onsemi reports Q3 2026 results with AI data‑center revenue surging 175% and announces Ferric acquisition
onsemi posted third‑quarter 2026 revenue of $1.722 billion, with GAAP EPS of $0.79 and non‑GAAP EPS of $0.90. AI data‑center revenue jumped 175% year‑over‑year to $180 million while automotive revenue fell to $777 million. The company announced a cash acquisition of Ferric that adds $500 million to its 2030 AI data‑center revenue target and revised the Synaptics deal to $5.7 billion in cash.
Why it matters
The higher‑than‑expected earnings and the shift toward AI data‑center sales suggest stronger near‑term profitability, while the cash‑heavy Ferric and Synaptics acquisitions will consume cash and may delay share‑buybacks, according to the company's CFO. The revised mix also signals a short‑term dip in automotive revenue, which could affect segment margins.
Key facts
- 1Revenue was $1,722.3 million for Q3 2026. stocktitan.net
- 2GAAP diluted earnings per share were $0.79. stocktitan.net
- 3Non‑GAAP diluted earnings per share were $0.90. stocktitan.net
- 4AI data‑center revenue was $180 million, up 175% year‑over‑year. investing.com
- 5Automotive revenue was $777 million, down 1% sequentially. investing.com
- 6The Synaptics acquisition price was reduced to $5.7 billion in cash. investing.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.