ON Q3 FY2026 earnings: EPS beat by 2.7%, revenue beat by 1.0%
onsemi reported Q3 FY2026. EPS came in at $0.90 against a $0.88 consensus, beat by 2.7%. Revenue was $1.7B versus $1.7B expected, beat by 1.0%. Gross margin was 41.4%, up 300 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $0.90 | $0.88 | beat by 2.7% |
| Revenue | $1.7B | $1.7B | beat by 1.0% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $1.7B | +7.4% | +11.1% |
| Gross profit | $713.0M | +15.7% | +21.4% |
| Operating income | $378.3M | +46.3% | +43.1% |
| Net income | $313.9M | +38.4% | +23.1% |
| Diluted EPS | $0.79 | +41.1% | +25.4% |
| Gross margin: 41.4%. |
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The trend
Revenue is up 11.1% from the same quarter last year. Gross margin sits at 41.4%, 380 bps off its 8-quarter high.
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How it stacks up
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