ON · 10-Q · 2026Q4 · Full report

Manufacturing and Capacity

ON SEMICONDUCTOR CORP · 2026-11-02 · Importance null · Surprise 42

During the quarter and nine months ended October 2, 2026, onsemi continued its multi-year manufacturing realignment program to align capacity and capabilities with anticipated long-term needs. The company expects $26.0 million in severance and related benefit costs for approximately 650 employee terminations. For the nine months ended October 2, 2026, it recorded $166.6 million of non-cash impairment charges on manufacturing equipment, alongside $184.3 million of other charges, including facility exit costs and accelerated depreciation and amortization. These costs were recorded in restructuring, asset impairments and other, net.

Key facts

• ON Semiconductor plans to optimize and right-size its manufacturing footprint to align capacity with its long-term outlook and pursue efficiencies to expand gross margin and operating cash flows. source