"Non-GAAP EPS guidance for onsemi is set between $0.56 and $0.66, with revenue guidance ranging from $1,435M to $1,535M, indicating strong expectations for growth."
"Management framed the quarter as the first expected to show year-over-year growth since the downturn began over three years ago, excluding roughly $50 million in non-core revenue exits."
"The average analyst price target of $75.17 is significantly below the current share price of $102.45, indicating a potential market correction if earnings do not meet expectations."
"The one metric that matters is non-GAAP gross margin, with a midpoint guide of 38.5%. A reading above 39.5% would validate the recovery, while below 37.5% would raise questions."
onsemi is set to report Q1 2026 earnings on May 4, 2026, with shares closing at $103.03 after a substantial increase. Non-GAAP EPS guidance is between $0.56 and $0.66, with revenue expected between $1,435M and $1,535M. Management anticipates year-over-year growth for the first time in three years, excluding non-core revenue. Analysts are focused on non-GAAP gross margin, with a midpoint guide of 38.5%. A reading above 39.5% would confirm recovery, while below 37.5% would raise concerns.
Read at 24/7 Wall St.
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