Why Is ON Semiconductor Corp. (ON) Up 23% Since Last Earnings Report?

By Zacks Equity Research | June 04, 2025, 11:30 AM

A month has gone by since the last earnings report for ON Semiconductor Corp. (ON). Shares have added about 23% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is ON Semiconductor Corp. due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

How Have Estimates Been Moving Since Then?

It turns out, fresh estimates have trended upward during the past month.

VGM Scores

At this time, ON Semiconductor Corp. has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, ON Semiconductor Corp. has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry Player

ON Semiconductor Corp. belongs to the Zacks Semiconductor - Analog and Mixed industry. Another stock from the same industry, NXP Semiconductors (NXPI), has gained 9.1% over the past month. More than a month has passed since the company reported results for the quarter ended March 2025.

NXP reported revenues of $2.84 billion in the last reported quarter, representing a year-over-year change of -9.3%. EPS of $2.64 for the same period compares with $3.24 a year ago.

For the current quarter, NXP is expected to post earnings of $2.66 per share, indicating a change of -16.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.2% over the last 30 days.

NXP has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.

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ON Semiconductor Corporation (ON): Free Stock Analysis Report
 
NXP Semiconductors N.V. (NXPI): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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