Welcome to our dedicated page for ON Semiconductor news (Ticker: ON), a resource for investors and traders seeking the latest updates and insights on ON Semiconductor stock.
ON Semiconductor Corp. reports developments tied to onsemi's intelligent power and sensing technologies for automotive, industrial and AI data center end markets. Recurring updates include earnings releases, margin and cash-flow commentary, share repurchases, capital-structure actions, and strategy presentations.
Company news also covers design wins and customer collaborations involving EliteSiC power technology, FS7 insulated-gate bipolar transistor products, hybrid power integrated modules, electric-vehicle platforms, renewable energy systems, solar inverters and energy storage applications.
onsemi (ON) launched its Embedded Power Platform (EPP) on September 16, 2026, a new architecture that uses the silicon wafer itself as the package to jointly optimize electrical, mechanical and thermal performance for power systems.
EPP enables integration of silicon, SiC and GaN devices, embedding FETs, drivers and controllers in a single wafer-level package. The company reports that, depending on application, this can deliver approximately 3–5x higher power density, faster development cycles and reduced design complexity. Early examples include an AI solid-state circuit breaker about 50% smaller and 20% cooler than existing designs, and EV traction inverters with up to 4x higher power density and 15% lower power losses versus conventional approaches.
onsemi (ON) presented a long-term growth strategy on Sept. 16, 2026, centered on solving power constraints across AI, automotive and industrial markets, targeting a $213 billion total addressable market by 2030.
The company plans to leverage common technology platforms across automotive, industrial, AI data center and emerging applications, moving from individual components to higher-value system solutions. This platform-based approach is expected by the company to expand revenue potential, increase R&D leverage and lessen dependence on any single end market.
onsemi highlighted three core platforms: high-voltage technologies spanning silicon, silicon carbide and gallium nitride including its exclusive vertical GaN; the Treo analog/digital/high-voltage “intelligence layer”; and the Embedded Power Platform, which uses the wafer as the package to tightly integrate multiple devices for higher power density. These capabilities are aimed at enabling “physical AI” systems operating at the edge, beyond the data center.
onsemi (ON) announced a strategic technology engagement with Subaru to evaluate onsemi's Embedded Power Platform (EPP) for future electrified-vehicle architectures.
The arrangement gives Subaru early access to EPP engineering samples, simulation models and technical expertise to assess how an integrated power-system approach could improve vehicle efficiency, performance and development simplicity. EPP embeds multiple semiconductor devices directly into a silicon-based wafer-level package to deliver more power in less space, targeting smaller, lighter and more efficient traction inverters and scalable power levels. The initial phase focuses on early engineering evaluation and technical learning, providing onsemi with customer insights to guide further EPP development.
onsemi (Nasdaq: ON) reported Q2 2026 revenue of $1.6035 billion, up 9% year-over-year, with GAAP gross margin of 38.4% and operating margin of 16.1%. GAAP diluted EPS was $0.56, while non-GAAP diluted EPS was $0.74, growing roughly four times faster than revenue, according to the company.
Free cash flow reached $425.4 million, roughly quadrupling year-over-year, lifting free cash flow margin from about 7% to 27%. Cash from operations rose 150%. The company repurchased $332 million of shares in the quarter, bringing year-to-date shareholder returns to about 105% of free cash flow. Segment revenue grew 19% in PSG, fell 2% in AMG, and rose 7% in ISG. onsemi announced a planned acquisition of Synaptics, new AI data center design wins, the launch of its GaNEXUS gallium nitride power portfolio, and an extension of its automotive power role with Rivian’s R2 platform.
For Q3 2026, onsemi guides revenue to $1.65–$1.75 billion, non-GAAP gross margin of 40.0–42.0%, and non-GAAP diluted EPS of $0.81–$0.93.
onsemi (Nasdaq: ON) plans to release its financial results for the second quarter ended July 3, 2026, after market close on Monday, August 3, 2026. A conference call will follow at 5 p.m. Eastern Time, accessible via webcast on the company’s Investor Relations website or through a pre-registered teleconference line, with a replay available online for 30 days.
onsemi (Nasdaq: ON) signed definitive agreements to divest two manufacturing facilities in Tarlac, Philippines and Mountain Top, Pennsylvania as part of its Fab Right strategy to optimize its global manufacturing footprint.
The Tarlac site is being sold to Greatek Electronics, with closing expected in three to six months, and includes a long-term supply agreement to support ongoing production. The Mountain Top facility is being sold to Silex Microsystems, with closing targeted for January 2028 and an extended transition to move production to other onsemi sites.
These actions are expected to deliver approximately $35 million in annual cost savings, with initial savings beginning in 2027 and full run-rate savings in 2028, supporting sustained gross margin expansion and a more efficient manufacturing network.
onsemi (Nasdaq: ON) agreed to acquire Synaptics (Nasdaq: SYNA) in an all-stock deal valuing Synaptics at about $7 billion. Synaptics shareholders will receive 1.350 ON shares per SYNA share, a roughly 19% premium. onsemi expects to expand its TAM by $30 billion to $243 billion by 2030, gain Edge AI and connectivity capabilities, and target $200 million in annual synergies. The deal is expected to be accretive to non-GAAP EPS within 18 months of closing, which is targeted for mid-2027 pending Synaptics shareholder and regulatory approvals.
onsemi (ON) launched GaNEXUS, a gallium nitride power portfolio now sampling from 40V to 650V, including 650V GaNEXUS Smart FETs with integrated protection. The devices target AI data centers, 48V systems, robotics, industrial automation, and energy infrastructure.
According to onsemi, GaNEXUS enables faster switching, lower losses, higher power density, and improved thermal performance versus conventional silicon, and can cut magnetics size by up to ~60%, raise power density by ~1.5x–2x, and improve efficiency by ~0.5–2%, depending on topology.
onsemi (NASDAQ:ON) launched the Elite Pairing Studio, an online design tool that helps engineers pair silicon carbide (SiC) MOSFETs with gate drivers for applications such as AI data centers, electric vehicles, and industrial systems.
The cloud-based Studio analyzes device combinations, visualizes switching behavior and losses, and generates PLECS models for further system-level simulation in Elite Power Simulator. It aims to reduce design iterations, design risk, and time to market. The tool is available now via onsemi’s website and will be demonstrated at PCIM Expo 2026.
onsemi (Nasdaq: ON) priced a private offering of $1.3 billion aggregate principal amount of 0% convertible senior notes due 2031, with an initial conversion price of approximately $161.30 per share (about a 52.5% premium to the May 6, 2026 close). Closing is expected on May 11, 2026, with an initial purchasers’ upsize option of $200 million.
Net proceeds are expected to be approximately $1,276.4 million (or ~$1,472.9 million if upsized); ~$331.9 million will fund a concurrent repurchase of ~3.1 million shares. onsemi entered into convertible hedge and warrant transactions; hedge cost ~$61.2 million.