ON Semiconductor Corporation filed its Form 10-Q for the quarterly period ended October 2, 2026, reporting third-quarter revenue of $1,722.3 million and net income attributable to the company of $313.9 million.
Key Highlights
- Quarterly revenue: $1,722.3 million for the quarter ended October 2, 2026, compared to $1,550.9 million in the prior-year quarter.
- Quarterly net income: $313.9 million attributable to ON Semiconductor Corporation, versus $255.0 million in the same quarter of 2025.
- Diluted EPS: $0.79 per share for the quarter ended October 2, 2026, compared to $0.63 in the prior-year quarter.
- Nine-month net income: $507.3 million attributable to the company for the nine months ended October 2, 2026, compared to a net loss of $60.8 million for the nine months ended October 3, 2025.
- Cash and cash equivalents: $4,157.7 million as of October 2, 2026, up from $2,147.6 million at December 31, 2025.
- Shares outstanding: 389,284,489 shares of common stock outstanding as of October 28, 2026.
- Treasury stock: 238,001,586 shares held at cost of $6,813.3 million as of October 2, 2026.
ON Semiconductor's Third-Quarter 2026 Financial Results
According to the filing, ON Semiconductor Corporation (NASDAQ:ON) reported revenue of $1,722.3 million for the quarter ended October 2, 2026, an increase from $1,550.9 million reported for the quarter ended October 3, 2025. Gross profit for the quarter was $713.0 million, compared to $587.2 million in the prior-year quarter. Operating income for the quarter was $378.3 million, versus $264.4 million a year earlier. Total operating expenses for the quarter were $334.7 million, including restructuring, asset impairments and other charges of $4.6 million.
For the nine months ended October 2, 2026, the company disclosed revenue of $4,839.1 million and operating income of $583.5 million, compared to revenue of $4,465.3 million and an operating loss of $115.9 million for the nine months ended October 3, 2025. The nine-month period also included restructuring, asset impairments and other charges of $375.1 million, according to the filing. Net income attributable to ON Semiconductor Corporation for the nine months was $507.3 million, reversing a net loss of $60.8 million in the comparable prior-year period.
The consolidated balance sheet as of October 2, 2026 reflected total assets of $13,931.3 million and total liabilities of $6,349.9 million, the filing stated. Long-term debt stood at $3,660.2 million, and the current portion of long-term debt was $802.8 million, compared to zero at December 31, 2025. Total stockholders' equity attributable to ON Semiconductor Corporation was $7,561.1 million as of October 2, 2026, versus $7,673.3 million at December 31, 2025. The company's inventories increased to $2,069.7 million from $1,989.6 million at year-end 2025.
What Was Disclosed
ON Semiconductor filed a quarterly report covering the period ended October 2, 2026, disclosing revenue of $1,722.3 million, net income of $313.9 million, cash of $4,157.7 million, and total assets of $13,931.3 million for the third quarter, along with year-to-date financial results and balance sheet data.



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