ON Semiconductor is getting better, but Stifel is still unsure about it.

Oct 5, 2026, 1:42 PM ETOpinionRead the original at Benzinga

Neutral

ON Semiconductor has new design wins and a December-quarter profit forecast above estimates, but its third-quarter profit forecast is slightly below estimates. Uncertain demand recovery, car restocking, and higher costs leave the report mixed, not a clear change in its outlook.

ON · ON Semiconductor

AI read · Neutral

The AI's read

The signs point to a possible recovery, but not one the analyst can yet count on. New design wins and a better December-quarter profit forecast help. A weaker third-quarter profit forecast, uncertain factory and car demand, and higher costs pull the other way. The raised target does not erase the analyst's continued Hold rating.

Get alerts for ON

Follow ON Semiconductor (ON) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for ON

Free on the App Store and Google Play, or on the web.