ON Semiconductor raises growth target for ON Semiconductor stock
Published on 10/01/2026 at 12:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ON Semiconductor (ISIN US6821891035) raised its long-term revenue growth target to 12% to 14% annually through 2030 from 10% to 12%. Druckfin reported on September 16, 2026 that management also modeled revenue of USD 11.00 billion by 2030 and retained a 53.00 percent gross-margin target. The larger ambition puts execution and margin delivery at the center of the stock story.
Growth targets meet mixed ratings
ON Semiconductor's second-quarter 2026 revenue was USD 1.60 billion, up 9.20 percent year over year, while adjusted earnings per share reached USD 0.74 against a USD 0.72 consensus estimate. MarketBeat said on September 29, 2026 that revenue exceeded the USD 1.59 billion forecast and that third-quarter 2026 adjusted earnings-per-share guidance was USD 0.81 to USD 0.93.
The comparison is important because the growth target is forward-looking, while the latest reported quarter already delivered a 9.20 percent revenue increase. Management's third-quarter guidance therefore gives investors a nearer-term test of whether higher factory utilization can translate into stronger profitability.
Stifel lowers its target
Stifel lowered its price target for ON Semiconductor from USD 90.00 to USD 75.00 and kept a Hold rating after the September 16, 2026 analyst day. Investing.com reported that the firm viewed the 12% to 14% revenue compound annual growth target, 53.00 percent gross margin target and 38.00 percent operating-margin target as potentially below expectations.
The split between a higher corporate growth ambition and a lower analyst target creates a clear valuation tension. The market must ultimately judge whether the planned growth rate can produce the margin expansion embedded in the 2030 framework.
Market value and yearly range
ON Semiconductor had a market capitalization of USD 29.9 billion as of September 30, 2026. Its 52-week range was USD 44.56 to USD 134.92, placing the latest primary-market quote of USD 76.87 materially below the yearly high while keeping the stock above its yearly low.
ON Semiconductor is listed on NASDAQ under ticker ON. The company operates in the Technology sector and Semiconductors industry, supplying power and sensing solutions for automotive, industrial, energy and data-center applications.
ON Semiconductor stock facts
- Company: ON Semiconductor Corporation
- ISIN: US6821891035
- Ticker: ON
- Primary exchange: NASDAQ
- Market capitalization: USD 29.9 billion as of September 30, 2026
- 52-week range: USD 44.56-USD 134.92 as of September 30, 2026
- Sector / Industry: Technology / Semiconductors
