Filing Flows › On Semiconductor (ON) › Q3 2026
On Semiconductor (ON) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
On Semiconductor (ON) reported revenue of $1.7B for the third quarter 2026 (Q3 2026), +11% from a year earlier and +7% from the quarter before. Operating margin was 22.0%, net earnings $314M (18.3% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +7% | +11% |
| Gross profit | $713M | +16% | +21% |
| Operating profit | $378M | +46% | +43% |
| Net earnings | $314M | +38% | +23% |
| Operating cash flow | $516M | +12% | +23% |
| Free cash flow | $489M | — | +31% |
What changed
Revenue was $1.7B in Q3 2026, up 11% year over year and up 7% from the previous quarter. PSG was the largest line at 52% of revenue. PSG added $0.15B year over year (up 21%), 89% of the total change.
Gross margin was 41.4%, up 3.5 points from Q3 2025. Operating profit was $0.38B, a 22.0% margin (up 4.9 points year over year). Of the extra revenue versus Q3 2025, 66% reached operating profit, above the 17% margin then. Operating expenses grew 4% against revenue growth of 11%. The fastest-growing cost line was General & admin (+23%). Net earnings were $0.31B, up 23% year over year. The effective tax rate was 21.3%.
Operating cash flow was $0.52B (up 23% year over year), 164% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.03B. After a) ($0.03B), free cash flow as the company reports it was $0.49B.
Questions
What was On Semiconductor's revenue in the third quarter 2026?
On Semiconductor (ON) reported revenue of $1.7B for the third quarter 2026 (Q3 2026), +11% from a year earlier and +7% from the quarter before.
Was On Semiconductor profitable in the third quarter 2026?
Operating profit was $378M (22.0% of revenue) and net earnings $314M.
Source: On Semiconductor 10-Q on SEC EDGAR.