ON Semiconductor is successfully turning around its business with its Fab Right strategy and strong demand from AI data centers and silicon carbide (SiC) products. Management expects AI data center revenue to more than double by 2026, fueling structural growth. The company is undervalued compared to peers, with a forward PEG ratio of 0.68x and leading free cash flow margins. Cost savings and higher utilization are driving margin expansion, supporting a buy rating despite risks from China exposure and input cost pressures.
As of Sep 30, 2026 22:22 WIB, ON Semiconductor trades at USD 75.60 on Pluang, showing a slight 0.46% decline in one day. The stock maintains strong investor interest with 95% of order activity on Pluang being buys. Its market capitalization stands at $29.57 billion, reflecting significant scale in the technology sector.
