Filing Flows › On Semiconductor (ON) › Q2 2026 › vs Q1 2026
On Semiconductor (ON) Q2 2026 vs Q1 2026 (quarter over quarter)
On Semiconductor's revenue rose $90.2M (+6%) from $1.5B in Q1 2026 to $1.6B in Q2 2026. The biggest changes: PSG +$92.4M (+13%); ISG −$7.5M (-3%); AMG +$5.3M (+1%). Gross margin 38.4% against 38.5% (-0.1 pts).
On Semiconductor, Q2 2026: revenue $1.6B (+9% year over year), operating margin 16.1%, net earnings $228M, operating cash flow $460M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 38.4% | 38.5% | -0.1 pts |
| Operating margin | 16.1% | -3.5% | +19.7 pts |
| Net margin | 14.2% | -2.2% | +16.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| PSG | $829M | $737M | $92.4M | +13% |
| AMG | $546M | $540M | $5.3M | +1% |
| ISG | $229M | $236M | −$7.5M | -3% |
| Revenue | $1.6B | $1.5B | $90.2M | +6% |
| Gross profit | $616M | $583M | $33.2M | +6% |
| Cost of revenue | $987M | $930M | $57.0M | +6% |
| Other income, net | $12.3M | $8.8M | $3.5M | +40% |
| Operating profit | $259M | −$53.4M | $312M | — |
| Operating expenses | $358M | $636M | −$279M | -44% |
| Pre-tax earnings | $271M | −$44.6M | $316M | — |
| Research & development | $141M | $144M | −$3.5M | -2% |
| Sales & marketing | $63.3M | $63.0M | $300K | +0.5% |
| General & admin | $102M | $89.4M | $12.5M | +14% |
| Other operating costs | $51.7M | $340M | −$288M | -85% |
| Net earnings | $228M | −$32.9M | $260M | — |
| Income tax | $43.4M | −$11.7M | $55.1M | — |
| Depreciation & amortization | $141M | $287M | −$145M | -51% |
| Share-based compensation | $37.4M | $37.3M | $100K | +0.3% |
| Working capital & other | $53.5M | −$52.0M | $106M | — |
| Operating cash flow | $460M | $239M | $221M | +92% |
Questions
How much did On Semiconductor's revenue grow quarter over quarter in Q2 2026?
On Semiconductor's revenue rose $90.2M (+6%) from $1.5B in Q1 2026 to $1.6B in Q2 2026.
What drove On Semiconductor's revenue change in Q2 2026?
PSG +$92.4M (+13%); ISG −$7.5M (-3%); AMG +$5.3M (+1%).