Technology · NYSE/NASDAQ: ON
ON SEMICONDUCTOR CORP
Semiconductors
Market Cap $48.95B
Verdict: High
Quality Scores
Multi-Bagger
74/100
Compounder Quality
86/100
Management Credibility
84/100
Governance
89/100
Cash Flow Quality
94/100
AI Summary
ON Semiconductor (onsemi) has undergone a significant architectural shift from a broad-based commodity component supplier to a high-margin specialist in Silicon Carbide (SiC) and Intelligent Sensing. The financial data reveals a transformative jump in revenue and profitability starting in 2021, moving from the $1.5B range to a peak of $8.33B. This evolution marks a successful pivot toward automotive and industrial megatrends, specifically Electric Vehicles (EVs) and energy infrastructure. While 2024 and 2025 show cyclical headwinds typical of the semiconductor industry, the underlying asset…
Top Opportunities
- Leader in Silicon Carbide (SiC) technology
- Strong historical CFO generation
- Successful transition to FAB-Right (asset-lite) strategy
Top Risks
- Significant net income collapse in 2025
- Deeply cyclical revenue patterns
- Intense competition in Power MOSFETs and SiC
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