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On Semiconductor 8-K Report, Financial Results (Nov 2, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed November 2, 2026
Period End
November 2, 2026
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. Impairment8-K · Nov ’25Nov ’25

01—Abstract

Summary

Summary of the 8-K filed November 2, 2026. Cited figures are marked; the original filing is the authoritative source.

onsemi (Nasdaq: ON) reported third quarter 2026 results for the quarter ended October 2, 2026, furnished under Item 2.02 via Exhibit 99.1.

Revenue was $1,722.3 milliona, up 11% year-over-year and 7% sequentially from $1,603.5 million. GAAP gross margin was 41.4% and non-GAAP gross margin was 41.2%. GAAP operating margin was 22.0% versus 23.2% non-GAAP.

GAAP diluted EPS was $0.79b and non-GAAP diluted EPS was $0.90, compared with $0.63 in the year-ago quarter. Management said earnings per share grew more than 40% year-over-year on 11% revenue growth, and that gross margin expanded for the fifth consecutive quarter. Cash from operations was $516.4 million and free cash flow was $488.6 million.

Cash and cash equivalents rose to $4,157.7 millionc at quarter end from $3,514.5 million at July 3, 2026. The company highlighted AI data center revenue growth of 39% sequentially and 175% year-over-year. Business developments included an agreement to acquire Ferric, which raised the AI data center 2030 revenue target by $500 million to greater than $3 billion.

The filing also describes revised terms for the planned Synaptics acquisition, now about $5.7 billiond in cash versus $7 billion in stock under the prior agreement. Fourth quarter 2026 guidance calls for revenue of $1,715 to $1,815 million, GAAP diluted EPS of $0.88 to $1.00, and non-GAAP diluted EPS of $0.95 to $1.07. For investors, the quarter shows strong operating leverage, with operating income of $378.3 million on a GAAP basis and total debt rising to about $4.46 billion on the balance sheet after the new debt issuance in the prior quarter.

Restructuring, asset impairments and other charges fell to $4.6 million in the quarter from $41.2 million in the prior quarter. The results and guidance are presented as unaudited, and the filing points investors to the risk factors in the 2025 Form 10-K.

02—Key points

Key Highlights

  1. Revenue of $1,722.3 million, up 11% year-over-year and up from $1,603.5 million in Q2 2026.
  2. GAAP gross margin of 41.4% and non-GAAP gross margin of 41.2%, with gross margin expanding for the fifth consecutive quarter, up 190 basis points sequentially.
  3. GAAP diluted EPS of $0.79 and non-GAAP diluted EPS of $0.90, versus $0.63 in Q3 2025.
  4. Free cash flow of $488.6 million, up 31% year-over-year, and cash from operations of $516.4 million, up 23% year-over-year.
  5. AI data center revenue grew 39% sequentially and 175% year-over-year; the 2030 AI data center revenue target was raised by $500 million to greater than $3 billion following the Ferric acquisition agreement.
  6. Revised Synaptics acquisition terms of about $5.7 billion in cash, replacing the prior $7 billion all-stock agreement, which the company says should be immediately accretive to non-GAAP EPS.
  7. Fourth quarter 2026 guidance of revenue between $1,715 million and $1,815 million and non-GAAP diluted EPS between $0.95 and $1.07.

03—Questions

Frequently Asked Questions

  1. How did onsemi perform in the third quarter of 2026?

    Revenue was $1,722.3 million, up 11% year-over-year and up from $1,603.5 million in the prior quarter. GAAP diluted EPS was $0.79 and non-GAAP diluted EPS was $0.90. Net income attributable to ON Semiconductor Corporation was $313.9 million on a GAAP basis and $354.0 million on a non-GAAP basis.

  2. What drove revenue growth by segment?

    Power Solutions Group (PSG) revenue was $889.9 million, up 21% year-over-year and 7% sequentially. Analog and Mixed-Signal Group (AMG) revenue was $597.3 million, up 2% year-over-year and 9% sequentially. Intelligent Sensing Group (ISG) revenue was $235.1 million, up 2% year-over-year and 3% sequentially.

  3. What is the outlook for the fourth quarter of 2026?

    Guidance calls for revenue of $1,715 million to $1,815 million, GAAP gross margin of 41.4% to 43.4%, and GAAP diluted EPS of $0.88 to $1.00. Non-GAAP guidance is revenue of $1,715 million to $1,815 million, non-GAAP gross margin of 41.5% to 43.5%, and non-GAAP diluted EPS of $0.95 to $1.07.

  4. What changed in the Synaptics acquisition?

    The company announced revised terms for the planned Synaptics acquisition, now about $5.7 billion in cash compared with $7 billion in stock under the prior agreement. The company says the transaction should be immediately accretive to non-GAAP EPS.

  5. How much cash and liquidity did onsemi report at quarter end?

    Cash and cash equivalents were $4,157.7 million at October 2, 2026, up from $3,514.5 million at July 3, 2026. Short-term investments were $210.0 million. Long-term debt was $3,660.2 million, with a current portion of $802.8 million.

04—Continue

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