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Price · 1Y
$74.10
Thesis
onsemi is one of the largest power-semiconductor makers and a leader in silicon carbide (EliteSiC), with vertical integration from substrate to device. Its power and sensing content rides three structural demands at once: electric vehicles and industrial electrification, and — increasingly — the power conversion feeding AI data centers. Unlike the speculative small-caps in this theme, it is a profitable, multi-billion-dollar franchise that anchors the wide-bandgap story.
The case is durable share in SiC and power as those markets scale. The offsets are cyclical: the auto and industrial end-markets that drive most of its revenue have been soft (the EV slowdown pressured SiC demand and margins), so the near term hinges on inventory normalization and the timing of the SiC ramp.
Catalysts
- SiC (EliteSiC) design wins and revenue ramp
- Automotive / industrial inventory and demand recovery
- AI data-center power content
- Gross-margin trajectory through the cycle
Recent events
Material filings, federal awards, and regulatory activity. Impact is scored against market cap.
- Sep 16M&ASEC
onsemi filed SEC Form 425, a communication related to business combination matters.
- Aug 21M&ASEC
Filed S-4 registration statement for merger, tender offer or going-private transaction.
- Aug 13M&ASEC
onsemi filed SEC Form 425 related to a merger or acquisition transaction.
- Aug 13OtherSEC
onsemi filed 8-K item 8.01 other events on 2026-08-13.
- Aug 12M&ASEC
onsemi filed SEC Form 425 on business combination communications.
- Aug 3Financial resultsSEC
onsemi files 8-K (items 2.02, 9.01) disclosing financial results and operations.
- Jun 30M&ASEC
SEC Form 425 filing on communications related to business combination.
- Jun 26M&ASEC
SEC Form 425 filing related to business combination communications.