<div id="readability-page-1"><div><ul> <li>ON Semiconductor Corporation was removed from the NASDAQ-100 Index on December 19, 2025, even as it extended its partnership with FORVIA HELLA and advanced new power device collaborations and share repurchases.</li> <li>Despite these product and capital-allocation moves, investor attention has shifted toward expectations for lower upcoming earnings and revenue, alongside more cautious analyst estimate revisions.</li> <li>Next, we'll examine how this cautious earnings outlook, despite expanded automotive partnerships, could influence ON Semiconductor's broader investment narrative.</li> </ul><p>Outshine the giants: these 24 early-stage AI stocks could fund your retirement.</p><h2>ON Semiconductor Investment Narrative Recap</h2><p>To own ON Semiconductor, you need to believe its focus on intelligent power and automotive solutions can outweigh near term earnings pressure and cyclical auto and EV demand risks. The NASDAQ 100 removal and more cautious earnings expectations mostly affect sentiment and index-driven flows rather than the core thesis, while the key near term swing factor remains how quickly utilization and margins recover versus softer revenue guidance.</p> <p>The extended partnership with FORVIA HELLA, which brings ON Semiconductor’s PowerTrench T10 MOSFETs into advanced automotive platforms, directly supports its core auto and electrification catalyst by deepening content in safety and autonomous systems. Against a backdrop of softer near term estimates, this kind of design win gives investors a concrete example of how ON is trying to grow its higher value automotive footprint even as the cycle remains mixed.</p> <p>However, beneath these new automotive wins, investors should be aware of the risk that persistent underutilization and slower demand could keep margins under pressure for longer...</p> <p>Read the full narrative on ON Semiconductor (it's free!)</p><p>ON Semiconductor's narrative projects $7.5 billion revenue and $1.9 billion earnings by 2028. This requires 5.4% yearly revenue growth and roughly a $1.4 billion earnings increase from $465.8 million today.</p><p>Uncover how ON Semiconductor's forecasts yield a $58.70 fair value, a 7% upside to its current price.</p><h2>Exploring Other Perspectives</h2><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/681e4d6c-4945-4ab7-857b-ebe0bd1d958c/chart/quote-price?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/681e4d6c-4945-4ab7-857b-ebe0bd1d958c/chart/quote-price"/><figcaption>ON 1-Year Stock Price Chart</figcaption></figure> <p>Simply Wall St Community members have published 11 fair value estimates for ON Semiconductor, ranging from US$49.59 to US$70, highlighting how far apart individual views can be. You can compare these against the current concerns around weaker earnings expectations and margin pressure to see how different investors weigh ON’s long term automotive and power opportunities versus its more immediate business risks.</p><p>Explore 11 other fair value estimates on ON Semiconductor - why the stock might be worth 10% less than the current price!</p><h2>Build Your Own ON Semiconductor Narrative</h2><p>Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.</p><ul><li>A great starting point for your ON Semiconductor research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.</li><li>Our free ON Semiconductor research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate ON Semiconductor's overall financial health at a glance.</li></ul><h2>Searching For A Fresh Perspective?</h2><p>Markets shift fast. These stocks won't stay hidden for long. Get the list while it matters:</p><ul><li>Trump has pledged to &#34;unleash&#34; American oil and gas and these 22 US stocks have developments that are poised to benefit.</li><li>AI is about to change healthcare. These 29 stocks are working on everything from early diagnostics to drug discovery. 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<p>ON Semiconductor was removed from the NASDAQ-100 Index on December 19, 2025, amid partnerships and share repurchases. Despite these efforts, investor focus has shifted to lower earnings expectations and cautious analyst revisions. The company's narrative hinges on its automotive and power solutions, with a projected $7.5 billion revenue by 2028. Analysts' fair value estimates for ON vary, reflecting differing views on its long-term potential versus immediate risks. The removal affects sentiment more than the core thesis, with key factors being utilization and margin recovery.</p>

Should ON Semiconductor’s NASDAQ-100 Exit and Softer Outlook Shift the ON Investment Narrative?