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ON · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 9.2% y/y to $1.60B, operating margin 16.1% vs 13.2%, net income $227M (+33.2% y/y).
Net income (loss) attributable to ON Semiconductor Corporation
$227M
up 33.2% y/y
Revenue
$1,604M
up 9.2% y/y
Operating income (loss)
$259M
up 33.7% y/y
Gross profit
$616M
up 11.7% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenue | $1,604 · +9.2% |
| Cost of revenue | $987 · +7.7% |
| Gross profit | $616 · +11.7% · 38.4% margin |
| Research and development | $141 · −2.1% |
| Selling and marketing | $63.3 · +0.0% |
| General and administrative | $102 · +11.7% |
| Amortization of intangible assets | $10.5 · −4.5% |
| Restructuring, asset impairments and other, net | $41.2 · −16.3% |
| Operating income (loss) | $259 · +33.7% · 16.1% margin |
| Interest expense | $13.7 · −23.5% |
| Interest income | $17.4 · −31.0% |
| Other income | $8.6 · +473% |
| Income (loss) before income taxes | $271 · +34.0% |
| Provision for income taxes | $43.4 · +42.3% · 16.0% effective rate |
| Less: Net income attributable to non-controlling interest | $0.7 · −50.0% |
| Net income (loss) attributable to ON Semiconductor Corporation | $227 · +33.2% · $0.56/sh · 14.1% margin |
Verdict: revenue grew 9.2% y/y to $1.60B, operating margin 16.1% vs 13.2%, net income $227M (+33.2% y/y).
GAAP gross margin was 38.4% vs 37.6% a year earlier.
Source and notation
Source: ON Semiconductor press release, 8-K EX-99.1 of 08/03/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: ON, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “ON Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/on/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/on/q2-2026"><img src="https://whoreportstoday.com/t/on/q2-2026/sankey.png" alt="ON Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/on/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/on/q2-2026">ON Q2 2026 earnings chart (Who Reports Today)</a>
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- Free cash flow was $425.4 million, quadrupled year over year, and share repurchases were $332 million.
- Gross margin was 38.4% vs 37.6% a year earlier.
- Operating income was $259M, a 16.1% margin vs 13.2% a year earlier.
- The effective tax rate was 16.0% vs 15.1% a year earlier.
- Diluted EPS was $0.56 vs $0.41 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
ON — a semiconductor maker (onsemi) that designs and manufactures power, analog and sensing chips, mainly for automotive and industrial customers and for AI data centers, including silicon carbide power devices.
It reports three segments: the Power Solutions Group, the Analog and Mixed-Signal Group and the Intelligent Sensing Group (image sensors). · Source: annual report (Form 10-K, SEC)
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