Citable filing context
ON's research view summarizes recent SEC filing context, starting with acquisition from Oct 1, 2026.
| Filed | Item | Context |
|---|---|---|
| Oct 1, 2026 | acquisition | onsemi amended its agreement to acquire Synaptics for $123 per share in cash, supported by $2.45B in financing. |
| Aug 13, 2026 | acquisition | The FTC granted early termination of the HSR Act waiting period for ON Semiconductor's acquisition of Synaptics. |
| Aug 3, 2026 | earnings | onsemi reported Q2 2026 revenue of $1.604 billion, a 9% increase year-over-year. |
| Aug 3, 2026 | Guidance: diluted_eps | 0.79 to 0.91 |
| Aug 3, 2026 | Guidance: gross_margin | 39.90 to 41.90 |
| Aug 3, 2026 | Guidance: revenue | 1650.00 to 1750.00 |
| Aug 3, 2026 | mda_quarterly | Onsemi reported revenue of $1,603.5 million for the quarter ended July 3, 2026, a 9% year-over-year increase driven by broad-based demand across its automotive, industrial, and AI data center end-markets. The Power Solutions Group (PSG) remains the primary growth engine, with revenue rising 19% to $829.0 million, bolstered by increased demand for intelligent power technologies in electrified drivetrains and energy-efficient data center applications. Gross margin expanded to 38.4%, supported by improved manufacturing utilization and a favorable product mix. Strategic developments include a definitive agreement to acquire Synaptics Incorporated in an all-stock transaction expected to close in mid-2027. This acquisition aims to bolster onsemi’s portfolio, though it remains subject to regulatory approvals. Concurrently, the company is executing a multi-year manufacturing realignment program to optimize capacity, incurring $25 million in severance costs and significant non-cash impairment charges during the first half of 2026. Despite these restructuring efforts, the company maintains a strong liquidity position with $3.9 billion in cash and short-term investments. Onsemi continues to prioritize capital allocation through its share repurchase program, buying back $334.7 million in common stock during the quarter, while maintaining a disciplined approach to capital expenditures, which are projected to remain below 5% of revenue for fiscal year 2026. |
| May 4, 2026 | mda_quarterly | onsemi reported first-quarter 2026 revenue of $1.51 billion, a 5% year-over-year increase driven by broad demand. The Power Solutions Group (PSG) led growth with a 14% revenue increase, fueled by automotive and other end-markets, while the Analog and Mixed-Signal Group (AMG) declined 5% due to lower demand in automotive and other sectors. Gross margin expanded to 38.5% from 20.3%, primarily because the company avoided the $237.7 million in excess inventory charges and $43.9 million in consumables write-offs recorded in the prior-year period. The company is executing a multi-year manufacturing realignment program to optimize capacity, resulting in $147 million in non-cash impairment charges and $24 million in severance costs for approximately 650 employees. Strategic priorities include capturing high-margin growth in AI data center energy efficiency, automotive electrification, and industrial automation. While the net loss narrowed to $33.4 million, operating cash flow decreased to $239.1 million due to unfavorable working capital timing. onsemi maintains a strong liquidity position with $2.4 billion in cash and short-term investments and repurchased $348.6 million in common stock during the quarter. Key risks include demand volatility, competitive pricing pressures, and the successful execution of manufacturing restructuring. |
Source: SEC EDGAR filing text and events; period Oct 1, 2026; filed Oct 1, 2026.
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