NXPI vs ON Stock Comparison: AI Score, Valuation, Performance and Upside
NXP Semiconductors and ON Semiconductor are both major automotive semiconductor companies but serving different aspects of vehicle electronics. NXP provides intelligence — the processors, radar, MCUs, and networking chips managing vehicle computing and sensing. Onsemi provides power — the SiC semiconductors converting battery power for EV motors and charging. Both are critical to automotive electrification but in complementary roles: NXP for the brain of the vehicle; onsemi for the power system of EVs.
NXPI vs ON is the world's largest automotive semiconductor company providing intelligence chips across vehicle computing, radar, and networking (NXP) versus the SiC power semiconductor specialist for EV traction inverters competing in a more focused but rapidly growing power segment (onsemi) — automotive semiconductor intelligence vs power.
ON holds the edge across 3 of 5 key metrics in this comparison. ON has delivered stronger 1-year price return (+37.15% vs +2.73%), though NXPI has the better forward P/E setup (12.36x vs 16.03x for ON). NXPI leads on both revenue growth (19.50%) and operating margin (30.41%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for ON (+48.30%) than for NXPI (+39.15%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- prefer the broadest automotive semiconductor portfolio across MCUs, processors, radar, and networking chips — maximum automotive electronic content growth exposure
- value NXP's ADAS radar leadership as every new car adds more radar sensors for collision avoidance and autonomous driving enablement
- want automotive semiconductor exposure diversified across both EV and internal combustion vehicles — NXP chips are required in all vehicle types regardless of powertrain
- are comfortable with extended automotive inventory correction, Renesas/TI/Infineon competition in MCUs, and China automotive market demand variability
- prefer focused SiC power semiconductor exposure specifically tied to EV adoption — onsemi benefits most directly from accelerating EV penetration rates
- value onsemi's vertical SiC manufacturing providing supply security and cost control in a constrained SiC substrate market
- want a more concentrated automotive electrification bet with higher upside if EV adoption accelerates beyond current expectations
- are comfortable with SiC competition intensity, EV adoption rate uncertainty, and onsemi's concentration risk from high automotive SiC dependence
| Metric | NXPI | ON |
|---|---|---|
| AI scorei | 52.8 | 65.0 |
| AI ranki | #373 | #82 |
| Latest closei | $227.95 | $68.30 |
| 1M returni | -0.27% | -14.00% |
| 6M returni | +18.51% | +15.20% |
| 1Y returni | +2.73% | +37.15% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NXPI | ON |
|---|---|---|
| 1Y ago | $10.06K (+0.6%) started 2025-09-18 | $13.18K (+31.8%) started 2025-09-18 |
| 5Y ago | $12.83K (+28.3%) started 2021-09-20 | $14.33K (+43.3%) started 2021-09-20 |
| 10Y ago | $34.01K (+240.1%) started 2016-09-19 | $59.29K (+492.9%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | NXPI | ON |
|---|---|---|
| Market capi | $56.38B | $28.27B |
| Trailing P/Ei | 19.08 | 47.46 |
| Forward P/Ei | 12.36 | 16.03 |
| Price/Salesi | 4.26 | 3.15 |
| EV/Revenuei | 4.89 | 4.70 |
| Analyst targeti | $311.10 | $107.68 |
| Target upsidei | +39.15% | +48.30% |
| Metric | NXPI | ON |
|---|---|---|
| Revenue growthi | 19.50% | 9.20% |
| Earnings growthi | 72.60% | 36.60% |
| EPS growthi | +72.60% | +36.60% |
| FCF margini | +26.96% | +26.73% |
| Operating margini | 30.41% | 19.53% |
| Profit margini | 22.56% | 10.17% |
| ROIC proxyi | 27.92% | 8.31% |
| Return on equityi | 27.92% | 8.31% |
| Dividend yieldi | 1.80% | N/A |
| Payout ratioi | 34.61% | 0.00% |
| Dividend growth streaki | No increase yet | N/A |
| Betai | 1.82 | 2.02 |
| Debt/equityi | 93.33 | 65.06 |
| Current ratioi | 2.04 | 3.46 |
| Quick ratioi | 1.19 | 2.29 |
Over the past year, NXPI and ON have moved strongly in the same direction (correlation of 0.72), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | NXPI | ON |
|---|---|---|---|
| 1Y | Growthi | +0.64% | +31.78% |
| CAGRi | +0.64% | +31.82% | |
| Volatilityi | 49.45% | 62.94% | |
| Sharpe ratioi | 0.16 | 0.69 | |
| Sortino ratioi | 0.26 | 0.98 | |
| Max drawdowni | 34.18% | 50.27% | |
| Current drawdowni | 31.48% | 49.00% | |
| Avg drawdowni | 12.26% | 14.03% | |
| Ulcer Indexi | 16.01% | 20.61% | |
| Max daily dropi | 8.15% | 23.66% | |
| Max wkly dropi | 16.25% | 32.67% | |
| 5Y | Growthi | +19.98% | +43.28% |
| CAGRi | +3.71% | +7.47% | |
| Volatilityi | 42.27% | 55.66% | |
| Sharpe ratioi | 0.19 | 0.33 | |
| Sortino ratioi | 0.28 | 0.47 | |
| Max drawdowni | 46.47% | 70.44% | |
| Current drawdowni | 31.48% | 49.00% | |
| Avg drawdowni | 19.31% | 27.83% | |
| Ulcer Indexi | 21.90% | 33.31% | |
| Max daily dropi | 11.25% | 23.66% | |
| Max wkly dropi | 19.21% | 32.67% | |
| 10Y | Growthi | +204.88% | +492.88% |
| CAGRi | +11.80% | +19.49% | |
| Volatilityi | 41.07% | 52.31% | |
| Sharpe ratioi | 0.37 | 0.52 | |
| Sortino ratioi | 0.55 | 0.75 | |
| Max drawdowni | 53.26% | 70.44% | |
| Current drawdowni | 31.48% | 49.00% | |
| Avg drawdowni | 15.51% | 21.42% | |
| Ulcer Indexi | 19.46% | 27.45% | |
| Max daily dropi | 19.38% | 26.84% | |
| Max wkly dropi | 35.51% | 43.93% |
| Category | NXPI | ON |
|---|---|---|
| Company | NXP Semiconductors N.V. | ON Semiconductor (onsemi) |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
| Core business | NXP Semiconductors is the world's largest automotive semiconductor company by revenue, providing microcontrollers (MCUs), processors, RF, radar, and secure element chips across automotive, industrial IoT, mobile, and communication infrastructure. In automotive, NXP's chips manage vehicle computing (S32 automotive processors), radar (77GHz ADAS radar chips), secure elements (vehicle identity and payment), and increasingly vehicle networking (Ethernet switches for automotive). NXP's automotive chips span the entire car's electronic control units. | ON Semiconductor focuses on silicon carbide (SiC) power semiconductors for EV traction inverters and industrial power conversion, plus image sensors and general analog. Onsemi has made EV SiC the centerpiece of its strategy — acquiring SiC wafer manufacturing capability and announcing multi-year SiC supply agreements with major EV OEMs. While NXP focuses on automotive intelligence (processors, radar, MCUs), onsemi focuses on automotive power (SiC inverters). |
| Investor focus | Investors track automotive segment revenue, ADAS radar chip content expansion, vehicle electrification content growth, and inventory correction resolution at automotive OEM and Tier 1 suppliers. | Investors track SiC revenue growth, EV design win announcements, and onsemi's fab capacity expansion to meet SiC demand. |
- World's largest automotive semiconductor company by revenue — broader automotive chip coverage than any single competitor across MCUs, processors, radar, and networking
- Radar semiconductor leadership: NXP's single-chip 77GHz radar solution is adopted by multiple ADAS systems — growing as every new car adds more radar sensors
- S32 automotive compute platform targets vehicle central compute architecture — as cars consolidate multiple ECUs to central computers, S32 wins higher content per vehicle
- SiC power semiconductor leadership for EV inverters — a specific, high-value market growing with EV adoption
- Vertical SiC manufacturing integration provides supply security and cost control as SiC demand grows
- Long-term automotive design win visibility — EV traction inverter design wins have 7–10 year platform lifetimes
- Automotive semiconductor inventory correction has extended — Tier 1 automotive suppliers built excess inventory in 2021–2022 and destocking has been prolonged
- Renesas, Texas Instruments, Infineon, and STMicroelectronics all compete in automotive semiconductors with comparable portfolios
- China automotive market slowdown impacts NXP given China's significant automotive production volumes
- SiC competition is intense — Wolfspeed, STMicroelectronics, Infineon, and others all competing for EV traction inverter SiC content
- EV adoption growth has moderated from initial high expectations — SiC revenue ramp is slower than predicted
- Concentration risk: onsemi's focus on SiC/automotive creates vulnerability to any sustained slowdown in EV adoption rates
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