ON Semiconductor lifts long‑term revenue growth target to 12%‑14% CAGR through 2030
ON Semiconductor announced at its Investor Day on Sept. 16, 2026 that it is raising its 2026‑2030 revenue growth outlook to a 12%‑14% compound annual rate, up from the prior 10%‑12% range. The company now projects total revenue of about $11 billion by 2030, with AI data‑center sales expected to exceed $2.5 billion and grow at over 50% annually. Automotive and industrial segments are forecast to expand at roughly 9% and 10% per year, respectively, while the total addressable market for its power business is seen at $213 billion. The guidance is underpinned by an $8.7 billion five‑year investment program and a revised $5.7 billion cash acquisition of Synaptics.
Why it matters
J.P. Morgan projects earnings per share of $10‑$11 by 2030 based on the new outlook, suggesting higher profitability for investors. The higher growth and margin targets also imply stronger cash‑flow generation, which could support future dividend or buy‑back decisions.
Key facts
- 1The long‑term revenue growth target was raised to a 12%‑14% compound annual rate through 2030. cryptobriefing.com
- 2The previous target was 10%‑12%. cryptobriefing.com
- 3ON Semiconductor now aims for approximately $11 billion in total revenue by 2030. cryptobriefing.com
- 4AI data‑center segment revenue is expected to exceed $2.5 billion by 2030, growing at over 50% annually. cryptobriefing.com
- 5Automotive segment growth is projected at about 9% annually. cryptobriefing.com
- 6Industrial segment growth is projected at about 10% annually. cryptobriefing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.