ON Semiconductor (NASDAQ:ON) announced on Tuesday that it is expanding its strategic collaboration with GEELY AUTOMBILE (OTC:GELHY) . The deal is aimed an accelerating the development of next-generation electric vehicles.

This partnership includes deeper integration of ON’s cutting-edge technology to enhance the performance and efficiency of Geely’s EV lineup.

ON Semiconductor And Geely Expand EV Technology Integration

The collaboration between ON and Geely marks a significant step in the automotive industry’s shift toward electrification. By leveraging ON’s expertise in semiconductor technology, Geely aims to improve the efficiency and performance of its electric vehicle offerings.

This partnership comes at a time when the demand for electric vehicles is rapidly increasing, driven by global efforts to reduce carbon emissions and promote sustainable transportation solutions.

The integration of advanced technology is crucial for automakers to remain competitive in this evolving market.

Earnings & Analyst Outlook

The countdown is on: ON Semiconductor Corp is set to report earnings on May 4, 2026 (confirmed).

  • EPS Estimate: 62 cents (Up from 55 cents YoY)
  • Revenue Estimate: $1.49 Billion (Up from $1.45 Billion YoY)
  • Valuation: P/E of 338.1x (Indicates premium valuation relative to peers)

Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target of $66.89. Recent analyst moves include:

  • B of A Securities: Upgraded to Buy (Raises Target to $85.00) (April 13)
  • Barclays: Initiated with Equal-Weight (Target $75.00) (Feb. 13)
  • JP Morgan: Neutral (Raises Target to $70.00) (Feb. 10)

ON Price Action: ON Semiconductor shares were down 4.98% at $93.16 at the time of publication on Tuesday, according to Benzinga Pro data.

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