Nov 2, 4:15 PM ET
ON Semiconductor Corporation reported third quarter 2026 revenue of $1,722.3 million and GAAP diluted earnings per share of $0.79, alongside non-GAAP diluted earnings per share of $0.90. The company also announced revised terms for its planned acquisition of Synaptics for approximately $5.7 billion in cash and provided its fourth quarter 2026 revenue outlook between $1,715 million and $1,815 million. These financial results and strategic developments provide shareholders with updated visibility into core operating margins and ongoing portfolio expansion.
- Third quarter 2026 revenue reached $1,722.3 million, an 11% increase year-over-year.
- GAAP diluted earnings per share were $0.79 and non-GAAP diluted earnings per share were $0.90 for the quarter ended October 2, 2026.
- Revised terms for the planned acquisition of Synaptics were announced for approximately $5.7 billion in cash.
- Fourth quarter 2026 revenue is projected to be between $1,715 million and $1,815 million.
Read the filing on SEC.gov ↗
Nov 2, 4:15 PM ET
onsemi said its subsidiary agreed on November 2, 2026 to acquire Ferric, Inc., an integrated voltage regulator technology company, through a merger in which Ferric becomes a wholly-owned subsidiary. The deal is funded with cash on hand and is expected to close in the fourth quarter of 2026, subject to closing conditions including U.S. antitrust review. onsemi also raised its 2030 AI data center revenue target by $500 million, to greater than $3 billion, and said it expects no meaningful near-term financial impact from the transaction.
- Cash consideration of $600 million at closing, subject to customary purchase price adjustments
- Up to $175 million in additional cash payable on achievement of specified revenue milestones
- 2030 AI data center revenue target raised by $500 million to greater than $3 billion
- Expected to close in the fourth quarter of 2026; onsemi expects no meaningful near-term financial impact
Read the filing on SEC.gov ↗
Oct 1, 5:10 PM ET
onsemi, Synaptics and Merger Sub signed an Amended and Restated Merger Agreement on October 1, 2026, after Synaptics received an unsolicited proposal from a third party. The revised deal is all-cash at $123 per share, with an aggregate value of about $5.7 billion versus about $7 billion under the prior agreement. onsemi says the transaction is now expected to be immediately accretive to non-GAAP earnings per share upon closing.
- Merger consideration revised to $123 per share in cash; aggregate value about $5.7 billion, down from about $7 billion under the June 25, 2026 agreement.
- Morgan Stanley Senior Funding, Inc. committed up to $2.45 billion of senior secured term loan under a commitment letter dated October 1, 2026.
- onsemi expects the deal to be immediately accretive to non-GAAP EPS; the transaction is expected to close by mid-2027, subject to Synaptics shareholder approval and regulatory approvals.
- The Federal Trade Commission has approved the transaction; regulators in other jurisdictions are still reviewing it.
Read the filing on SEC.gov ↗
Aug 3, 4:54 PM ET
onsemi reported second-quarter 2026 revenue of $1,603.5 million, up 9% from a year earlier, with GAAP net income attributable to the company of $226.8 million versus $170.3 million in the second quarter of 2025. It also guided third-quarter 2026 revenue to $1,650 million to $1,750 million and GAAP diluted EPS to $0.79 to $0.91, and repurchased $332 million of shares in the quarter.
- Q2 2026 revenue of $1,603.5 million, up 9% year over year and up from $1,513.3 million in Q1 2026
- GAAP diluted EPS of $0.56 versus $0.41 in Q2 2025; non-GAAP diluted EPS of $0.74
- Q3 2026 outlook: revenue of $1,650 million to $1,750 million and GAAP diluted EPS of $0.79 to $0.91
- Free cash flow of $425.4 million and share repurchases of $332 million in the quarter
Read the filing on SEC.gov ↗
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