ON · 10-Q · 2026Q4 · Full report

Liquidity and Cash Position

ON SEMICONDUCTOR CORP · 2026-11-02 · Importance 55 · Surprise 14 · In source text

Cash and cash equivalents plus short-term investments totaled approximately $4.4 billion as of October 2, 2026, with approximately $1.5 billion available under the Revolving Credit Facility. Nine-month operating cash flow was $1,215.2 million, compared with $1,205.3 million in the prior-year period. Capital expenditures were approximately 2% of revenue, and onsemi expected 2026 annualized capital expenditures of approximately 2–3% of revenue. The company stated that, after considering the Synaptics acquisition funding, cash, operating cash generation and available revolver capacity were adequate for working capital and other needs for at least 12 months and thereafter for the foreseeable future.

Key facts

• ON Semiconductor's cash and cash equivalents plus short-term investments were approximately $4.4 billion as of October 2, 2026; approximately $1.5 billion was available under its Revolving Credit Facility. source
• ON Semiconductor expects cash on hand, operating cash generation and available Revolving Credit Facility borrowings to cover working capital and other business needs for at least 12 months and thereafter for the foreseeable future, including after considering the pending Synaptics acquisition. source
• Operating cash flows were $1,215.2 million for the nine months ended October 2, 2026, versus $1,205.3 million in the prior-year period, a $9.9 million increase. source
• Investing cash flows were $144.7 million provided in the nine months ended October 2, 2026, versus $487.8 million used in the prior-year period; the $632.5 million change reflected lower capex, short-term investment purchases and business-acquisition payments, plus $31.7 million of divestiture proceeds. source

Impact estimates