BN · rank #16 · 2026-07-22
ON
NASDAQ · $35.44B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | 0.21 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +11.3% |
| Forward net margin Consensus forward net margin. | +11.8% |
| Net margin TTM Trailing twelve month net margin. | +9.5% |
| Margin expansion Forward minus trailing net margin (percentage points). | +2.4% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 0.29 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 2.07× |
| Analyst upside Spread between the consensus 12m target and the current price. | +24.7% |
| Last EPS surprise Most recent reported EPS versus consensus. | +3% |
| Market cap (USD) | $35.44B |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
ON Semiconductor designs and manufactures power and sensing semiconductors, with growing exposure to AI data center power management and automotive electrification.
Rationale
AI data center revenue more than doubling YoY validates the bottleneck-solver thesis — ON's silicon carbide and intelligent power modules are structural supply constraints for high-density compute and EV power conversion, not commodity components.
Material risks
- 1Automotive recovery is still nascent and ON is exiting $30–40M of non-core revenue, meaning near-term top-line growth depends heavily on AI data center concentration in a market where hyperscalers are increasingly designing custom power solutions in-house.
- 2Institutional 13F median change of -0.23% signals smart money is trimming, and with debt/FCF at 2.1x, any demand air pocket in either auto or data center compresses FCF headroom for buybacks or R&D defense.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.