Filing Flows › On Semiconductor (ON) › Q3 2026 › vs Q2 2026
On Semiconductor (ON) Q3 2026 vs Q2 2026 (quarter over quarter)
On Semiconductor's revenue rose $119M (+7%) from $1.6B in Q2 2026 to $1.7B in Q3 2026. The biggest changes: PSG +$60.9M (+7%); AMG +$51.6M (+9%); ISG +$6.3M (+3%). Gross margin 41.4% against 38.4% (+3.0 pts).
On Semiconductor, Q3 2026: revenue $1.7B (+11% year over year), operating margin 22.0%, net earnings $314M, operating cash flow $516M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 41.4% | 38.4% | +3.0 pts |
| Operating margin | 22.0% | 16.1% | +5.8 pts |
| Net margin | 18.3% | 14.2% | +4.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| PSG | $890M | $829M | $60.9M | +7% |
| AMG | $597M | $546M | $51.6M | +9% |
| ISG | $235M | $229M | $6.3M | +3% |
| Revenue | $1.7B | $1.6B | $119M | +7% |
| Gross profit | $713M | $616M | $96.7M | +16% |
| Cost of revenue | $1.0B | $987M | $22.1M | +2% |
| Other income, net | $21.0M | $12.3M | $8.7M | +71% |
| Operating profit | $378M | $259M | $120M | +46% |
| Operating expenses | $335M | $358M | −$23.0M | -6% |
| Pre-tax earnings | $399M | $271M | $128M | +47% |
| Research & development | $145M | $141M | $4.2M | +3% |
| Sales & marketing | $66.8M | $63.3M | $3.5M | +6% |
| General & admin | $108M | $102M | $5.9M | +6% |
| Other operating costs | $15.1M | $51.7M | −$36.6M | -71% |
| Net earnings | $314M | $228M | $86.9M | +38% |
| Income tax | $84.9M | $43.4M | $41.5M | +96% |
| Depreciation & amortization | $135M | $141M | −$6.3M | -4% |
| Share-based compensation | $37.1M | $37.4M | −$300K | -0.8% |
| Working capital & other | $29.9M | $53.5M | −$23.6M | -44% |
| Operating cash flow | $516M | $460M | $56.7M | +12% |
Questions
How much did On Semiconductor's revenue grow quarter over quarter in Q3 2026?
On Semiconductor's revenue rose $119M (+7%) from $1.6B in Q2 2026 to $1.7B in Q3 2026.
What drove On Semiconductor's revenue change in Q3 2026?
PSG +$60.9M (+7%); AMG +$51.6M (+9%); ISG +$6.3M (+3%).