ON · 10-Q · 2026Q4 · Full report
Restructuring and Headcount
ON SEMICONDUCTOR CORP · 2026-11-02 · Importance null · Surprise 42 · No source text
The 2026 Manufacturing Realignment Program is expected to incur $26.0 million in severance and related benefits for approximately 650 employee terminations. Onsemi recognized $24.2 million of those costs during the first nine months of 2026, including $1.5 million in the quarter. Nine-month non-cash impairment charges were $166.6 million, and other charges were $184.3 million, including accelerated depreciation and amortization of abandoned assets and facility-exit costs. Total restructuring, asset impairments and other net expense was $375.1 million for the nine months ended October 2, 2026.
Key facts
- ON Semiconductor expects $26.0 million of severance and related benefit costs for terminating approximately 650 employees under its manufacturing realignment program. source
- ON Semiconductor recorded non-cash manufacturing-equipment impairment charges of $3.3 million for the quarter and $166.6 million for the nine months ended October 2, 2026. source
- ON Semiconductor recognized approximately $1.5 million of severance and related benefit expenses in the quarter and $24.2 million in the nine months ended October 2, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -9.7% | ON Semiconductor recorded non-cash manufacturing-equipment impairment charges of $3.3 million for the quarter and $166.6 million for the… |
| operating_income | negative | probable | -0.1% | ON Semiconductor expects $26.0 million of severance and related benefit costs for terminating approximately 650 employees under its… |