New York, Feb 1, 2026, 19:50 (EST) — Market closed
- ON Semiconductor shares fell roughly 3.7% on Friday, closing at $59.89.
- Wall Street ended the day in the red, with investors digesting shifts in Fed leadership, inflation cues, and the looming threat of a government shutdown.
- onsemi will release its quarterly earnings on Feb. 9 after markets close, followed by a conference call at 5 p.m. ET.
ON Semiconductor shares closed Friday roughly 3.7% lower, settling at $59.89 after fluctuating between $59.09 and $62.19. With U.S. markets closed Sunday, all eyes turn to Monday’s open for the next move.
Sentiment grew cautious ahead of the weekend. Donald Trump’s choice of Kevin Warsh to replace Jerome Powell at the Federal Reserve, combined with a higher inflation report and looming U.S. government shutdown threats, kept investors on edge. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all slipped on Friday. “Markets are calibrating to Trump’s pick of Kevin Warsh and the outlook for monetary policy,” said Michael Hans of Citizens Wealth. Reuters
The upcoming sessions pack a busy schedule. Alphabet and Amazon are among the heavy hitters set to report earnings. The monthly U.S. jobs report, the “nonfarm payrolls” figure, hits on Feb. 6. According to a Reuters poll, January’s job growth is forecast at 64,000. “The onus is going to be on them to deliver,” said Jim Baird of Plante Moran Financial Advisors, pointing to the high bar companies now face. Reuters
ON Semiconductor is gearing up for its earnings report, set for Feb. 9 after the market closes at 4 p.m. ET, with a follow-up conference call scheduled an hour later. The company plans to unveil its fourth-quarter and full-year 2025 results. It highlighted its focus on automotive and industrial sectors, while also emphasizing its involvement in vehicle electrification, industrial automation, and 5G and cloud infrastructure.
ON Semiconductor took a bigger hit on Friday than some of its large-cap chip rivals. Nvidia dipped 0.72%, Qualcomm slipped 0.41%, and Broadcom inched up 0.17%, per MarketWatch. Trading volume in ON shares ran around 12.8 million, well above its 50-day average of 9 million.
Chip stocks lagged on Friday, with ON and Marvell Technology each slipping over 3%. Mining shares took a hit too, as the session showed broader sector weakness, Nasdaq.com reports.
Investors will be focused on clear signals from onsemi regarding demand and pricing, particularly in automotive and industrial sectors, and how that impacts margins. Guidance usually carries the weight for this stock, and the market has reacted nervously to any suggestion of inventory headwinds.
There’s a risk on the horizon. A softer outlook or wary comments on orders might swiftly turn the narrative from “cycle turning” to “cycle stalling,” especially if clients continue pushing out lead times. Macro uncertainty around interest rates and Washington’s funding battles can still rattle semiconductors, even if the company itself shows no internal shifts.
On Monday, eyes will be on whether ON stays close to the $60 mark while the wider chip sector tries to stabilize. After that, traders are gearing up for the Feb. 6 jobs report and ON Semiconductor’s earnings and conference call set for Feb. 9.
