Shares Remain Flat

ON Price Action: At the time of writing, ON shares are trading 0.95% lower at $64.58, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.