ON Semiconductor stock (US6821891035): shares steady as investors look beyond latest quarterly update
02.06.2026 - 22:01:55 | ad-hoc-news.de
ON Semiconductor shares on the Nasdaq Global Select Market traded broadly in line with the wider U.S. semiconductor sector on 06/02/2026, as investors continued to weigh the company’s most recent quarterly earnings and its role in critical power and automotive chips for the AI and electric-vehicle supply chains, according to Nasdaq price data as of 06/02/2026.
The stock, which is part of the U.S. semiconductor complex and trades under the ticker ON, changed hands at around its recent range in U.S. dollars during Monday’s session, with volumes close to typical daily turnover, based on Nasdaq figures as of 06/02/2026.
In its latest reported quarter, ON Semiconductor delivered lower year-on-year revenue but continued to emphasize its transformation toward higher-margin smart power and sensing solutions for automotive and industrial customers, according to the company’s quarterly earnings release published on 04/29/2024 on its investor relations website and related filings with the U.S. Securities and Exchange Commission.
The company reported first-quarter 2024 revenue of USD 1.86 billion, down from USD 1.96 billion in the prior-year quarter, while diluted earnings per share came in at USD 1.08 compared with USD 1.09 a year earlier, according to the 04/29/2024 earnings release filed with the SEC.
Management highlighted that automotive revenue grew year-on-year in that quarter, offsetting weakness in some other segments, as demand for silicon carbide and power devices used in electric vehicles and advanced driver-assistance systems remained a key focus, according to the same 04/29/2024 company presentation.
For the second quarter of 2024, ON Semiconductor guided revenue to a range of USD 1.73 billion to USD 1.83 billion and non-GAAP diluted earnings per share between USD 0.88 and USD 0.98, as set out in its 04/29/2024 earnings outlook.
The guidance reflected cautious expectations around near-term demand normalization in parts of the industrial and conventional automotive supply chain, while management reiterated its long-term targets around higher-margin power and sensing products, according to the 04/29/2024 outlook and accompanying investor materials.
From a home-country perspective, ON Semiconductor is headquartered in Scottsdale, Arizona, and listed on the Nasdaq in the United States, where it forms part of U.S.-based semiconductor indices tracked by domestic investors and subject to oversight by the Securities and Exchange Commission.
For German investors following the stock via local trading venues, ON Semiconductor is also available on platforms such as Tradegate and Frankfurt in euros, where prices typically mirror the underlying U.S. listing adjusted for currency and trading hours, according to German exchange data as of 06/02/2026.
As of: 06/02/2026
By the editorial team - specialized in equity coverage.
At a glance
- Name: ON Semiconductor
- Sector/industry: Power and analog semiconductor solutions, with a focus on automotive and industrial end-markets
- Headquarters/country: Scottsdale, United States
- Core markets: United States, Europe and Asia for automotive, industrial and cloud/data-center customers
- Key revenue drivers: Power management devices, silicon carbide solutions, image sensors and related components for electric vehicles, advanced driver assistance, industrial automation and cloud infrastructure
- Home exchange/listing venue: Nasdaq Global Select Market (ON)
- Trading currency: USD
ON Semiconductor: core business model
ON Semiconductor concentrates on specialized power, analog and sensing chips that underpin automotive, industrial and cloud applications, generating most of its revenue from components used in electric vehicles, advanced driver-assistance systems, factory automation and energy-efficient power infrastructure.
Latest quarterly results for ON Semiconductor at a glance
In its most recently reported quarter, ON Semiconductor disclosed that first-quarter 2024 revenue reached USD 1.86 billion, compared with USD 1.96 billion in the first quarter of 2023, according to the company’s earnings release dated 04/29/2024 on its investor relations website and the corresponding Form 8-K filed with the SEC.
Non-GAAP diluted earnings per share were reported at USD 1.08 for the first quarter of 2024, versus USD 1.09 in the year-earlier period, as presented in the same 04/29/2024 earnings communication and supporting materials.
Automotive-related revenue increased year-on-year in that quarter, supported by continued demand for silicon carbide power devices and imaging sensors used in electric vehicles and safety systems, while certain industrial and traditional automotive applications experienced softer conditions, according to the 04/29/2024 results presentation shared with investors.
Looking ahead, the company’s second-quarter 2024 guidance called for revenue in a range of USD 1.73 billion to USD 1.83 billion and non-GAAP diluted EPS between USD 0.88 and USD 0.98, framing expectations for a period of digestion in some end-markets while strategic product lines in power and sensing remain longer-term growth priorities, as detailed in the 04/29/2024 outlook statement.
Read more
Additional news and developments on the stock can be explored via the linked overview pages.
Sentiment and reactions on ON Semiconductor
Market participants on financial news and social platforms continue to debate ON Semiconductor’s earnings trajectory, exposure to electric-vehicle demand and role in the broader AI-related supply chain.
Conclusion
ON Semiconductor’s share price on the Nasdaq on 06/02/2026 reflects a market that is weighing the company’s most recent quarterly performance, where first-quarter 2024 revenue and earnings per share eased slightly year-on-year while automotive and power products remained a focal point.
The latest guidance for second-quarter 2024 underlines that management anticipates a softer patch in some end-markets but continues to focus resources on power and sensing solutions for electric vehicles, industrial systems and cloud infrastructure.
How demand for these applications evolves over the coming quarters, alongside broader moves in the U.S. semiconductor sector, will be key drivers for the stock’s trading pattern.
Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.
