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On Semiconductor (ON) guidance and outlook
On Semiconductor (ON) raised its guidance on Nov 2, 2026: Revenue (segment) $3.0B for FY2030. On Semiconductor's 10-Q filed Nov 2, 2026 makes 12 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2030 | $3.0B | raised |
From the earnings release filed Nov 2, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 2, 2026
- We believe we have one of the most comprehensive portfolios of products and technologies for this market to address the complete power tree from the grid to the core as power requirements of AI data center racks is expected to increase rapidly in the coming years.
- We continue to optimize and right-size our manufacturing footprint to align our capacity with our long-term outlook, while focusing on generating efficiencies that result in meaningful gross margin expansion and operating cash flows.
- We intend to achieve efficiencies in our operating and capital expenditures and invest in research and development initiatives to accelerate growth in high-margin products.
- During the quarter and nine months ended October 2, 2026, the Company continued to engage in additional restructuring and cost reduction initiatives under its previously disclosed multi‑year manufacturing realignment program to better align manufacturing capacity and capabilities with anticipated long-term needs.
- We expect to incur total severance costs and related benefit expenses of $26.0 million related to the termination of approximately 650 employees.
- In the near term, we expect to fund our cash requirements by utilizing any or a combination of these principal sources.
- The ultimate treatment of Synaptics' existing indebtedness following the closing of the transaction is unknown at this time; however, in connection with the closing, we currently intend to cause Synaptics to redeem and/or discharge the Synaptics Senior Notes (defined below) and to repay its $350 million revolving credit facility, and we expect that holders of the Synaptics Convertible Notes (defined below) will…
- During the ordinary course of business, we evaluate our cash requirements and, if necessary, adjust our expenditures to reflect the current market conditions and our projected sales and demand.
- After considering our anticipated funding of the pending Synaptics acquisition as described above, we believe that our cash on hand, cash generated from operations and amounts available under the Revolving Credit Facility are adequate to meet our working capital requirements and other business needs for at least the next 12 months and thereafter for the foreseeable future.
- We expect to fund the Synaptics acquisition through a combination of cash on hand and borrowings under the Commitment Letter.
- Our ability to generate positive operating cash flows depends on, among other factors, the achievement of revenue targets, management of manufacturing and operating costs and effective management of working capital.
- Our capital expenditures as a percentage of revenue were approximately 2%, and we expect annualized capital expenditures of approximately 2-3% of revenue for the year ended December 31, 2026.
On Semiconductor's latest quarter
On Semiconductor, Q3 2026: revenue $1.7B (+11% year over year), operating margin 22.0%, net earnings $314M, operating cash flow $516M. The chart follows the revenue to costs, profit and cash.
Questions
Did On Semiconductor raise or lower its guidance?
On Semiconductor (ON) raised its guidance on Nov 2, 2026: Revenue (segment) $3.0B for FY2030.
What does On Semiconductor expect?
We believe we have one of the most comprehensive portfolios of products and technologies for this market to address the complete power tree from the grid to the core as power requirements of AI data center racks is expected to increase rapidly in the coming years. We continue to optimize and right-size our manufacturing footprint to align our capacity with our long-term outlook, while focusing on generating efficiencies that result in meaningful gross margin expansion and operating cash flows. We intend to achieve efficiencies in our operating and capital expenditures and invest in research an
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.