SCOTTSDALE, Arizona, May 2, 2026, 11:05 MST
- ON Semiconductor notched a new 52-week high on May 1, ending the day up 2.2% at $103.03.
- Chipmaker’s first-quarter numbers land after the bell on May 4. Wall Street expects adjusted earnings to come in around $0.62 per share.
- Electric-vehicle partnerships with Geely and NIO have brought onsemi’s silicon-carbide power chips back into focus.
Shares of ON Semiconductor Corp. finished Friday at $103.03, notching a fresh 52-week high ahead of the chipmaker’s first-quarter earnings due Monday. The stock advanced 2.2%, making it three wins in a row. Trading volume topped the 50-day average, according to MarketWatch data.
The stock’s advance comes ahead of any fresh numbers from the company. onsemi will post results for the quarter ended April 3 after markets close on May 4, with management set for a 5 p.m. EDT conference call.
Monday’s report could reveal if the rebound in automotive and industrial chips has been overdone or if real demand is finally materializing. Back in February, Chief Executive Hassane El-Khoury pointed to “increasing signs of stabilization” across important segments, yet fourth-quarter revenue dropped 11% year over year. onsemi
ON Semiconductor is projected to report first-quarter earnings of roughly $0.62 per share on $1.49 billion in revenue, MarketBeat data show. Management’s earlier outlook called for revenue between $1.435 billion and $1.535 billion, with adjusted EPS falling in the $0.56 to $0.66 range.
The latest uptick in the stock followed news of new electric vehicle deals for onsemi in China. Announced April 28, the company is expanding a partnership with Geely Auto Group, integrating its EliteSiC technology into models built on Geely’s SEA-S platform. Silicon carbide—often abbreviated as SiC—serves as a high-voltage chip material, helping power systems curb energy loss compared to standard silicon.
El-Khoury described the EV sector as moving into “a new phase,” pointing out that automakers and chip firms are now collaborating sooner in the vehicle development process. Geely Auto Group CEO Gan JiaYue echoed that view, saying tighter integration with tech partners matters more than ever as Geely pushes ahead with its electrification plans. onsemi
Just a day before, onsemi announced it’s deepening its long-term partnership with NIO, aiming to help the Chinese EV maker shift from 400-volt to 900-volt electric vehicle platforms. The jump to higher-voltage architecture means faster charging and less energy waste. “From early 400V systems to today’s 900V platforms,” said Alan Zeng, CEO of NIO’s powertrain arm, describing the evolution. onsemi
The competitive climate played in ON Semiconductor’s favor. On May 1, shares of ON came out ahead of a few notable chip stocks: Nvidia slipped 0.56%, Qualcomm lost 1.43%, and Broadcom managed a 0.92% gain, MarketWatch data shows.
The risk is straightforward. Shares have surged ahead of earnings, but even a solid quarter could disappoint if management signals a guarded outlook for Q2 or flags soft demand in auto and industrial segments. The company’s February update revealed fourth-quarter revenue at $1.53 billion, down from $1.72 billion the previous year, with a 15% decline projected for full-year 2025 revenue.
onsemi has leaned into cost cuts and moving cash back to shareholders to counter the sluggish cycle. Back in February, the company reported $1.4 billion in free cash flow for 2025, and also rolled out a fresh share buyback plan—authorizing up to $6 billion over the next three years.
ON Semiconductor makes power and sensing chips that go into cars, factories, and AI-focused data centers. Next up for ON Semiconductor stockholders: Monday’s earnings call, which could show if recent electric vehicle contracts and ongoing chip demand are translating to higher sales.
