ON Semiconductor Corporation (ON) Earnings

metirFinance

Sep 2026upcoming

Next quarter

Reports Nov 2, 2026.

Consensus is $0.90 EPS for Sep 2026 across 10 estimates, ranging $0.87 to $1.15.

ON Jun 2026

Reported Aug 3, 2026

: 2.78%
: +0.47%

: $0.72
: $0.74
: —
: $1.60B

Reported results

: $1.60B; from $1.47B
: $258.60M; from $193.40M
: $226.80M; from $170.30M
: $0.56; from $0.41

Highlights

Revenue was $1,603.5 million, compared with $1,468.7 million in the year-ago quarter; net income was $0.23 billion versus $0.17 billion in Q3 FY2025.
Power Solutions Group revenue rose to $829.0 million from $698.2 million, while segment gross profit increased to $230.3 million from $180.8 million.
Analog and Mixed-Signal Group revenue was $545.7 million versus $555.9 million, although segment gross profit rose to $291.2 million from $281.8 million.
Intelligent Sensing Group revenue increased to $228.8 million from $214.6 million, with segment gross profit reaching $94.8 million versus $89.3 million.
Automotive revenue was $781.3 million, industrial revenue was $422.7 million and other end-markets contributed $399.5 million; intelligent power revenue was $839.8 million.
Remaining long-term supply agreement performance obligations were approximately $6.1 billion, with approximately 37% expected to be recognized as revenue over the next 12 months; no capex or earnings guidance was provided.

Analysis

No consensus figures are on file, so the quarter cannot be judged against an external earnings expectation. Revenue reached $1,603.5 million, up from $1,468.7 million a year earlier and above the $1.51 billion reported for Q2 FY2026; net income was $0.23 billion, compared with $0.17 billion in Q3 FY2025 and a $0.03 billion loss in Q2 FY2026. PSG carried growth, with revenue increasing to $829.0 million and gross profit to $230.3 million. ISG also improved, reaching $228.8 million of revenue and $94.8 million of gross profit. AMG was the drag on revenue, declining to $545.7 million from $555.9 million, but its gross profit increased to $291.2 million. Company-wide segment gross profit rose to $616.3 million from $551.9 million. Restructuring-related charges of $41.2 million, including $13.4 million in cost of revenue, and manufacturing asset impairments weighed on reported profitability.

Guidance

The supplied filing gives no formal forward revenue, earnings, gross-margin, operating-margin or capital-expenditure guidance, and it does not provide a revised range against which to compare a prior guide. Management disclosed approximately $6.1 billion of remaining long-term supply agreement obligations as of July 3, 2026, with approximately 37% expected to be recognized over the next 12 months if products ship under contract terms. The company cautioned that manufacturing or supply-chain constraints, customer-agreement changes and regulatory changes could affect timing, pricing or amounts delivered, and said additional manufacturing-equipment impairment charges may occur in future periods.

What drove it

PSG growth — PSG revenue was $829.0 million and segment gross profit was $230.3 million, compared with $698.2 million and $180.8 million in the year-ago quarter.
AMG profitability — AMG revenue declined to $545.7 million from $555.9 million, but segment gross profit increased to $291.2 million from $281.8 million.
Automotive demand — Automotive revenue was $781.3 million, compared with $733.2 million in the year-ago quarter.
Supply commitments — Remaining long-term supply agreement obligations were approximately $6.1 billion, with approximately 37% expected to convert to revenue over the next 12 months.

Watch items

AMG revenue fell to $545.7 million from $555.9 million in the year-ago quarter, making it the only reportable segment with a year-over-year revenue decline.
The company recorded $41.2 million of restructuring, asset impairment and other charges in the quarter, including $16.3 million of manufacturing-equipment impairments and $13.4 million of restructuring-related cost of revenue.
Management warned that additional manufacturing-equipment impairment charges may be incurred in future periods as assets meet held-for-sale criteria.
Long-term supply agreement revenue remains exposed to manufacturing or supply-chain constraints, customer-agreement changes and regulatory changes; one distributor represented approximately 14% of quarterly revenue.

ON Semiconductor Corporation

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