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NXP Semiconductors N.V. vs ON Semiconductor: Which Stock Looks Stronger in 2026?

NXP Semiconductors holds the cleaner structural position, with the lead spread across growth and valuation. ON Semiconductor still has the edge on profitability, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-05-17

Growth remains the main source of distance in the comparison. The overall score gap is 11 points in favour of NXP Semiconductors N.V..

INDUSTRY COMPARISON

Both operate in: Semiconductors

This comparison is based on industry proximity, not on functional trajectory similarity. NXPI and ON share the same industry classification.

For a similarity-based comparison, see how NXP Semiconductors and ON Semiconductor each position within their functional peer groups in AssetNext.

Peer-Relative Score
NXPI
NXP Semiconductors N.V.
55
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
ON
ON Semiconductor Corporation
44
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: NXPI vs ON Profitability 51 61 Stability 29 33 Valuation 58 29 Growth 85 51 NXPI ON
Gap Ranking
#1 Growth +34
#2 Valuation +29
#3 Profitability +10
#4 Stability +4
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NXPI and ON Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NXPION Relative valuation Structural strength

NXP Semiconductors N.V. and ON Semiconductor Corporation look relatively close on structure, but the price setup still leans toward NXP Semiconductors N.V..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where NXPI and ON each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY NXPI Elevated · above norm 0th 50th 100th 0 pct gap ON Elevated · above norm 0th 50th 100th 99th 99th
NXPI (99th percentile) and ON (99th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Both rank well on growth, but NXP Semiconductors N.V. still holds a clear edge.
Valuation
NXP Semiconductors N.V. sits in the stronger part of the group on valuation, while ON Semiconductor Corporation is closer to mid-pack.
Growth — Dominant Gap
NXPI
85
ON
51
Gap+34in favour of NXPI

Earnings growth is one contributing factor within the growth lead.

What else supports the lead

NXP Semiconductors N.V. also looks less cycle-sensitive, which gives the profile a calmer footing than a pure score split would imply.

What this means for the comparison

The lead is built on both growth and valuation — though profitability still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the NXPI vs ON comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-and-valuation comparisons

Explore how NXPI and ON each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.