ON Semiconductor Corporation Earnings Recaps
Q1 2026
May 5, 2026
ON Semiconductor’s shares declined modestly by 0.3% following Q1 results, reflecting a market assessment of largely in-line execution without significant surprises in guidance or outlook.
Key takeaways
- Q1 revenue reached $1.51 billion, and non-GAAP EPS was $0.64, both near the midpoint of guidance.
- Gross margin expanded sequentially to 38.5%, marking the third consecutive quarter of improvement.
- AI data center revenue grew more than 30% sequentially, indicating strong momentum in this high-growth segment.
- Automotive revenue in China grew year over year despite a 6% decline in the domestic passenger vehicle market.
- The company maintains a cautious outlook with no explicit upgrades or cuts to guidance, consistent with a view that the recovery cycle has bottomed.
Q3 2025
Nov 5, 2025
onsemi delivered a strong Q3 2025, exceeding revenue expectations with $1.55 billion, a non-GAAP gross margin of 38%, and EPS of $0.63 while positioning for future growth in AI and power efficiency.
Key takeaways
- Revenue grew by 7% sequentially in Automotive and 5% in Industrial, indicating positive market stabilization.
- AI-related revenue doubled year-over-year, driven by a significant increase in customer demand, with expectations to reach nearly $250 million by 2025.
- The launch of the vGaN platform enhances onsemi’s capabilities in high-efficiency power delivery, targeting sectors such as AI data centers and electric vehicles.
- Strategic acquisitions, including Vcore, bolster the company's advanced analog and mixed-signal portfolio and support next-generation AI deployments.