Earnings summaries and quarterly performance for ON SEMICONDUCTOR.
Executive leadership at ON SEMICONDUCTOR.
Hassane El-Khoury
Detailed
President and Chief Executive Officer
CEO
PD
Paul Dutton
Detailed
Senior Vice President, Chief Legal Officer and Secretary
SK
Simon Keeton
Detailed
Group President, Power Solutions Group
SG
Sudhir Gopalswamy
Detailed
Group President, Analog and Mixed-Signal Group and Intelligent Sensing Group
TT
Thad Trent
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
Board of directors at ON SEMICONDUCTOR.
Research analysts who have asked questions during ON SEMICONDUCTOR earnings calls.
BC
Blayne Curtis
Jefferies Financial Group
8 questions for ON
Also covers: ADI, AIP, ALAB +20 more
JB
Joshua Buchalter
TD Cowen
8 questions for ON
Also covers: ADI, AIP, ALGM +15 more
Ross Seymore
Deutsche Bank
8 questions for ON
Also covers: ADI, ALAB, AMBA +15 more
VA
Vivek Arya
Bank of America Corporation
8 questions for ON
Also covers: ADI, ALAB, ALGM +25 more
Christopher Rolland
Susquehanna Financial Group
7 questions for ON
Also covers: ADI, AMBA, AVGO +20 more
Gary Mobley
Loop Capital
7 questions for ON
Also covers: ALGM, CDNS, CRUS +9 more
HK
Harsh Kumar
Piper Sandler & Co.
7 questions for ON
Also covers: ADI, AMD, AVGO +10 more
QB
Quinn Bolton
Needham & Company, LLC
6 questions for ON
Also covers: ALAB, ALGM, AMBA +22 more
Vijay Rakesh
Mizuho
6 questions for ON
Also covers: ALGM, ALV, AMAT +19 more
Tore Svanberg
Stifel Financial Corp.
5 questions for ON
Also covers: ADI, ALAB, AMBA +15 more
CD
Christopher Danely
Citigroup Inc.
4 questions for ON
Also covers: ADI, MCHP, MU +2 more
JM
Joe Moore
Morgan Stanley
4 questions for ON
Also covers: ADI, AEVA, ALAB +13 more
HS
Harlan Sur
JPMorgan Chase & Co.
3 questions for ON
Also covers: ADI, ALAB, AMAT +16 more
JS
Jim Schneider
Goldman Sachs
3 questions for ON
Also covers: ACN, ADI, AMAT +31 more
CC
Chris Caso
Wolfe Research LLC
2 questions for ON
Also covers: ADI, ALGM, AMAT +13 more
CD
Chris Danely
Citi
2 questions for ON
Also covers: MCHP, MU
Joe Quatrochi
Wells Fargo
2 questions for ON
Also covers: AEIS, ALGM, AMAT +13 more
JQ
Joe Quattrocchi
Wells Fargo & Company
2 questions for ON
Also covers: ARM, AVT, NXPI
TH
Toshiya Hari
Goldman Sachs Group, Inc.
2 questions for ON
Also covers: AMAT, AMD, AMKR +17 more
CC
Christopher Caso
Wolfe Research
1 question for ON
Also covers: ADI, ALGM, AMAT +16 more
CB
Clint Bolton
Needham & Company, LLC
1 question for ON
David Williams
The Benchmark Company
1 question for ON
Also covers: ALMU, AOSL, AP +20 more
JD
Jonathan Dorsheimer
William Blair & Company, L.L.C.
1 question for ON
Also covers: ACLS, AEHR, ENVX +1 more
Joseph Quatrochi
Wells Fargo Securities, LLC
1 question for ON
Also covers: AEIS, ALGM, AMAT +10 more
William Stein
Truist Securities
1 question for ON
Also covers: ADI, APH, ARW +14 more
Recent press releases and 8-K filings for ON.
ON Semiconductor reports Q4 2025 results
ON
Earnings
Guidance Update
Share Buyback
- Q4 revenue of $1.53 billion, non-GAAP gross margin of 38.2%, and non-GAAP EPS of $0.64, driven by strength in AI data center and seasonal recovery in automotive and industrial.
- Full-year 2025 revenue of $6 billion with non-GAAP gross margin of 38.4%, record free cash flow margin of 24% and free cash flow of $1.4 billion; returned 100% of free cash flow via share repurchases and announced a $6 billion buyback program.
- Q1 2026 guidance: revenue $1.44 – $1.54 billion, non-GAAP gross margin 37.5% – 39.5%, EPS $0.56 – $0.66, CapEx $35 – $45 million, and exit $50 million of non-core revenue.
- Continued investment in growth markets: AI data center revenue exceeded $250 million in 2025, Treo platform design funnel now over $1 billion, and over 30 new GaN devices slated for sampling across 40 V–1,200 V in 2026.
Feb 9, 2026, 10:00 PM
ON Semiconductor reports Q4 2025 results
ON
Earnings
Guidance Update
Share Buyback
- ON Semiconductor delivered $6.0 B in 2025 revenue with non-GAAP gross margin of 38.4%.
- Q4 2025 revenue was $1.53 B, with non-GAAP gross margin of 38.2% and EPS of $0.64, above midpoint of guidance.
- Q4 segment detail: Automotive $798 M (+1% QoQ), Industrial $442 M (+4% QoQ); business unit revenue: PSG $724 M, AMG $556 M, ISG $250 M.
- Free cash flow for 2025 was $1.4 B (24% of revenue); Q4 share repurchases of $450 M, and a new $6 B buyback program announced.
- Q1 2026 guidance: revenue $1.44–$1.54 B and non-GAAP gross margin 37.5%–39.5%, including ~$50 M of non-core exits.
Feb 9, 2026, 10:00 PM
ON Semiconductor reports Q4 2025 results
ON
Earnings
Guidance Update
Share Buyback
- ON reported revenue of $1.53 billion, non-GAAP gross margin of 38.2%, and non-GAAP EPS of $0.64 in Q4, all above the midpoint of guidance.
- Automotive revenue reached $798 million (+1% QoQ), industrial was $442 million (+4% QoQ; +6% YoY), while the “other” category declined 14% QoQ; AI data center contributed $250 million in revenue for 2025.
- Delivered record free cash flow margin of 24% ($1.4 billion), returned ~100% to shareholders via share repurchases, and announced a new $6 billion buyback program after deploying $2.6 billion under the prior authorization.
- Executed FabRight actions, reducing fab capacity by 12% in 2025, expected to lower 2026 depreciation by $45–50 million and drive margin expansion; utilization was 68% in Q4 and is forecast to rise to the low-70% range in Q1 2026.
- Q1 2026 non-GAAP guidance: revenue $1.44–1.54 billion, gross margin 37.5–39.5%, EPS $0.56–0.66, and capex $35–45 million.
Feb 9, 2026, 10:00 PM
onsemi reports Q4 and full year 2025 results
ON
Earnings
Share Buyback
Guidance Update
- Q4 2025 revenue was $1.53 B; GAAP operating margin was 13.1% (non-GAAP 19.8%), with GAAP EPS of $0.45 and non-GAAP EPS of $0.64
- Fiscal 2025 generated $1.4 B of free cash flow on a 24% margin, returning 100% of annual free cash flow to shareholders via share repurchases
- Board authorized a new share repurchase program of up to $6 B over the next three years
- Introduced vertical GaN power semiconductors and signed agreements with Innoscience and GlobalFoundries to expand GaN device production
- Q1 2026 outlook set revenue at $1.435–$1.535 B and non-GAAP EPS at $0.56–$0.66
Feb 9, 2026, 9:21 PM
onsemi reports Q4 2025 and full-year 2025 results
ON
Earnings
Guidance Update
Share Buyback
- Q4 revenue was $1,530.1 million, down 11% year-over-year, and full-year 2025 revenue was $5,995.4 million, down 15% year-over-year.
- Q4 GAAP gross margin was 36.0% (non-GAAP 38.2%) and Q4 GAAP operating margin was 13.1% (non-GAAP 19.8%).
- In 2025, onsemi generated $1.8 billion of operating cash flow and $1.4 billion of free cash flow (a record 24% free cash flow margin), returned 100% of free cash flow to shareholders, and authorized a $6 billion share repurchase program.
- Q1 2026 guidance calls for revenue of $1,435–1,535 million, GAAP gross margin of 37.4–39.4%, and non-GAAP EPS of $0.56–0.66.
Feb 9, 2026, 9:15 PM
ON Semiconductor partners with GlobalFoundries on advanced GaN power products
ON
New Projects/Investments
- The global RF-based VRU sensing market is estimated at $2 billion in 2024 and projected to reach $2.7–$3.0 billion by 2026, driven by stricter vehicle safety rules and rising urban traffic.
- On Semiconductor (NASDAQ: ON) signed a collaboration with GlobalFoundries to develop and manufacture 650 V GaN power devices using a 200 mm eMode GaN-on-silicon process, targeting AI data centers, EVs, renewable energy, and aerospace applications.
- The partnership aims to begin customer sampling in H1 2026 and rapidly scale to volume production, expanding onsemi’s high-voltage portfolio for high-growth markets.
- RF-based VRU sensing platforms are positioned for long-term growth, aligning with automotive safety regulations, smart city initiatives, and intelligent transportation investments.
Feb 6, 2026, 2:15 PM
ON Semiconductor outlines stabilization and growth initiatives
ON
Share Buyback
New Projects/Investments
- Channel and on-balance-sheet inventories are expected to complete their burn by the end of the current quarter, with both industrial and automotive end markets stabilizing, marking an initial step toward recovery.
- Factory utilization stands at 74%, supported by capacity optimizations; utilization is set to track any market recovery in early-mid 2026, driving gross margin upside.
- The board approved a $6 billion share repurchase program over three years and will return 100% of free cash flow after funding internal investments, with net leverage near zero.
- Positioned as one of only two suppliers capable of 800 V power conversion for AI data centers (alongside Infineon) and advancing 1 200 V vertical GaN-on-GaN devices, reinforcing its silicon carbide and GaN leadership.
- November 2024’s 65 nm BCD mixed-signal Treo platform is ahead of schedule, with initial revenues in 1H 2025, a design funnel supporting $1 billion in sales by 2030, and 60–70% gross margins.
Dec 9, 2025, 2:00 PM
ON Semiconductor outlines market outlook and growth initiatives at Nasdaq Investor Conference
ON
Share Buyback
New Projects/Investments
Demand Weakening
- ON Semi reports stabilization in industrial and automotive end-markets, expects to complete inventory burn by quarter-end and initiate a replenishment cycle thereafter.
- Factory utilization at approximately 74%, with each 1% utilization increase adding 25–30 bps to gross margin; capacity will be closely matched to market recovery, driving margin gains in H2 2026.
- Exited low-margin, China-competing product lines to focus on high-value Western-grade semiconductors; pricing remains stable in low single-digit range, offset by internal cost reductions.
- Advancing silicon carbide and GaN portfolios via in-house SiC substrate, Innoscience partnership for GaN, and the Treo 65 nm BCD platform targeting automotive, industrial and 800 V AI data-center applications.
- Capital allocation priorities include a $6 B share repurchase authorization over three years and returning 100% of free cash flow, following completion of major SiC and 300 mm fab investments.
Dec 9, 2025, 2:00 PM
ON Semiconductor outlines inventory stabilization, silicon carbide and GaN strategies, and $6B buyback
ON
Share Buyback
Product Launch
New Projects/Investments
- ON expects to complete its channel and balance sheet inventory burn by end of this quarter, noting stabilization in industrial and automotive markets as the first step toward recovery.
- Customer lead times remain ~14 weeks, with booking improvements driven by firms placing backlog to avoid potential allocations.
- Demand for silicon carbide is broadening beyond EVs to plug-in hybrids, microgrids, and data-center UPS, with ON and Infineon uniquely positioned for 800 V solutions, and ON’s SiC JFET offering differentiating its portfolio.
- ON announced a vertical GaN-on-GaN platform up to 1,200 V and a partnership with Innoscience to combine GaN technology with ON’s drivers and packaging for enhanced supply resilience.
- Management revealed a $6 billion share repurchase authorization over three years, committing to return 100% of free cash flow post-investment while retaining flexibility for M&A.
Dec 9, 2025, 2:00 PM
ON Semiconductor outlines demand outlook and margin drivers at UBS 2025 conference
ON
Demand Weakening
Product Launch
M&A
- Demand has stabilized post inventory drawdown, leaving on-balance sheet and channel inventories at low levels, and a replenishment cycle into normal seasonality is anticipated.
- Industry pricing remains in low single digits throughout the year, with staggered adjustments rather than a sharp change at the turn of the year.
- ON Semi gained silicon carbide market share in North America and China in 2025 and expects further share gains in 2026.
- Gross margin improves ~25–30 bps per utilization point, plus $45–50 million depreciation benefit from capacity impairments and Fab Right initiatives, supporting a >50% long-term gross margin, with 2026 margin largely tied to utilization ramp.
- The Treo power platform has shipped over 5 million units, is on track for $1 billion revenue by 2030, and is being adopted across industrial, automotive, and medical end markets.
Dec 2, 2025, 4:35 PM
Quarterly earnings call transcripts for ON SEMICONDUCTOR.
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