onsemi — Third Quarter 2026 Earnings Summary

onsemi reported third quarter 2026 revenue of $1.722 billion, representing an 11% year-over-year increase, while GAAP diluted earnings per share rose to $0.79 and non-GAAP diluted earnings per share reached $0.90. The company achieved a GAAP gross margin of 41.4% and a non-GAAP operating margin of 23.2%, driven by strong demand in AI data center and industrial markets where AI data center revenue grew 175% year-over-year. Strategic initiatives included an agreement to acquire Ferric to enhance AI processor power delivery capabilities and revised terms for the planned acquisition of Synaptics. Additionally, onsemi generated $516 million in cash from operations and $489 million in free cash flow, with a fourth quarter 2026 revenue outlook projected between $1.715 billion and $1.815 billion.