Quarterly ResultAug 3, 2026, 04:08 PM
onsemi Q2 Revenue $1.60B, EPS $0.74; Plans Synaptics Acquisition
AI Summary
onsemi announced strong second-quarter 2026 results, with revenue reaching $1,604 million, a 9% year-over-year increase, and non-GAAP diluted EPS of $0.74, exceeding guidance. The company also highlighted a planned acquisition of Synaptics to expand its connected compute capabilities. Free cash flow quadrupled year-over-year to $425.4 million, and onsemi provided a positive outlook for Q3 2026.
Key Highlights
- Planned acquisition of Synaptics announced to expand connected compute capabilities.
- Q2 2026 revenue was $1,604 million, increasing 9% year-over-year.
- Non-GAAP diluted earnings per share reached $0.74, exceeding guidance midpoint.
- Free cash flow quadrupled year-over-year to $425.4 million.
- AI data center revenue is expected to more than double in 2026.
- Q3 2026 revenue outlook is projected between $1,650 million and $1,750 million.
- The company repurchased $332 million in shares during the quarter.
Price Impact
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