Earnings Releases·Nov 2, 2026, 4:15 PM ET

onsemi — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $1,722.3 million (up 11% YoY), while non-GAAP diluted EPS grew over 40% YoY to $0.90, with gross margin expanding 190 basis points sequentially to 41.2%.
AI data center revenue surged 175% YoY, prompting a $500 million increase to the 2030 revenue target (> $3 billion), and Q4 2026 non-GAAP EPS guidance was raised to $0.95–$1.07.
Strategic M&A activity includes an agreement to acquire Ferric for AI processor power delivery and revised terms to acquire Synaptics for approximately $5.7 billion in cash, expected to be immediately accretive to non-GAAP EPS.
Capital allocation saw free cash flow rise 31% YoY to $488.6 million, with cash and equivalents increasing to $4,157.7 million, alongside $19.9 million in common stock repurchases.