Quarterly ResultAug 3, 2026, 04:59 PM
onsemi Q2 Revenue $1.60B, EPS $0.74; FCF Quadruples
AI Summary
onsemi reported strong second-quarter 2026 results, exceeding guidance with revenue of $1.60 billion, a 9% year-over-year increase, and non-GAAP diluted EPS of $0.74, growing four times faster than revenue. The company saw significant growth in AI-driven applications, with AI data center revenue expected to more than double in 2026. Strategic initiatives included the planned acquisition of Synaptics and the launch of its GaNEXUS power portfolio, alongside providing an optimistic Q3 2026 outlook.
Key Highlights
- Q2 2026 revenue reached $1.60 billion, a 9% increase year-over-year.
- Non-GAAP diluted EPS was $0.74, up from $0.53 in Q2 2025.
- Free cash flow quadrupled year-over-year to $425.4 million.
- Announced planned acquisition of Synaptics to expand connected compute capabilities.
- AI data center revenue is expected to more than double in 2026.
- Power Solutions Group (PSG) revenue grew 19% year-over-year to $829.0 million.
- Q3 2026 revenue guidance is $1.65 billion to $1.75 billion.
- Q3 2026 non-GAAP diluted EPS guidance is $0.81 to $0.93.
Price Impact
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