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ON Semiconductor ON Q2 2026 earnings

Reported August 3, 2026 · After market close

Revenue$1.6BBeat by $14.5M
Adjusted EPS$0.74Beat by $0.03
Revenue estimate$1.6B
EPS estimate$0.72
“We delivered revenue, gross margin and earnings per share above the midpoint of guidance, reflecting strengthening demand, particularly across AI-driven applications, and growing customer adoption of our differentiated solutions, including Treo and our high voltage power solutions. AI data center remains our fastest-growing business, and we now expect revenue to more than double in 2026, demonstrating the strength of our intelligent power portfolio and growing customer adoption across the power tree.”
Hassane El-Khoury

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Nov 2, 2026 (in 2 months)
Revenue estimate$1.7B
EPS estimate$0.90

Financials

Q2 2026

Income statement

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Revenue$1.6B+9.2%
Gross profit$616.3M+11.7%
Operating income$258.6M+33.7%
Net income$226.8M+33.2%
EPS (diluted)$0.79+92.7%

Balance sheet

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Cash & equivalents$3.5B+39.1%
Total debt$3.7B+1.2%
Total equity$7.2B-8.8%
Total assets$13.5B+2.7%

Cash flow

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Operating cash flow$459.7M+149%
CapEx-$34.3M-144%
Free cash flow$425.4M+301%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$28.51B+36.0%
Enterprise value$28.67B+29.9%
P/E45.2×+0.2×
P/S4.6×+1.3×

Profitability

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Gross margin37.7%-0.2pp
Operating margin10.8%+3.4pp
Net margin10.2%+2.9pp
FCF margin24.2%+4.1pp

Returns & leverage

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Return on equity8.3%+2.6pp
Debt / equity0.5×+0.1×
Current ratio3.5×-1.6×

Segments

By segment

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AMG$545.7M-1.8%

FAQ

When did ON Semiconductor report Q2 2026 earnings?
ON Semiconductor (ON) reported Q2 2026 earnings on August 3, 2026 after market close.
What were ON Semiconductor's Q2 2026 revenue and EPS?
ON Semiconductor reported revenue of $1.6B and adjusted eps of $0.74 for Q2 2026.
Did ON Semiconductor beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.6B by $14.5M. EPS beat the consensus estimate of $0.71 by $0.03.
How did ON Semiconductor's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.2% from $1.5B a year earlier.
Where can I find ON Semiconductor's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001140361-26-030989) and the 10-Q periodic report (0001097864-26-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.