onsemi earnings date and guidance
MyStockButler's October 2026 analysis: onsemi's next results are expected on November 2, 2026. Watch whether revenue, factory utilization, gross margin and earnings improve together, especially whether AI demand turns into shipments.
What has onsemi guided for the next quarter?
The key operating promise is gross margin in the low-forties. Gross margin is sales minus manufacturing costs, expressed as a share of sales. Factory utilization rose from 77% to 83%, which can improve that margin because buildings, equipment and staff are spread across more chips. Higher gross margin is not final profit; research, administration, interest and taxes still come afterward.
The AI opportunity concerns power delivery, not the processors that perform AI calculations. Electricity must pass through several voltage changes before reaching a GPU or another computing chip, and onsemi sells components in that chain. Management targets at least $500.0 million of AI data-center revenue in 2026, followed by another doubling in 2027.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Revenue — Total onsemi GAAP | Quarter to Oct 2026 | 1,650.0 | 1,750.0 | Aug 3, 2026 |
| Revenue — Total onsemi Non-GAAP | Quarter to Oct 2026 | 1,650.0 | 1,750.0 | Aug 3, 2026 |
| Gross Margin — Total onsemi GAAP | Quarter to Oct 2026 | 39.9% | 41.9% | Aug 3, 2026 |
| Gross Margin — Total onsemi Non-GAAP | Quarter to Oct 2026 | 40.0% | 42.0% | Aug 3, 2026 |
| Diluted Earnings Per Share — Total onsemi Non-GAAP | Quarter to Oct 2026 | 0.81 | 0.93 | Aug 3, 2026 |
| AI DC Revenue | Year to Dec 2026 | 500.0 | Sep 16, 2026 |
What this means. The “Special Items” rows are not extra expenses on top of the company’s forecast; they only show the adjustment between the company’s standard accounting figures and its adjusted figures.
Has onsemi kept its past promises?
onsemi reported that it had delivered its commitment to return approximately all annual free cash flow through repurchases. Its longer-term operating-margin ambition and the savings from Fab Right still depend on future execution.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Revenue | 7 quarters | 0 | 7 | 0 |
| Gross Margin (Non-GAAP) | 7 quarters | 0 | 7 | 0 |
| Diluted Earnings Per Share (Non-GAAP) | 7 quarters | 0 | 7 | 0 |
How have onsemi revenue and profit trended?
The quarterly pattern suggests an uneven recovery. Diluted EPS, or earnings per share after possible share dilution, fell much more sharply than revenue. Buybacks can improve EPS by spreading earnings across fewer shares, but they cannot create demand. A specialist therefore checks earnings against sales, cash flow, and the factories supporting production.
| Jul 2026 | Apr 2026 | Dec 2025 | Oct 2025 | Jul 2025 | Apr 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,603.5 | 1,513.3 | 1,530.1 | 1,550.9 | 1,468.7 | 1,445.7 | 1,722.5 | 1,761.9 |
| Gross margin | 38.4% | 38.5% | 36.0% | 37.9% | 37.6% | 20.3% | 45.2% | 45.4% |
| Operating income | 258.6 | -53.4 | 200.1 | 264.4 | 193.4 | -573.7 | 408.6 | 445.4 |
| Net income | 226.8 | -33.4 | 181.8 | 255.0 | 170.3 | -486.1 | 379.9 | 401.7 |
| EPS, diluted | 0.56 | -0.08 | 0.45 | 0.63 | 0.41 | -1.15 | 0.88 | 0.93 |
| = Free cash flow | 425.4 | 217.2 | 485.4 | 372.4 | 106.1 | 454.7 | 422.4 | 304.1 |
What this means. The figures are for three-month periods, not full years, even though some row descriptions say “during the year.”
What should I watch in onsemi's next results?
The next earnings report is the first test of whether the recovery is becoming operationally visible. onsemi plans to report the quarter ended October 2 on November 2, 2026. The important evidence will be revenue, factory utilization, gross margin and earnings together, especially whether AI demand is turning into shipments.