onsemi Q2 revenue $1.6B (+9% YoY), GAAP EPS $0.56, non-GAAP $0.74; Q3 rev guide $1.65-1.75B

ON SEMICONDUCTOR CORP

Revenue $1,603.5M (+9% YoY); GAAP gross margin 38.4%, non-GAAP 39.3%.
GAAP diluted EPS $0.56, non-GAAP $0.74; operating cash flow +150% YoY, free cash flow $425.4M (quadrupled YoY).
Announced planned acquisition of Synaptics; expanded role in NVIDIA MGX ecosystem; launched GaNEXUS GaN portfolio.
Q3 2026 guidance: revenue $1.65-1.75B, GAAP gross margin 39.9-41.9%, non-GAAP diluted EPS $0.81-0.93.
Share repurchases $332M in Q2; YTD shareholder returns ~105% of free cash flow.

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