NuAxiSemiconductor trade intelligence

ON Semiconductor Reports Soon: How Has The Stock Reacted To Past Earnings?

What happened

ON Semiconductor (NASDAQ:ON) is scheduled to report its earnings on Monday, November 2, 2026; the report has not yet been released. The company has a market value of about $29.4 billion, and over the last twelve months it generated $6.2 billion in revenue and $1.1 billion in operating profit, with net income of $630 million. The article reviews the stock's historical post-earnings behavior: there were 20 earnings releases in the last five years, with 13 positive and 7 negative one-day (1D) returns, so positive 1D returns occurred 65% of the time; over the last three years that share rises to 73% across 11 releases. The median of the 13 positive 1D returns is 4.1%, the median of the 7 negative ones is -8.4%, and the largest one-day reactions were 14.4% and -21.8%. Over five years, all correlations between the 1D return and the following 5D and 21D returns, and between 5D and the following 21D, are below 0.40 in absolute terms, so the early post-earnings move has not reliably predicted what followed; the 3-year 1D vs next 5D figure of -0.47 hints at a partial reversal but rests on only 11 releases. Peer NXP Semiconductors usually reports about 6 days before ON Semiconductor and has already reported this season on October 27, with its stock falling 0.7% the day after; the correlation between NXP's 1D reaction and ON's subsequent 1D reaction is 0.00, showing no consistent link.