On July 30, ON Semiconductor rose 5.08% in pre-market trading, trading at $83.49/share, with turnover of $673,900.

On the news front, the Philadelphia Semiconductor Index had suffered consecutive sharp declines over the prior two trading days, with ON Semiconductor accumulating a drop of over 10%. The stock is now experiencing a technical rebound following the oversold conditions. Additionally, ON Semiconductor is scheduled to report earnings on August 3, with market consensus expecting quarterly revenue of $1.588 billion, up 9.33% year-over-year, and adjusted EPS of $0.72, up 34.06% year-over-year.

Supporting the earnings improvement outlook, the power semiconductor pricing upcycle continues to extend. Since early this year, industry leaders including Infineon, Texas Instruments, and ON Semiconductor have announced successive price increases, with a second wave of hikes emerging in late May. Domestic players have also followed suit, signaling broad-based supply tightness across the power semiconductor segment. ON Semiconductor previously announced the divestiture of two chip fabrication plants, expected to yield approximately $35 million in annualized cost savings beginning in 2028.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)