ON Semiconductor Corp. (ON) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended March 2026, ON Semiconductor Corp. (ON) reported revenue of $1.51 billion, up 4.7% over the same period last year. EPS came in at $0.64, compared to $0.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.49 billion, representing a surprise of +1.76%. The company delivered an EPS surprise of +4.64%, with the consensus EPS estimate being $0.61.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how ON Semiconductor Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Revenue- Market- Automotive: $797.3 million versus $793.61 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.Revenue- Market- Others: $299 million versus $298.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.Revenue- Market- Industrial: $417 million compared to the $397.56 million average estimate based on four analysts. The reported number represents a change of +4.3% year over year.View all Key Company Metrics for ON Semiconductor Corp. here>>>Shares of ON Semiconductor Corp. have returned +65.7% over the past month versus the Zacks S&P 500 composite's +10% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks