ON Stock Risk & Deep Value Analysis
ON Semiconductor Corp
Technology • Semiconductors
DVR Score
out of 10
What You Need to Know About ON Stock
We analyzed ON Semiconductor Corp using our deep value framework. Sign in to see our full verdict and DVR Score.
We ran ON through our deep value framework — analyzing financial health, distress signals, competitive moat, and risk factors. Our risk assessment: Moderate. Here's what we found.
How Risky Is ON Stock?
Overall Risk
Moderate
Financial Risk
Low
Market Risk
Medium
Competitive Risk
Medium
Execution Risk
Medium
Regulatory Risk
Low
What Are the Red Flags for ON?
- ⚠
Slower-than-expected EV adoption rates globally
- ⚠
Intensified competition leading to price erosion in SiC market
- ⚠
Macroeconomic downturn impacting industrial CapEx spending
- ⚠
Supply chain disruptions or production issues impacting SiC fab utilization
Unlock ON Red Flags & Risk Warnings
Create a free account to see the full analysis
What Does ON Semiconductor Corp (ON) Do?
Market Cap
$21.35B
Sector
Technology
Industry
Semiconductors
Employees
26,400
ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. The company operates through three segments Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module and integrated semiconductor products that perform multiple application functions, including power switching, signal conditioning, and circuit protection. The Analog and Mixed-Signal Group segment designs and develops analogues, mixed-signal, power management ICs, sensor interface devices, power conversion, signal chain, and voltage regulation devices for end-users in the automotive, industrial, computing and mobile end-markets. The Intelligent Sensing Group segment designs and develops complementary metal oxide semiconductor image sensors, image signal processors, single photon detectors, including silicon photomultipliers, single photon avalanche diode arrays, and short-wavelength infrared products, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the different end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.
Visit ON Semiconductor Corp WebsiteIs ON Stock Undervalued?
Unlock the full AI analysis for ON
Get the complete DVR score, risk analysis, and more
Is ON Financially Healthy?
P/E Ratio
49.71
Does ON Have a Competitive Moat?
Sign in to unlockMoat Rating
🛡️ Narrow
Moat Trend
Expanding
Moat Sources
4 Identified
ON's moat is durable due to the high capital expenditure, complex R&D, and specialized expertise required for SiC manufacturing. Long design-in cycles for automotive applications create sticky customer relationships and significant switching costs. Vertical integration provides cost control and supply security, further strengthening its competitive position.
Moat Erosion Risks
- •Faster-than-expected commoditization of SiC technology
- •Aggressive capacity expansions by competitors leading to oversupply
- •Breakthrough alternative technologies emerging for power semiconductors
ON Competitive Moat Analysis
Sign up to see competitive advantages
What Could Drive ON Stock Higher?
Near-Term (0-6 months)
- •Q1 2026 Earnings Report (Estimated early May 2026)
- •Announcement of new SiC design wins in automotive or industrial sectors
- •Key product introductions or technology demonstrations at industry events
Medium-Term (6-18 months)
- •Full ramp-up of new SiC manufacturing capacity (e.g., GlobalFoundries, Czech facility)
- •Expansion of long-term supply agreements with major EV OEMs
- •Geographic expansion into emerging EV markets (e.g., Southeast Asia)
Long-Term (18+ months)
- •Achievement of dominant market share in the EV power semiconductor space
- •Broad adoption of SiC across all high-power industrial applications
- •Establishment as a leading intelligent power and sensing platform provider for next-gen IoT and AI edge devices
Catalysts & Growth Drivers
Upgrade to Premium to see catalysts
What's the Bull Case for ON?
- ✓
Acceleration in SiC revenue growth and backlog
- ✓
Sustained gross margin expansion
- ✓
Announcement of new, major long-term supply agreements or design wins
- ✓
Progress on new manufacturing capacity ramp-ups
Bull Case Analysis
See what could go right with Premium
Compare ON to Similar Stocks
See how ON Semiconductor Corp stacks up against related companies in our head-to-head analysis.
📊 Explore More Stock Analysis
Get comprehensive Deep Value Reports for thousands of stocks. Research risk, financial health, and investment potential with our AI-powered analysis.
Important Disclaimer – Not Financial Advice
Deep Value Reports is an independent research platform for educational and informational purposes only. We are not financial advisors, investment advisors, or licensed professionals. The analysis, scores, and information provided on this page for ON (ON Semiconductor Corp) should not be construed as personalized investment advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services.
All investments involve risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any investment decisions.
