ON Semiconductor Corp (ON) Financials
Key financial figures for ON Semiconductor Corp (Q2 2026).
onsemi posted Q2 2026 revenue of $1,603.5 million, up 9% year-over-year, as PSG segment strength drove non-GAAP gross margin to 39.3%, its fourth straight quarter of expansion. Revenue of $1,603.5 million rose 9% year-over-year and 6% sequentially, above the high end of prior guidance. GAAP diluted EPS was $0.56; non-GAAP diluted EPS was $0.74, both up sharply from a year ago. Non-GAAP gross margin expanded to 39.3% (GAAP 38.4%), the fourth consecutive quarter of sequential improvement. On the outlook: Q3 2026 revenue of $1,650 to $1,750 million, GAAP gross margin of 39.9% to 41.9% (non-GAAP 40.0% to 42.0%), GAAP diluted EPS of $0.79 to $0.91 (non-GAAP $0.81 to $0.93). Figures are for Q2 2026, as ON Semiconductor Corporation reported them.
- Revenue
- $1.6B
- Net Income
- $228M
- EPS
- $0.58
- Total Assets
- $13.5B
- Operating Cash Flow
- $460M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $1.6B | $227M | $0.56 | 16.13% | $425M |
| Q1 FY2026 | $1.5B | -$33M | -$0.08 | -3.53% | $217M |
| Q4 FY2025 | $1.5B | $182M | $0.45 | 16.53% | $485M |
| Q3 FY2025 | $1.6B | $255M | $0.63 | 17.05% | |
| Q2 FY2025 | $1.5B | $170M | $0.41 | 13.17% | $106M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $6.0B | $121M | $0.29 | 12.47% | $1.4B |
| FY2024 | $7.1B | $1.6B | $3.63 | 24.96% | $1.2B |
| FY2023 | $8.3B | $2.2B | $4.89 | 30.76% | $438M |
Frequently asked questions
What was ON Semiconductor Corporation's revenue last quarter?
ON Semiconductor Corporation reported revenue of $1.60 billion for Q2 FY2026, up 9.2% from the same period a year earlier.
Is ON Semiconductor Corporation profitable?
Yes. ON Semiconductor Corporation reported net income of $226.8 million for Q2 FY2026, a net margin of 14.14% on revenue.
How has ON Semiconductor Corporation's margin trended?
Operating margin was 16.13% in Q2 FY2026, compared with 13.17% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did ON Semiconductor Corporation generate?
ON Semiconductor Corporation generated free cash flow of $425.4 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for ON Semiconductor Corp on SentiSense, with up to forty quarters and twenty fiscal years of history.