ON · Full Picture

ON SEMICONDUCTOR CORP — the full picture

Trailing window · 2026-05-12 to 2026-08-10

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Free Cash Flow and Liquidity · Cash flow generationPriority 69
    +20.0% margin (realized); quote_verified
    Free cash flow margin expanded from 7% to 27% in Q2 2026
  2. Guidance / Outlook · Guidance & outlookPriority 50
    1 forward row(s); quote_verified
    Q3 2026 revenue outlook: $1,650 to $1,750 million
  3. AI Infrastructure Demand · UnclassifiedPriority 42
    1 forward row(s); quote_verified
    Management raised its 2026 AI data center outlook to more than double last year
  4. Revenue Performance and Mix · Revenue growth & mixPriority 38
    quote_verified
    Q2 2026 net income: $226.8 million, up 33%
  5. Supply Chain Constraints · Supply chain & operationsPriority 35
    1 forward row(s); quote_verified
    ON prioritized shipments to AI data center customers over traditional automotive and industrial clients due to surging AI demand
  6. Manufacturing and Capacity · Supply chain & operationsPriority 27
    quote_verified
    ON continued its manufacturing realignment (as disclosed in the 10-Q summary)
  7. Gross Margin Drivers · Gross marginPriority 24
    quote_verified
    Q2 2026 gross margin reported at 38.4% (per TradingView summary)
  8. Capital Return Program · Buybacks & dividendsPriority 18
    quote_verified
    Company performed significant share repurchases (per TradingView summary of the 10-Q)

Threads by pillar

Revenue & Demand Priority 38 · 1 thread

Costs & Margins Priority 39 · 3 threads

Capital & Balance Sheet Priority 70 · 2 threads

Guidance & Outlook Priority 50 · 1 thread

Unclassified Priority 42 · 1 thread

Expected impact by metric

metricforward netforward grossrealized
margin——+20.0%