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ON beat prior Q2 2026 Revenue guidance by +$18.5M. Revenue grew 9% year-over-year while non-GAAP diluted EPS grew approximately 40% year-over-year. The company provided Q3 2026 guidance with revenue of $1,650-$1,750 million and non-GAAP diluted EPS of $0.81-$0.93.
Subscribe to read moreON filed its 10-Q; the most relevant disclosure change is added Definitive Agreement to Acquire Synaptics Incorporated (Note 1): On June 25, 2026, ON Semi entered into a Merger Agreement with Sonic Acquisition Corp. and Synaptics Incorporated pursuant to which Synaptics will become a wholly owned subsidiary; each Synaptics share converts into 1.350 ON Semi shares (pro forma ~12% Synapti. Customer concentration: One distributor (anonymized) represented 14% of revenue; One distributor (anonymized) represented 13%...
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