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
6 questions for ON
Also covers: ADI, AIP, ALAB +18 more
JB
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
VA
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
HK
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
CD
Christopher Danely
Citigroup Inc.
4 questions for ON
Also covers: ADI, MCHP, MU +2 more
QB
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
HS
Harlan Sur
JPMorgan Chase & Co.
3 questions for ON
Also covers: ADI, ALAB, AMAT +15 more
JS
Jim Schneider
Goldman Sachs
3 questions for ON
Also covers: ACN, ADI, AMT +23 more
CD
Chris Danely
Citi
2 questions for ON
Also covers: MCHP, MU
JM
Joe Moore
Morgan Stanley
2 questions for ON
Also covers: ADI, AMBA, AMD +8 more
JQ
Joe Quattrocchi
Wells Fargo & Company
2 questions for ON
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: AOSL, AP, BDC +18 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 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
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.
Dec 2, 2025, 4:35 PM
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.
Dec 2, 2025, 4:35 PM
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
Quarterly earnings call transcripts for ON SEMICONDUCTOR.
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