J.P. Morgan Sees $10-$11 EPS Potential for ON Semiconductor by 2030
ON sits 54% above its 52-week low of $44.56.
Summary
J.P. Morgan analyst Harlan Sur came away from ON Semiconductor's Investor Day encouraged by the company's expansion into AI data centers and power technologies. Management expects AI data center revenue to grow at a CAGR of more than 50% from 2026 through 2030, rising from over $500 million in 2026 to over $2.5 billion by 2030. Content per AI rack is projected to climb from about $15,000 today to roughly $115,000 by 2030, and the company recently secured a new Vcore design win with revenue expected by the end of 2026. J.P. Morgan sees the updated financial targets supporting earnings of about $10 to $11 per share by 2030, well above the current Wall Street estimate of $8. The stock was up 2.34% at $68.16 at the time of publication.
At the time of this announcement, ON was trading at $68.68 on NASDAQ in the Technology sector, with a market capitalization of approximately $26.7B. The 52-week trading range was $44.56 to $134.92. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.