9/103 sources · 3 publishersUpdated Nov 2, 22:39 UTC
ON Semiconductor reports Q3 beat, guides Q4 EPS, and announces Ferric and Synaptics acquisition revisions
ON Semiconductor posted third‑quarter 2026 earnings of $0.90 per share on revenue of $1.72 billion, both above analyst estimates. The company issued fourth‑quarter EPS guidance of $0.95‑$1.07 per share. It also announced a revised all‑cash $5.7 billion purchase of Synaptics and a deal to acquire Ferric, a voltage‑regulator maker. Shares fell in after‑hours trading despite the beat.
Why it matters
The company says the Ferric acquisition will boost its AI data‑center revenue target, while the all‑cash Synaptics deal reduces dilution risk. However, investors reacted negatively, causing the stock to slide after the announcements.
Key facts
- 1Q3 earnings per share were $0.90, beating the $0.87 estimate. finance.yahoo.com
- 2Q3 revenue was $1.72 billion, above the $1.7 billion consensus. finance.yahoo.com
- 3Q4 2026 EPS guidance was set at $0.95‑$1.07 per share. finance.yahoo.com
- 4ON announced it will acquire Ferric for $600 million in cash at closing, plus up to $175 million contingent on revenue milestones. finance.yahoo.com
- 5The Synaptics acquisition terms were revised to an approximately $5.7 billion all‑cash deal. finance.yahoo.com
- 6CEO Hassane El‑Khoury said AI data‑center revenue grew 39% sequentially and 175% year‑over‑year. finance.yahoo.com
Open questions
- Ferric acquisition amount differs: $600 million cash plus up to $175 million contingent versus up to $775 million total.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.