Form 10-Q · Quarterly report
ON Semiconductor 10-Q, filed Aug 3, 2026
- Filed
- CIK
- 0001097864
- Accession no.
- 0001097864-26-000017
Summary
ON Semiconductor reported revenue of $1.60 billion and net income attributable to the company of $226.8 million for the quarter ended July 3, 2026, up from $1.47 billion and $170.3 million a year earlier, and disclosed a merger agreement under which Synaptics will become a wholly owned subsidiary in a stock deal expected to close in mid-2027. The company also detailed a manufacturing realignment involving about 650 employee terminations and share repurchases of $334.7 million in the quarter.
Key points
- Under the June 25, 2026 merger agreement, each Synaptics share will convert into 1.350 shares of ON Semiconductor common stock, and Synaptics stockholders are expected to own about 12% of the combined company after closing.
- The Synaptics merger is subject to Synaptics stockholder approval and antitrust and foreign investment approvals; the HSR waiting period expires August 17, 2026, unless extended or terminated early.
- ON Semiconductor expects $25.0 million in severance costs for terminating about 650 employees under its 2026 manufacturing realignment program, and recorded $163.3 million of impairment charges in the first half of 2026.
- ON Semiconductor repurchased about 3.1 million shares for $334.7 million in the quarter and about 8.8 million shares for $683.3 million in the six months ended July 3, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Executive Overview onsemi Overview ON Semiconductor Corporation ("onsemi," "we," "us," "our," or the "Company"), with its wholly and majority-owned subsidiaries, operates under the onsemiTM brand. The Company is organized into three operating and reportable segments: the Power Solutions Group ("PSG"), the Analog and Mixed-Signal Group ("AMG"), and the Intelligent Sensing Group ("ISG"). We deliver intelligent power and intelligent sensing technologies that enable electrification, energy efficiency, safety, and automation across automotive, industrial, and AI data center end-markets. …
An excerpt of the text as filed with the SEC, cut for length.
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