ON Semiconductor (ON) vs Qnity Electronics (Q)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
ON Semiconductor is the larger company by market cap ($32.12 billion vs $27.14 billion), about 1.2 times the size, while Qnity Electronics is growing revenue faster (+9.7% vs -15.3%). On valuation, ON Semiconductor trades at a lower forward P/E (18.2x vs 24.1x for Qnity Electronics). Qnity Electronics pays a dividend yielding 0.17%, while ON Semiconductor does not currently pay one.
Qnity Electronics converts more of its revenue into profit, with a net margin of 15.3% versus 2.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ON | Q |
|---|---|---|
| Share price | $82.51 | $129.72 |
| Market cap | $32.12B | $27.14B |
| 1-day change | -4.40% | -2.93% |
| YTD return | +52.32% | +58.87% |
| 1-year return | +71.23% | — |
| 5-year return | +90.42% | — |
| P/E ratio (TTM) | 53.23 | 46.33 |
| Forward P/E | 18.22 | 24.12 |
| EPS (TTM) | $1.55 | $2.80 |
| Dividend yield | 0.00% | 0.17% |
| Annual dividend | $0.00 | $0.22 |
| Revenue (latest FY) | $6.00B | $4.75B |
| Revenue growth (YoY) | -15.35% | +9.67% |
| Net income (latest FY) | $121.00M | $729.00M |
| Gross margin | 33.09% | 46.17% |
| Operating margin | 1.40% | — |
| Net margin | 2.02% | 15.33% |
| 52-week high | $134.92 | $177.28 |
| 52-week low | $44.56 | $70.50 |
| Distance from 52-week high | -38.85% | -26.83% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +26.60% | +34.33% |
| Average volume | 10.00M | 1.71M |
| Shares outstanding | 389.32M | 209.21M |
| Employees | 22,600 | 10,000 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Qnity Electronics is more profitable, keeping 15.3 cents of every revenue dollar as net income versus 2.0 cents for ON Semiconductor.
- Qnity Electronics grew revenue faster in its latest fiscal year (+9.67% vs -15.35%).
About ON Semiconductor
ON stock →ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group.
Technology · Semiconductors · 22,600 employees
About Qnity Electronics
Q stock →Qnity Electronics, Inc. provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.
Technology · Semiconductors · 10,000 employees
ON vs Q FAQ
Which is bigger, ON Semiconductor or Qnity Electronics?
ON Semiconductor (ON) is larger, with a market capitalization of $32.12B compared with $27.14B for Qnity Electronics (Q).
Which has the lower P/E ratio, ON or Q?
Q has the lower trailing P/E at 46.3, versus 53.2 for ON. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, ON Semiconductor or Qnity Electronics?
Qnity Electronics pays a dividend yielding 0.17%, while ON Semiconductor does not currently pay a regular dividend.
Are ON Semiconductor and Qnity Electronics in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.