Chipmaker ON Semiconductor Beats Estimates, Guides Higher
Procurement teams that buy chips should factor the company's raised fourth-quarter revenue outlook into near-term sourcing plans.
Updated on Nov. 3, 2026 in Economic Indicators
ON Semiconductor Corp., headquartered in Scottsdale, Arizona, reported third-quarter profit of $313.9 million and revenue of $1.72 billion on Monday, Nov. 2, 2026, both ahead of analyst estimates. Operators in semiconductor supply chains and chip-dependent manufacturing should note the company's upbeat guidance for the December quarter.
Why it matters
Revenue of $1.72 billion beat the $1.71 billion analyst estimate, and adjusted earnings of 90 cents per share topped the 88-cent average forecast, signaling steadier demand for the company's chips. Because the company guided to higher revenue for its fiscal fourth quarter, buyers of its components may see continued supply planning in the coming months.
ON Semiconductor's third-quarter revenue of $1.72 billion and adjusted earnings of 90 cents per share each landed above analyst averages drawn from nine and 11 analysts, respectively. The company guided to 95 cents to $1.07 per share for the December quarter and $1.72 billion to $1.82 billion in fiscal fourth-quarter revenue.
The players
ON Semiconductor Corp.
A Scottsdale, Arizona-based maker of power and sensing semiconductors that sells into automotive, industrial and other end markets.
The details
Adjusted earnings exclude certain pretax expenses and amortization costs, so the 90-cent figure differs from the 79-cent net income figure reported under standard accounting. The company's reported profit of $313.9 million reflects the third quarter as a whole. The forward ranges give operators a sense of management's near-term expectations, though guidance is an estimate and can change.
Timeline
Nov. 2, 2026: ON Semiconductor reports third-quarter results on Monday.
December 2026: The current quarter ends, the period for which per-share earnings of 95 cents to $1.07 are guided.
Market Landscape
The results were measured against published analyst consensus figures, the standard yardstick for quarterly reporting. Beating those estimates on both revenue and adjusted earnings places ON Semiconductor's report among the upside surprises in its earnings cycle.
Operators who buy or resell semiconductors should watch for supply and pricing signals as the company guides to higher fourth-quarter revenue. Procurement teams can factor the guided range into near-term sourcing plans, while finance teams should treat the estimate as provisional until actual results are reported.
The takeaway
Track whether ON Semiconductor's actual fourth-quarter revenue lands within the guided $1.72 billion to $1.82 billion range. Operators in chip-dependent supply chains should file the guidance alongside their own demand forecasts and review it again when the December quarter results are released.
What happens next
ON Semiconductor expects to report results for the December quarter, with guidance of 95 cents to $1.07 per share and revenue of $1.72 billion to $1.82 billion for the fiscal fourth quarter.
Further reading
For context on how company earnings feed into the broader picture, see Economic Indicators in our United States coverage.
