Filing Flows › On Semiconductor (ON) › Q3 2026 › vs Q3 2025
On Semiconductor (ON) Q3 2026 vs Q3 2025 (year over year)
On Semiconductor's revenue rose $171M (+11%) from $1.6B in Q3 2025 to $1.7B in Q3 2026. The biggest changes: PSG +$152M (+21%); AMG +$14.0M (+2%); ISG +$5.1M (+2%). Gross margin 41.4% against 37.9% (+3.5 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 41.4% | 37.9% | +3.5 pts |
| Operating margin | 22.0% | 17.0% | +4.9 pts |
| Net margin | 18.3% | 16.5% | +1.8 pts |
| Free cash flow margin | 28.4% | 24.0% | +4.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| PSG | $890M | $738M | $152M | +21% |
| AMG | $597M | $583M | $14.0M | +2% |
| ISG | $235M | $230M | $5.1M | +2% |
| Revenue | $1.7B | $1.6B | $171M | +11% |
| Gross profit | $713M | $587M | $126M | +21% |
| Cost of revenue | $1.0B | $964M | $45.6M | +5% |
| Other income, net | $21.0M | $8.6M | $12.4M | +144% |
| Operating profit | $378M | $264M | $114M | +43% |
| Operating expenses | $335M | $323M | $11.9M | +4% |
| Pre-tax earnings | $399M | $273M | $126M | +46% |
| Research & development | $145M | $142M | $3.1M | +2% |
| Sales & marketing | $66.8M | $62.8M | $4.0M | +6% |
| General & admin | $108M | $87.3M | $20.5M | +23% |
| Other operating costs | $15.1M | $30.8M | −$15.7M | -51% |
| Net earnings | $314M | $255M | $59.1M | +23% |
| Income tax | $84.9M | $17.7M | $67.2M | +380% |
| Depreciation & amortization | $135M | $146M | −$11.5M | -8% |
| Share-based compensation | $37.1M | $38.2M | −$1.1M | -3% |
| Working capital & other | $29.9M | −$21.3M | $51.2M | — |
| Operating cash flow | $516M | $419M | $97.7M | +23% |
| Free cash flow (company-reported) | $489M | $372M | $116M | +31% |
| A) | $27.8M | $46.3M | −$18.5M | -40% |
Questions
How much did On Semiconductor's revenue grow year over year in Q3 2026?
On Semiconductor's revenue rose $171M (+11%) from $1.6B in Q3 2025 to $1.7B in Q3 2026.
What drove On Semiconductor's revenue change in Q3 2026?
PSG +$152M (+21%); AMG +$14.0M (+2%); ISG +$5.1M (+2%).