ON Semiconductor Beats Q3 Profit Estimates

The chipmaker reported third-quarter revenue above analyst forecasts and guided higher for the December quarter.

Updated on Nov. 3, 2026 in Economic Indicators

Bold flat-color editorial illustration of a bare silicon wafer and a neat stack of chip dies on a deep navy field, evoking semiconductor earnings. — ON Semiconductor reported third-quarter profit of $313.9 million and adjusted earnings of 90 cents per share, beating analyst estimates, with revenue of $1.72 billion. AI Illustration. Upload story photo >

ON Semiconductor Corp. reported third-quarter profit of $313.9 million, or 79 cents per share, and adjusted earnings of 90 cents per share, above the average analyst estimate of 88 cents. Revenue came in at $1.72 billion, ahead of the $1.71 billion analyst estimate.

Why it matters

The results beat expectations on both earnings and revenue for the semiconductor maker, which is headquartered in Scottsdale, Arizona. The company's guidance for the coming quarter offers a read on demand for its chips.

ON Semiconductor posted $313.9 million in third-quarter profit and $1.72 billion in revenue, against analyst estimates of 88 cents per share and $1.71 billion. The company guided fiscal fourth-quarter revenue to $1.72 billion to $1.82 billion.

The players

ON Semiconductor Corp.

A Scottsdale, Arizona-based semiconductor manufacturer that supplies power and sensing chips for automotive and industrial markets.

The details

Earnings were adjusted for pretax expenses and amortization costs, a common method for comparing results with analyst forecasts. The company reported its results on Monday, November 2, 2026.

Monday, November 2, 2026: ON Semiconductor reports third-quarter earnings.
December 2026: The current quarter ends, the period for which the company guided per-share earnings.

Market Landscape

The quarter's results came in above the consensus estimates gathered from 11 analysts for earnings and nine for revenue. Beating those forecasts signals that the company's sales held up better than the Street expected heading into its fourth quarter.

Investors tracking the semiconductor sector can use the guided December-quarter range to gauge near-term expectations for the company. Consumers see little direct effect from a single quarter's earnings report.

The takeaway

The beat on both earnings and revenue, paired with a guided range for the next quarter, gives a snapshot of how one chipmaker is tracking against Wall Street's expectations. Readers can watch whether the December results land within the company's guidance.