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On Semiconductor 8-K Report, Financial Results (Nov 3, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed November 3, 2025
Period End
November 3, 2025
Security
ON
In the record · 2016–202610-K1110-Q338-K162

ON filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 162 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Oct ’18Oct ’18
  2. Leadership change8-K · Oct ’20Oct ’20
  3. Impairment8-K · Sep ’22Sep ’22
  4. Material agreement8-K · Nov ’26Nov ’26

01—Abstract

Summary

Summary of the 8-K filed November 3, 2025. Cited figures are marked; the original filing is the authoritative source.

onsemi (Nasdaq: ON), filed as ON Semiconductor Corporation, reported third quarter 2025 results for the quarter ended October 3, 2025, in a news release furnished under Item 2.02 of this Form 8-K.

Revenue was $1,550.9 milliona, up from $1,468.7 million in the second quarter of 2025 but down from $1,761.9 million in the third quarter of 2024. GAAP gross margin was 37.9% and GAAP operating margin was 17.0%, compared with 37.6% and 13.2% in the prior quarter. GAAP diluted earnings per share were $0.63, versus $0.41 in the second quarter of 2025 and $0.93 in the third quarter of 2024.

CEO Hassane El-Khoury said results exceeded expectations and cited continued signs of stabilization in core markets and positive growth in AI. Cash flow was strong in the quarter. Net cash provided by operating activities was $418.7 millionb and free cash flow was $372.4 million, which the company said grew 22% year-over-year to 24% of revenue.

Year-to-date share repurchases totaled $925 millionc, approximately 100% of free cash flow. Cash and cash equivalents were $2,472.5 million at October 3, 2025, against long-term debt of $3,353.1 million. For the nine months ended October 3, 2025, the company reported a GAAP net loss attributable to ON Semiconductor Corporation of $60.8 million, driven by $608.1 million of restructuring, asset impairments and other charges.

For the fourth quarter of 2025, onsemi guided to revenue of $1,480 million to $1,580 milliond, a GAAP gross margin of 36.9% to 38.9%, and GAAP diluted EPS of $0.56 to $0.66 on about 405 million diluted shares. The company also disclosed a non-GAAP effective tax rate of 16% through 2025, moving to 15% beginning in 2026.

02—Key points

Key Highlights

  1. Q3 2025 revenue of $1,550.9 million, up from $1,468.7 million in Q2 2025 but down from $1,761.9 million in Q3 2024.
  2. GAAP gross margin of 37.9% and GAAP operating margin of 17.0%, versus 37.6% and 13.2% in Q2 2025.
  3. GAAP and non-GAAP diluted EPS of $0.63 for Q3 2025, compared with $0.41 GAAP and $0.53 non-GAAP in Q2 2025.
  4. Free cash flow of $372.4 million, which the company said grew 22% year-over-year to 24% of revenue.
  5. Year-to-date share repurchases of $925 million, approximately 100% of free cash flow.
  6. Nine-month GAAP net loss attributable to ON Semiconductor Corporation of $60.8 million, including $608.1 million of restructuring, asset impairments and other charges.
  7. Q4 2025 outlook calls for revenue of $1,480 million to $1,580 million and GAAP diluted EPS of $0.56 to $0.66.

03—Questions

Frequently Asked Questions

  1. How did onsemi perform in the third quarter of 2025?

    Revenue was $1,550.9 million, GAAP gross margin was 37.9%, GAAP operating margin was 17.0%, and GAAP diluted EPS was $0.63. All three metrics improved from the second quarter of 2025, though revenue was lower than the $1,761.9 million reported in the third quarter of 2024.

  2. What did management say about demand trends?

    CEO Hassane El-Khoury said the company is seeing continued signs of stabilization across its core markets and positive growth in AI. He said results exceeded expectations.

  3. How much cash did the company generate and return to shareholders?

    Operating cash flow was $418.7 million and free cash flow was $372.4 million in the quarter. Year-to-date share repurchases totaled $925 million, which the company described as approximately 100% of free cash flow.

  4. What is the outlook for the fourth quarter of 2025?

    The company expects revenue of $1,480 million to $1,580 million, GAAP gross margin of 36.9% to 38.9%, and GAAP diluted EPS of $0.56 to $0.66 on about 405 million diluted shares.

  5. Why was the nine-month GAAP result a loss?

    For the nine months ended October 3, 2025, the company reported a GAAP net loss attributable to ON Semiconductor Corporation of $60.8 million. The filing shows restructuring, asset impairments and other charges of $608.1 million for that period, and the company's non-GAAP reconciliation adjusts for these items.

04—Continue

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