On Semi Shares Slip After Q3 Earnings, Deal to Acquire Ferric
Erica Kollmann 15 hours ago
MarketsTechTrading IdeasMoversAfter-Hours CenterNewsEarningsLarge CapEquities
Here's a detailed look inside the Q3 earnings report from On Semiconductor.
On Semiconductor Corp. (NASDAQ:ON) posted its third-quarter fiscal 2026 results after Monday’s closing bell, beating estimates on the top and bottom lines. Here’s a look at the details inside the report.
- ON stock is moving. Watch the price action here.
On Semi Stock Slips Q3 Details
On Semiconductor reported quarterly earnings of 90 cents per share, which beat the analyst estimate of 88 cents, per Benzinga Pro data.
Quarterly revenue came in at $1.72 billion, which beat the Street estimate of $1.7 billion.
Acquisition Announcements
On Semiconductor also announced it has entered into an agreement to acquire Ferric, Inc., an integrated voltage regulator (IVR) tech company, for $600 million in cash, plus up to $175 million in contingent consideration upon achievement of certain revenue milestones.
As a result of the acquisition, On Semiconductor raised its 2030 AI data center revenue target to more than $3 billion and said it “expects multi-year accelerated growth in its IVR business thereafter.”
“The rapid growth of AI is reshaping the requirements for power delivery to increasingly capable and power-intensive processors,” said Hassane El-Khoury, CEO of On Semiconductor.
“Combined with On Semi’s broad power portfolio, this strategic acquisition will strengthen our leadership position while expanding our content opportunity and ability to support customers as AI processor architectures continue to evolve,” El-Khoury added.
The company also announced revised terms for planned acquisition of Synaptics, for roughly $5.7 billion in cash compared to $7 billion in stock for the prior agreement.
ON Stock Price: According to data from Benzinga Pro, On Semiconductor stock was down 4.62% to $66.87 in Monday’s extended trading.
ON Technical Analysis
On Semiconductor’s RSI stands at 43.15, per Benzinga Pro data, indicating a neutral position. The stock trades 4.12% below its 50-day SMA of $74.75 and 13.01% below its 200-day SMA of $82.39. Additionally, the 50-day SMA is below the 200-day SMA.
The On Semiconductor one-year price chart is shown below:
Photo: Shutterstock