Jun 2026 (Q2 FY26) — Aug 3, 2026
onsemi Q2 FY26 — AI Data Center Demand Fuels Strong Performance and Margin Expansion
Read the full callON Semiconductor (ON) earnings
- Jul 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
ON Semiconductor earnings: last reported Mon, 3 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,604 | +9.2% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 16.1 | +3.0 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 227 | +33.2% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
74 of 87 judged targets kept · 47 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Automotive segment revenue (sequential) | roughly flat | Mar 2026 | Automotive revenue was $781 million in the second quarter, down 2% quarter-over-quarter and grew 7% year-over-year | Achieved |
| Industrial segment revenue (sequential) | up mid-single-digit percentage | Mar 2026 | Industrial revenue was $423 million, up 1% sequentially and 4% year-over-year | Missed |
| AI data center revenue growth versus prior year | double year-over-year in 2026 | Mar 2026 | We now expect AI data center revenue to more than double in 2026, driven by stronger demand, further accelerated by broader customer wins and expanding content across the entire Power Tree | Revised Up |
13 of ON SEMICONDUCTOR CORP's 134 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 131 more targets are in the full ledger.
Claimed
- Delivered $1.6 billion of revenue, non-GAAP gross margin of 39.3%, and non-GAAP diluted EPS of $0.74, all above the midpoint of guidance.
- AI data center revenue is now expected to more than double in 2026 compared to 2025.
- Free cash flow nearly quadrupled in Q2 to $425 million, with 105% of free cash flow returned to shareholders year-to-date.
- Non-GAAP gross margin expanded for the fourth consecutive quarter, increasing 80 basis points sequentially to 39.3%.
- Automotive silicon carbide revenue in China is expected to increase between 60% and 70% year-over-year.
Qualified
- Prioritized shipments to AI data center over automotive and industrial due to accelerated demand, leading to short-term impacts on other businesses.
- Automotive revenue declined 2% quarter-over-quarter, primarily due to specific customer seasonality in Europe.
- Experiencing incremental increases in input costs, mainly in raw materials and external manufacturing.
Price
$73.12 +1.53% · +$1.1
Performance +39.2% 1Y
1Y: $52.53 on 17 Oct 2025 → $73.12. High $133.93 (3 Jun 2026), low $44.9 (20 Nov 2025).
- Previous close
- $72.02
- 52-week range
- $44.9 – $133.93
- One year
- +33.21%
Overview
- Symbol
- ON
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
74 of 87 judged targets kept · 47 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Automotive segment revenue (sequential) | roughly flat | Mar 2026 | Automotive revenue was $781 million in the second quarter, down 2% quarter-over-quarter and grew 7% year-over-year | Achieved |
| Industrial segment revenue (sequential) | up mid-single-digit percentage | Mar 2026 | Industrial revenue was $423 million, up 1% sequentially and 4% year-over-year | Missed |
| AI data center revenue growth versus prior year | double year-over-year in 2026 | Mar 2026 | We now expect AI data center revenue to more than double in 2026, driven by stronger demand, further accelerated by broader customer wins and expanding content across the entire Power Tree | Revised Up |
Claimed
- Delivered $1.6 billion of revenue, non-GAAP gross margin of 39.3%, and non-GAAP diluted EPS of $0.74, all above the midpoint of guidance.
- AI data center revenue is now expected to more than double in 2026 compared to 2025.
- Free cash flow nearly quadrupled in Q2 to $425 million, with 105% of free cash flow returned to shareholders year-to-date.
- Non-GAAP gross margin expanded for the fourth consecutive quarter, increasing 80 basis points sequentially to 39.3%.
- Automotive silicon carbide revenue in China is expected to increase between 60% and 70% year-over-year.
Qualified
- Prioritized shipments to AI data center over automotive and industrial due to accelerated demand, leading to short-term impacts on other businesses.
- Automotive revenue declined 2% quarter-over-quarter, primarily due to specific customer seasonality in Europe.
- Experiencing incremental increases in input costs, mainly in raw materials and external manufacturing.
The full ledger
Open ON SEMICONDUCTOR CORP’s full ledger
A free account opens 5 company ledgers a month. All 134 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 4, 2026
onsemi Q1 FY26 — AI Data Center Growth and Margin Expansion Drive Inflection Point
Read the full callDec 2025 (Q4 FY25) — Feb 9, 2026
onsemi Q4 FY25 — AI Data Center Growth and Margin Expansion Initiatives
Read the full callEvery analysed call
ON Semiconductor earnings calls (ON)
Financials
What the filings say
Net profit, year on year: +33% (quarter to jul 2026 against jul 2025).
| Line item | Sep 2024 | Dec 2024 | Apr 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,762 | 1,723 | 1,446 | 1,469 | 1,551 | 1,530 | 1,513 | 1,604 |
| Operating profit | 445 | 409 | -574 | 193 | 264 | 200 | -53 | 259 |
| Operating margin | 25.3% | 23.7% | −39.7% | 13.2% | 17.1% | 13.1% | −3.5% | 16.1% |
| Other income | 9 | 34 | 13 | 9 | 9 | 17 | 9 | 12 |
| Interest | 16 | 15 | 18 | 18 | 18 | 17 | 13 | 14 |
| Net profit | 402 | 380 | -486 | 170 | 255 | 182 | -33 | 227 |
| EPS ($ per share) | 0.94 | — | -1.15 | 0.41 | 0.63 | — | -0.08 | 0.58 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 980 | 1,191 | 1,426 | 2,435 | 4,364 | 6,548 | 8,121 | 8,242 |
| Total liabilities | 4,394 | 5,101 | 5,110 | 5,022 | 5,772 | 5,415 | 5,275 | 4,832 |
| Fixed assets | 2,550 | 2,592 | 2,512 | 2,524 | 3,451 | 4,402 | 4,361 | 3,369 |
| Investments | — | — | — | — | — | 0 | 300 | 400 |
| Total assets | 7,588 | 8,426 | 8,668 | 9,626 | 11,979 | 13,215 | 14,090 | 12,524 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,274 | 695 | 884 | 1,782 | 2,633 | 1,978 | 1,906 | 1,760 |
| Cash from investing | -549 | -1,511 | -454 | -915 | -705 | -1,738 | -1,010 | -538 |
| Cash from financing | -605 | 623 | -244 | -569 | -370 | -686 | -684 | -1,764 |
| Net cash flow | 121 | -193 | 187 | 296 | 1,555 | -448 | 208 | -544 |
| Capital expenditure | -515 | -535 | -384 | -445 | -1,036 | -1,539 | -694 | -341 |
| Free cash flow | 759 | 160 | 501 | 1,337 | 1,597 | 438 | 1,212 | 1,419 |
ON revenue by segment
Power Solutions Group grew from 47% to 52% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Power Solutions Group | 47% | 47% | 45% | 48% | 48% | 47% | 49% | 52% | +18.7% |
| Analog Mixed Signal Group | 37% | 35% | 39% | 38% | 38% | 36% | 36% | 34% | -1.8% |
| Intelligent Sensing Group | 16% | 18% | 16% | 15% | 15% | 16% | 16% | 14% | +6.6% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- HK 28% ↑ 1 pt
- SG 24% ↓ 1 pt
- GB 22%
- US 19% ↑ 3 pt
- Other Geographical Areas 7% ↓ 2 pt
As ON cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
59 filings between Dec 3, 2025 and Oct 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$21.31M
15 sales by 4 insiders
53% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 27
- Award — granted as compensation
- 16
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Thad Trent | — | $13.56M | Apr 24, 2026 |
| KEETON SIMON | — | $4.68M | Feb 17, 2026 |
| GOPALSWAMY SUDHIR | — | $1.60M | Oct 1, 2026 |
| El-Khoury Hassane | — | $1.46M | Feb 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 2, 2026 | MASCARENAS PAUL ANTHONY Director | Award | 126 | $10.7K |
| Oct 1, 2026 | GOPALSWAMY SUDHIR Group President, AMG & ISG | Sale 10b5-1 plan | 15,578 | $1.25M |
| Jul 2, 2026 | MASCARENAS PAUL ANTHONY Director | Award | 116 | $10.6K |
| May 26, 2026 | GOPALSWAMY SUDHIR Group President, AMG & ISG | Tax withheld | 470 | $59.7K |
| May 14, 2026 | MASCARENAS PAUL ANTHONY Director | Award | 1,986 | $0 |
| May 14, 2026 | WATERS GREGORY L Director | Award | 1,986 | $0 |
| May 14, 2026 | KIDDOO BRUCE E Director | Award | 1,986 | $0 |
| May 14, 2026 | CARTER SUSAN K Director | Award | 1,986 | $0 |
| May 14, 2026 | Deitrich Thomas Director | Award | 1,986 | $0 |
| May 14, 2026 | Yan Christine Y Director | Award | 1,986 | $0 |
| Apr 24, 2026 | Thad Trent Exec VP & CFO | Sale 10b5-1 plan | 30,000 | $3.00M |
| Apr 23, 2026 | Thad Trent Exec VP & CFO | Sale 10b5-1 plan | 30,000 | $2.79M |
| Apr 16, 2026 | Thad Trent Exec VP & CFO | Sale 10b5-1 plan | 30,000 | $2.40M |
| Apr 3, 2026 | MASCARENAS PAUL ANTHONY Director | Award | 168 | $10.4K |
| Mar 13, 2026 | GOPALSWAMY SUDHIR Group President, AMG & ISG | Sale | 6,114 | $358.7K |
| Feb 21, 2026 | El-Khoury Hassane CEO & President | Tax withheld | 36,802 | $2.54M |
| Feb 21, 2026 | GOPALSWAMY SUDHIR Group President, AMG & ISG | Tax withheld | 9,583 | $662.3K |
| Feb 21, 2026 | KEETON SIMON Group President, PSG | Tax withheld | 7,788 | $538.2K |
| Feb 21, 2026 | Thad Trent Exec VP & CFO | Tax withheld | 10,383 | $717.6K |
| Feb 20, 2026 | KEETON SIMON Group President, PSG | Tax withheld | 3,130 | $216.3K |
| Feb 20, 2026 | KEETON SIMON Group President, PSG | Award | 26,046 | $0 |
| Feb 20, 2026 | El-Khoury Hassane CEO & President | Award | 75,315 | $0 |
| Feb 20, 2026 | GOPALSWAMY SUDHIR Group President, AMG & ISG | Tax withheld | 1,455 | $100.6K |
| Feb 20, 2026 | GOPALSWAMY SUDHIR Group President, AMG & ISG | Award | 31,834 | $0 |
| Feb 20, 2026 | Thad Trent Exec VP & CFO | Award | 36,175 | $0 |
| Feb 20, 2026 | Thad Trent Exec VP & CFO | Tax withheld | 4,173 | $288.4K |
| Feb 17, 2026 | KEETON SIMON Group President, PSG | Sale | 4,597 | $328.9K |
| Feb 17, 2026 | KEETON SIMON Group President, PSG | Sale | 44,263 | $3.18M |
| Feb 12, 2026 | KIDDOO BRUCE E Director | Gift | 3,570 | $0 |
| Feb 12, 2026 | Thad Trent Exec VP & CFO | Sale 10b5-1 plan | 2,200 | $161.5K |
| Feb 12, 2026 | Thad Trent Exec VP & CFO | Sale 10b5-1 plan | 1,300 | $93.2K |
| Feb 12, 2026 | Thad Trent Exec VP & CFO | Sale 10b5-1 plan | 7,000 | $510.1K |
| Feb 12, 2026 | El-Khoury Hassane CEO & President | Sale | 19,900 | $1.45M |
| Feb 12, 2026 | El-Khoury Hassane CEO & President | Sale | 100 | $7.4K |
| Feb 12, 2026 | Thad Trent Exec VP & CFO | Sale 10b5-1 plan | 49,500 | $3.51M |
| Feb 10, 2026 | Thad Trent Exec VP & CFO | Tax withheld 10b5-1 plan | 6,709 | $452.1K |
| Feb 10, 2026 | KEETON SIMON Group President, PSG | Tax withheld | 5,032 | $339.1K |
| Feb 10, 2026 | El-Khoury Hassane CEO & President | Tax withheld | 20,762 | $1.40M |
| Feb 10, 2026 | GOPALSWAMY SUDHIR Group President, AMG & ISG | Tax withheld | 6,191 | $417.1K |
| Feb 6, 2026 | KEETON SIMON Group President, PSG | Tax withheld | 9,232 | $601.9K |
| Feb 6, 2026 | Thad Trent Exec VP & CFO | Tax withheld | 12,270 | $800.0K |
| Feb 6, 2026 | El-Khoury Hassane CEO & President | Tax withheld | 34,460 | $2.25M |
| Feb 6, 2026 | GOPALSWAMY SUDHIR Group President, AMG & ISG | Tax withheld | 6,041 | $393.9K |
| Feb 5, 2026 | GOPALSWAMY SUDHIR Group President, AMG & ISG | Award | 23,287 | $0 |
| Feb 5, 2026 | KEETON SIMON Group President, PSG | Award | 2,581 | $0 |
| Feb 5, 2026 | KEETON SIMON Group President, PSG | Award | 3,279 | $0 |
| Feb 5, 2026 | KEETON SIMON Group President, PSG | Award | 23,287 | $0 |
| Feb 5, 2026 | Thad Trent Exec VP & CFO | Award | 3,441 | $0 |
| Feb 5, 2026 | Thad Trent Exec VP & CFO | Award | 4,371 | $0 |
| Feb 5, 2026 | Thad Trent Exec VP & CFO | Award | 31,050 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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