ON Semiconductor Corporation · ON · Next earnings

ON Semiconductor Corporation reports Monday, Nov 2, 2026

ON reports before market open with consensus EPS at $0.90 and revenue at $1.70B. Last quarter: ON Semiconductor Beats on Revenue and EPS as AI Data-Center Demand Accelerates

Reports Before market open43 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $0.90 Calendar consensus
Consensus revenue $1.70B Calendar consensus
Report date Nov 2, 2026 Monday, date estimated
Session Before market open 43 days away

Where ON left off: FY2026 Q1

Full report

ON Semiconductor Beats on Revenue and EPS as AI Data-Center Demand Accelerates

EPS surprise +4.4% Reported $0.64 vs $0.61
Revenue surprise +1.7% Reported $1.51B vs $1.49B
Stock move +0.6% Event window
Subsequent drift +30.4% Up to 20 sessions

Guidance maintained. Q2 2026 revenue guided to $1.535-$1.635 billion with non-GAAP EPS of $0.65-$0.77. AI data-center revenue now expected to double year-over-year in 2026, upgraded from prior characterization as an emerging growth engine. Capex outlook stable.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Rising input costs could outpace pricing adjustments, pressuring margins
  • Extended lead times and inventory buildup indicate uncertainty in automotive demand
  • Execution risk on new product ramps including GaN, VCORE, and vertical GaN timing
  • Macroeconomic headwinds such as energy price volatility and geopolitical supply constraints

Questions analysts left open

  • Timing and magnitude of gross-margin step-ups in H2 2026
  • Seasonality versus better-than-seasonal performance in upcoming quarters
  • Utilization levels and their direct impact on margin improvement
  • Potential need for additional inorganic acquisitions to scale AI data-center capabilities
  • Inventory and channel dynamics including lead-time extensions

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Recent ON quarters

All ON earnings
+0.6%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.