Earnings summaries and quarterly performance for ON SEMICONDUCTOR.
Executive leadership at ON SEMICONDUCTOR.
Hassane El-Khoury
Detailed
President and Chief Executive Officer
CEO
Paul Dutton
Detailed
Senior Vice President, Chief Legal Officer and Secretary
Simon Keeton
Detailed
Group President, Power Solutions Group
Sudhir Gopalswamy
Detailed
Group President, Analog and Mixed-Signal Group and Intelligent Sensing Group
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.
Blayne Curtis
Jefferies Financial Group
6 questions for ON
Also covers: ADI, AIP, ALAB +18 more
Joshua Buchalter
TD Cowen
6 questions for ON
Also covers: ADI, AIP, ALGM +15 more
Ross Seymore
Deutsche Bank
6 questions for ON
Also covers: ADI, ALAB, AMBA +14 more
Vivek Arya
Bank of America Corporation
6 questions for ON
Also covers: ADI, ALGM, AMAT +23 more
Christopher Rolland
Susquehanna Financial Group
5 questions for ON
Also covers: ADI, AMBA, AVGO +18 more
Gary Mobley
Loop Capital
5 questions for ON
Also covers: ALGM, CDNS, CRUS +7 more
Harsh Kumar
Piper Sandler & Co.
5 questions for ON
Also covers: ADI, AMD, AVGO +10 more
Tore Svanberg
Stifel Financial Corp.
5 questions for ON
Also covers: ADI, ALAB, AMBA +14 more
Christopher Danely
Citigroup Inc.
4 questions for ON
Also covers: ADI, MCHP, MU +2 more
Quinn Bolton
Needham & Company, LLC
4 questions for ON
Also covers: ALAB, ALGM, AMBA +22 more
Vijay Rakesh
Mizuho
4 questions for ON
Also covers: ALGM, ALV, AMAT +16 more
Harlan Sur
JPMorgan Chase & Co.
3 questions for ON
Also covers: ADI, ALAB, AMAT +15 more
Jim Schneider
Goldman Sachs
3 questions for ON
Also covers: ACN, ADI, AMT +23 more
Chris Danely
Citi
2 questions for ON
Also covers: MCHP, MU
Joe Moore
Morgan Stanley
2 questions for ON
Also covers: ADI, AMBA, AMD +7 more
Joe Quattrocchi
Wells Fargo & Company
2 questions for ON
Toshiya Hari
Goldman Sachs Group, Inc.
2 questions for ON
Also covers: AMAT, AMD, AMKR +17 more
Christopher Caso
Wolfe Research
1 question for ON
Also covers: ADI, ALGM, AMAT +16 more
Clint Bolton
Needham & Company, LLC
1 question for ON
David Williams
The Benchmark Company
1 question for ON
Also covers: AOSL, AP, BDC +18 more
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 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.
4 days ago
ON Semiconductor Sees Demand Stabilization and Margin Upside at UBS Conference
ON
- Demand environment stabilized, with inventory drawdown mostly behind and a potential “double positive” ahead as customers begin replenishment, supporting a return to normal seasonality.
- Industry pricing remains in low single digits of decline, applied staggeredly throughout the year.
- Silicon carbide is now part of the core portfolio, with ON Semiconductor gaining market share in North America and China and expecting further share gains into 2026.
- Gross margin could improve by 650–700 bps as utilization rises from 74% toward low-90% levels, plus an additional ~100 bps from recent impairments and ~400 bps from mix and Fab Right initiatives, with a long-term target above 50%.
- The Treo power platform has already shipped over 5 million units, is ramping rapidly across industrial, automotive, and medical markets, and remains on track for $1 billion in revenue by 2030.
4 days ago
ON Semiconductor discusses demand stabilization and strategic growth drivers
ON
Guidance Update
New Projects/Investments
- Demand stabilized with inventory drawdown largely complete; company expects a two-phase benefit from inventory replenishment and subsequent demand recovery to drive capacity utilization and margin expansion.
- Industry-wide low single-digit pricing is expected throughout the year, with ON’s operational improvements positioned to capture margin expansion after a two-quarter lag as utilization rises.
- Fab Right initiatives include taking 12% of capacity offline in Q1 2026 and are projected to deliver 650–700 bps of gross margin improvement from higher utilization and depreciation benefits.
- Strategic portfolio advancements: Treo platform shipments have exceeded 5 million units, targeting $1 billion in revenue by 2030 , and vertical GaN sampling addresses a complementary $2–3 billion high-voltage, high-frequency market.
- Exit of non-core operations will reduce
5% of 2025 revenue ($300 million) in 2026 , while OpEx is set to remain stable against growing revenue, offering significant operating leverage into 2027.
4 days ago
ON Semiconductor approves $200–300 M manufacturing asset impairments
ON
Accounting Changes
Guidance Update
- On November 13, 2025, ON Semiconductor approved pre-tax non-cash impairment and accelerated depreciation charges of $200–300 million related to its manufacturing assets.
- These charges are expected to reduce recurring depreciation expense by $10–15 million in 2026.
- Most impairments will be recorded by the end of Q2 2026, with no material future cash expenditures anticipated.
Nov 17, 2025, 9:47 PM
onsemi reports Q3 2025 results
ON
Earnings
Guidance Update
Share Buyback
- onsemi reported $1,550.9 million in third-quarter revenue and 37.9% GAAP gross margin (38.0% non-GAAP).
- GAAP operating margin was 17.0% and GAAP diluted EPS was $0.63 (non-GAAP operating margin 19.2%; non-GAAP diluted EPS $0.63).
- Cash from operations reached $418.7 million and free cash flow was $372.4 million (up 22% year-over-year), with year-to-date share repurchases of $925 million (~100% of FCF).
- Q4 2025 outlook calls for revenue of $1,480 million to $1,580 million, GAAP gross margin of 36.9% to 38.9%, and GAAP EPS of $0.56 to $0.66.
Nov 3, 2025, 2:22 PM
ON Semiconductor reports Q3 2025 results
ON
Earnings
Guidance Update
Share Buyback
- Revenue of $1.55 billion, non-GAAP gross margin of 38%, and EPS of $0.63, representing a 6% sequential increase; automotive revenue grew 7% and industrial grew 5% sequentially, with AI revenue doubling year-over-year.
- Q4 guidance: revenue of $1.48 billion–$1.58 billion, non-GAAP EPS of $0.57–$0.67, and gross margin expected at 37%–39%.
- Year-to-date $925 million of share repurchases (including $325 million in Q3), returning approximately 100% of free cash flow; total liquidity of $4 billion.
- Advancing innovation: launched vertical GaN (VGAN) platform in Syracuse fab and acquired VCORE power technology to bolster the Trail platform for next-generation AI and automotive applications.
Nov 3, 2025, 2:00 PM
onsemi reports Q3 2025 results
ON
Earnings
Guidance Update
M&A
- onsemi delivered $1.55 billion Q3 revenue, 38% non-GAAP gross margin, and $0.63 EPS, exceeding guidance midpoint.
- Automotive (+7%) and Industrial (+5%) sequential revenue growth; AI revenue doubled YoY, targeting $250 million in 2025.
- Year-to-date $925 million share repurchases, $372 million free cash flow, with $2.9 billion cash and $4 billion total liquidity.
- Q4 guidance: $1.48–$1.58 billion revenue, 37–39% non-GAAP gross margin, $0.57–$0.67 EPS, and $20–$40 million capex.
- Advanced its roadmap by launching a vertical GaN platform and acquiring VCORE power technology to bolster AI and automotive offerings.
Nov 3, 2025, 2:00 PM
ON Semiconductor reports Q3 2025 results
ON
Earnings
Guidance Update
M&A
- In Q3 2025, ON Semiconductor delivered $1.55 billion in revenue, 38% non-GAAP gross margin, and $0.63 non-GAAP EPS.
- The company expects Q4 revenue of $1.48 billion–$1.58 billion and non-GAAP EPS of $0.57–$0.67.
- Demand stabilized with 7% sequential automotive growth and 5% industrial growth; AI revenue doubled YoY and is on track for ~$250 million in 2025.
- Generated $372 million free cash flow in Q3, repurchased $325 million of shares in the quarter and $925 million YTD.
- Advanced strategic initiatives, including Trail platform design funnel > $1 billion, launch of vertical GaN (VGAN), and acquisition of VCORE power technology assets.
Nov 3, 2025, 2:00 PM
onsemi Reports Q3 2025 Earnings
ON
Earnings
Share Buyback
- onsemi reported revenue of $1,550.9 million for Q3 2025, down 12% year-over-year.
- GAAP gross margin was 37.9% (non-GAAP 38.0%), and GAAP operating margin was 17.0% (non-GAAP 19.2%).
- Both GAAP and non-GAAP diluted EPS were $0.63 in the quarter.
- Cash from operations totaled $418.7 million, and free cash flow was $372.4 million (24% of revenue, up 22% YoY).
- Year-to-date share repurchases reached $925 million, approximately 100% of free cash flow.
Nov 3, 2025, 1:05 PM
onsemi unveils vertical GaN semiconductors
ON
Product Launch
- onsemi introduces vertical GaN (vGaN) power semiconductors, benchmarking power density, efficiency and ruggedness for AI data centers, EVs, renewable energy and aerospace applications.
- vGaN devices conduct current vertically, supporting up to 1,200V and faster switching to cut energy losses by ~50%, enabling smaller, lighter systems.
- Developed at onsemi’s Syracuse, NY fab with 130+ patents, and sampling 700V and 1,200V vGaN devices to early-access customers.
Oct 30, 2025, 10:00 AM
Quarterly earnings call transcripts for ON SEMICONDUCTOR.
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