ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens
Published . Updated .
Key takeaways
- ON Semiconductor (NASDAQ:ON) shares climbed more than 3% in US premarket trading on Tuesday after the chipmaker reported third-quarter 2026 earnings above analyst expectations and issued stronger-than-anticipated guidance for the fourth quarter.
- Exposed: SMH, SOXX, QQQ, GOOGL, MSFT
- Market reaction: SOXX −1.3% by the next session (still updating); SMH −1.0% by the next session (still updating); MSFT +9.7% by the next session (still updating)
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ON Semiconductor (NASDAQ:ON) shares climbed more than 3% in US premarket trading on Tuesday after the chipmaker reported third-quarter 2026 earnings above analyst expectations and issued stronger-than-anticipated guidance for the fourth quarter. The company also announced plans
Directly affected
- ON On Semiconductor-2.0% 30d
Named in this report.
Indirectly affected
- SMH VanEck Semiconductor ETF-16.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “semiconductor” (semiconductors) in this story.
- SOXX iShares Semiconductor ETF-20.8% 30d
iShares Semiconductor ETF: it holds chipmakers. Linked by “semiconductor” (semiconductors) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- TSM Taiwan Semiconductor Manufacturing-9.5% 30d
Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “semiconductor” (semiconductors) in this story.
- AVGO Broadcom-6.5% 30d
Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “semiconductor” (semiconductors) in this story.
- ASML ASML Holding N.V-0.8% 16d
ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “semiconductor” (semiconductors) in this story.
- NVDA Nvidia-8.4% 30d
Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “semiconductor” (semiconductors) in this story.
- MSFT Microsoft+4.0% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ON | +12.17% | +7.23% | base | +3.55% | +0.36% | after close | after close |
| SMH | +9.78% | +10.54% | base | +2.04% | -1.00% | after close | after close |
| SOXX | +12.64% | +13.25% | base | +2.45% | -1.29% | after close | after close |
| QQQ | +5.87% | +5.02% | base | +0.60% | +1.69% | after close | after close |
| TSM | +9.59% | +8.27% | base | +1.53% | -1.05% | after close | after close |
| AVGO | +6.21% | +7.02% | base | +2.99% | +1.53% | after close | after close |
| ASML | +7.22% | +9.85% | base | +1.73% | -1.98% | after close | after close |
| NVDA | +7.75% | +5.68% | base | +2.16% | +0.76% | after close | after close |
| MSFT | +4.85% | +4.61% | base | +2.73% | +9.67% | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens Yahoo Finance
Source: Yahoo Finance
The price since 3 Nov 2026: Vaneck Etf Trust (SMH) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| ASML | that day | +1.73% | final price |
| ASML | the next day | -1.98% | still updating |
| ASML | three days earlier | +9.85% | final price |
| ASML | five days earlier | +7.22% | final price |
| AVGO | that day | +2.99% | final price |
| AVGO | the next day | +1.53% | still updating |
| AVGO | three days earlier | +7.02% | final price |
| AVGO | five days earlier | +6.21% | final price |
| Microsoft (MSFT) | that day | +2.73% | final price |
| Microsoft (MSFT) | the next day | +9.67% | still updating |
| Microsoft (MSFT) | three days earlier | +4.61% | final price |
| Microsoft (MSFT) | five days earlier | +4.85% | final price |
| NVDA | that day | +2.16% | final price |
| NVDA | the next day | +0.76% | still updating |
| NVDA | three days earlier | +5.68% | final price |
| NVDA | five days earlier | +7.75% | final price |
| ON | that day | +3.55% | final price |
| ON | the next day | +0.36% | still updating |
| ON | three days earlier | +7.23% | final price |
| ON | five days earlier | +12.17% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | that day | +0.60% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | the next day | +1.69% | still updating |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | +5.02% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +5.87% | final price |
| Vaneck Etf Trust (SMH) | that day | +2.04% | final price |
| Vaneck Etf Trust (SMH) | the next day | -1.00% | still updating |
| Vaneck Etf Trust (SMH) | three days earlier | +10.54% | final price |
| Vaneck Etf Trust (SMH) | five days earlier | +9.78% | final price |
| Ishares Tr (SOXX) | that day | +2.45% | final price |
| Ishares Tr (SOXX) | the next day | -1.29% | still updating |
| Ishares Tr (SOXX) | three days earlier | +13.25% | final price |
| Ishares Tr (SOXX) | five days earlier | +12.64% | final price |
| Taiwan Semiconductor Manufacturing (TSM) | that day | +1.53% | final price |
| Taiwan Semiconductor Manufacturing (TSM) | the next day | -1.05% | still updating |
| Taiwan Semiconductor Manufacturing (TSM) | three days earlier | +8.27% | final price |
| Taiwan Semiconductor Manufacturing (TSM) | five days earlier | +9.59% | final price |
Congressional trades in the stocks in this story
- Rep. Gilbert Cisneros bought On Semiconductor (ON), worth $15,001 - $50,000 on 28 Sep 2026. That is 36 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna bought On Semiconductor (ON) (held by a dependent child), worth $15,001 - $50,000 on 23 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Cleo Fields bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 9 Oct 2026. That is 25 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 22 Sep 2026. That is 42 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Taiwan Semiconductor Manufacturing (TSM) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 70 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. John J McGuire III sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 24 Sep 2026. That is 40 days before publication. Filed 1 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a dependent child), worth $15,001 - $50,000 on 23 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 11 days before publication. Filed 28 Oct 2026. View the filing.
- Rep. Michael T. McCaul bought Asml Holding (ASML) (held by a spouse), worth $50,001 - $100,000 on 7 Aug 2026. That is 88 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Pete Sessions sold Nvidia (NVDA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 32 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Cleo Fields bought Nvidia (NVDA), worth $1,001 - $15,000 on 1 Oct 2026. That is 33 days before publication. Filed 22 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who collects and who pays in semiconductors
Companies tied to this story
- SMH Vaneck Etf Trust
Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “semiconductor” (semiconductors) in this story
- SOXX Ishares Tr
In “ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens,” Ishares Tr (SOXX) is linked, with no stored direction, medium confidence. Reason on file: iShares Semiconductor ETF: it holds chipmakers. Linked by “semiconductor” (semiconductors) in this story
- QQQ Invesco Qqq Trust, Series 1
Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens.” Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
- GOOGL Alphabet
Alphabet (GOOGL) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens.” Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- MSFT Microsoft
For “ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- TSM Taiwan Semiconductor Manufacturing
In “ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens,” Taiwan Semiconductor Manufacturing (TSM) is linked, with no stored direction, medium confidence. Reason on file: Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “semiconductor” (semiconductors) in this story
- META Meta Platforms
For “ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens,” Meta Platforms (META) is linked, with no stored direction, medium confidence. Reason on file: Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- AMZN Amazon Com
For “ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens,” Amazon Com (AMZN) is linked, with no stored direction, medium confidence. Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
How semiconductors news reaches Vaneck Etf Trust (SMH)
On 3 Nov 2026, “ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens” is the story that connects Vaneck Etf Trust (SMH) to Semiconductors.
For Vaneck Etf Trust (SMH), the reason on file says VanEck Semiconductor ETF: it holds chipmakers. Linked by “semiconductor” (semiconductors) in this story
A second company, Ishares Tr (SOXX), is listed for a different reason: iShares Semiconductor ETF: it holds chipmakers. Linked by “semiconductor” (semiconductors) in this story
The price range for Vaneck Etf Trust (SMH), and the dates in the story
QQQ traded between 680.34 and 757.18 across 20 sessions. The latest close on file is 685.32. SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07. SOXX traded between 452.10 and 596.35 across 20 sessions. The latest close on file is 453.73.
The semiconductors score for Vaneck Etf Trust (SMH)
46 out of 100Price not final
“ON Semiconductor Shares Rise 3% as Q3 Earnings Beat Forecasts and AI Data Centre Outlook Strengthens” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.