Earnings ·
Reports Q3 revenue of $1.72B, raises AI data center target by $500M to over $3B
ONON Semiconductor Corp
ON Semiconductor reported third-quarter revenue of $1,722 million, an 11% increase year-over-year, with GAAP diluted earnings per share of $0.79 and non-GAAP diluted EPS of $0.90. The company announced revised terms for its planned acquisition of Synaptics for approximately $5.7 billion in cash and entered into an agreement to acquire Ferric. These strategic moves raise the AI data center 2030 revenue target by $500 million to greater than $3 billion. Additionally, ON Semiconductor provided fourth-quarter 2026 guidance projecting revenue between $1,715 million and $1,815 million. The company operates in the semiconductor industry, delivering intelligent power and sensing technologies for automotive, industrial, and AI data center markets.