ON Q2 FY2026 earnings: EPS beat by 2.8%, revenue beat by 0.7%
onsemi reported Q2 FY2026. EPS came in at $0.74 against a $0.72 consensus, beat by 2.8%. Revenue was $1.6B versus $1.6B expected, beat by 0.7%. Gross margin was 38.4%, down 10 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $0.74 | $0.72 | beat by 2.8% |
| Revenue | $1.6B | $1.6B | beat by 0.7% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $1.6B | +6.0% | +9.2% |
| Gross profit | $616.3M | +5.7% | +11.7% |
| Operating income | $258.6M | +584.3% | +33.7% |
| Net income | $226.8M | +779.0% | +33.2% |
| Diluted EPS | $0.56 | +800.0% | +36.6% |
| Gross margin: 38.4%. |
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The trend
Revenue is up 9.2% from the same quarter last year. Gross margin sits at 38.4%, 700 bps off its 8-quarter high.
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How it stacks up
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