ON · News · 20260804N
Free Cash Flow and Liquidity
ON SEMICONDUCTOR CORP · 2026-08-04 · Importance 75 · Surprise 64 · No source text
ON Semiconductor generated $425.4 million of free cash flow in Q2 2026. Free-cash-flow margin expanded from 7% to 27% as revenue growth and improved profitability increased cash generation. The company maintained strong liquidity while funding share repurchases and its manufacturing realignment.
Key facts
- Free cash flow margin expanded from 7% to 27% in Q2 2026 source
- Q2 2026 free cash flow: $425.4 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| margin | positive | realized | +20.0% | Free cash flow margin expanded from 7% to 27% in Q2 2026 |
| cash | positive | realized | — | Q2 2026 free cash flow: $425.4 million |