onsemi Reports First Quarter 2026 Results

Year-over-year operating income growth outpaces revenue growth by 2x SCOTTSDALE, Ariz., May 04, 2026 (GLOBE NEWSWIRE) -- onsemi (the “Company”) (Nasdaq: ON) today announced its first quarter 2026 results with the following highlights: Revenue of $1,513 million, exceeding the midpoint of our guidance GAAP and non-GAAP gross margin of 38.5% GAAP operating margin of (3.5)% and non-GAAP operating margin 19.1% GAAP diluted loss per share of ($0.08) and non-GAAP diluted earnings per share $0.64 Share repurchases of $346 million, representing approximately 160% of free cash flow “We exceeded expectations as demand strengthened through the quarter and we have moved beyond the cyclical trough on a path to recovery.