ON · 10-Q · 2026Q4

ON SEMICONDUCTOR CORP

Filed 2026-11-02 · Technology · View original filing on EDGAR

Everything ON's SEC filings said, ranked

Ranked Events

• Acquisition / Partnership / DivestitureImportance 75 · Surprise 60
  On June 25, 2026, onsemi agreed to acquire Synaptics, revising the cash consideration to $123.00 per share in an amended agreement dated October 1, 2026. The acquisition is anticipated to close in mid-2027, subject to…
• Customer DynamicsImportance 59 · Surprise 48
  A single distributor was the only customer whose revenue accounted for at least 10% of total revenue. Its share increased to approximately 15% in the quarter from 12% a year earlier, and to 14% for the nine months from…
• Liquidity and Cash PositionImportance 55 · Surprise 14
  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…
• Revenue Performance and MixImportance 53 · Surprise 40
  Quarterly revenue increased 11% year over year to $1,722.3 million, while nine-month revenue rose 8% to $4,839.1 million. PSG revenue increased 21% in the quarter and 18% for nine months, including nine-month AI data…
• Income Tax Rate ChangesImportance 48 · Surprise 64
  The quarterly income tax provision increased to $84.9 million from $17.7 million, and the effective tax rate rose to 21.3% from 6.5%. For the nine months, onsemi recorded a $116.6 million tax provision compared with a…
• Geographic Revenue ShiftImportance 48 · Surprise 48
  Quarterly revenue billed from Hong Kong increased to $567.8 million from $424.9 million, and its share of total revenue rose to 33.0% from 27.4%. Singapore revenue grew to $436.9 million from $320.1 million, with its…
• Gross Margin DriversImportance 43 · Surprise 32
  Quarterly gross margin increased 3.5 percentage points to 41.4%, as higher revenue, improved manufacturing utilization and favorable product mix outweighed higher prices for certain manufacturing inputs. Nine-month…
• Customer Revenue ConcentrationImportance 43 · Surprise 32
  One distributor accounted for approximately 15% of total revenue in the quarter ended October 2, 2026, compared with 12% in the year-earlier quarter. For the nine months ended October 2, 2026, that distributor…
• Capital Expenditure OutlookImportance 42 · Surprise 24
  onsemi reported capital expenditures of approximately 2% of revenue for the nine months ended October 2, 2026. Management expects annualized capital expenditures to be approximately 2–3% of revenue for the year ended…
• Operating Expense TrendsImportance 41 · Surprise 40
  Nine-month general and administrative expense increased 14% to $299.1 million from $262.9 million, primarily due to third-party costs for the proposed Synaptics acquisition and increased variable compensation.…
• Manufacturing and CapacityImportance 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…
• Geographic Market CommentaryImportance null · Surprise 30
  Revenue by billed location increased substantially in Hong Kong and Singapore in the quarter, to $567.8 million and $436.9 million, respectively, from $424.9 million and $320.1 million a year earlier. The United States…
• End-Market Demand TrendsImportance null · Surprise 40
  Quarterly revenue increased approximately 11% year over year, driven by higher demand in industrial, AI data center and other end-markets, partly offset by lower automotive sales after supply was reallocated to…
• AI Infrastructure DemandImportance null · Surprise 64
  Onsemi identifies AI data centers as a high-growth end-market, with intelligent power technologies addressing power density and energy efficiency across the power tree from the grid to the core. In the quarter, AI data…
• Debt and Liquidity PositionImportance null · Surprise 50
  Onsemi issued $1.5 billion aggregate principal amount of 2031 0% Notes during the nine months ended October 2, 2026, contributing to $650.5 million of financing cash flow. Average gross long-term debt for the…
• Capital Return ProgramImportance null · Surprise 24
  Onsemi repurchased approximately 0.3 million shares for $19.9 million during the quarter ended October 2, 2026. For the nine months ended October 2, 2026, repurchases totaled approximately 9.1 million shares for $703.2…
• Restructuring and HeadcountImportance null · Surprise 42
  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…

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Revenue by Geography (in millions)