ON Semiconductor’s Q3 Earnings: Traders Anticipate 10.96% Volatility Amid Automotive and AI Focus
ON Semiconductor (ON) faces heightened options market activity as traders price in an 11% swing ahead of Monday's Q3 earnings report. The implied volatility dwarfs the chipmaker's historical -0.96% post-earnings move, reflecting uncertainty around automotive demand for its silicon carbide products and margin pressures from restructuring efforts.
Analysts project $0.59 EPS amid declining revenue, with investors scrutinizing inventory levels and 2026 guidance. The market appears particularly attuned to potential AI-related tailwinds as semiconductor peers pivot toward data center applications.