Onsemi — Nov 3, 2025 release

“As energy efficiency becomes a defining requirement for next-generation automotive, industrial, and AI platforms, we are expanding our offering to deliver system-level value that enables our customers to achieve more with less power.” Selected financial results for the quarter are shown below with comparable periods (unaudited):     GAAP     Non-GAAP   (Revenue and Net Income in millions)     Q3 2025       Q2 2025       Q3 2024       Q3 2025       Q2 2025       Q3 2024   Revenue   $ 1,550.9     $ 1,468.7     $ 1,761.9     $ 1,550.9     $ 1,468.7     $ 1,761.9   Gross Margin     37.9 %     37.6 %     45.4 %     38.0 %     37.6 %     45.5 % Operating Margin     17.0 %     13.2 %     25.3 %     19.2 %     17.3 %     28.2 % Net Income attributable to ON Semiconductor Corporation   $ 255.0     $ 170.3     $ 401.7     $ 256.3     $ 221.3     $ 423.8   Diluted Earnings Per Share   $ 0.63     $ 0.41     $ 0.93     $ 0.63     $ 0.53     $ 0.99   1 Revenue Summary (in millions) (Unaudited)     Quarters Ended               Business Segment     Q3 2025       Q2 2025       Q3 2024     Sequential Change     Year-over- Year Change   PSG   $ 737.6     $ 698.2     $ 829.4       6 %     (11 ) % AMG     583.3       555.9       653.7       5 %     (11 ) % ISG     230.0       214.6       278.8       7 %     (18 ) % Total   $ 1,550.9     $ 1,468.7     $ 1,761.9       6 %     (12 ) % FOURTH QUARTER 2025 OUTLOOK The following table outlines onsemi’s projected fourth quarter of 2025 GAAP and non-GAAP outlook.   Total onsemi GAAP Special Items ** Total onsemi Non-GAAP*** Revenue $1,480 to $1,580 million - $1,480 to $1,580 million Gross Margin 36.9% to 38.9% 0.1% 37.0% to 39.0% Operating Expenses $296 to $311 million $14 million $282 to $297 million Other Income and Expense (including interest), net ($7 million) - ($7 million) Diluted Earnings Per Share $0.56 to $0.66 $0.01 $0.57 to $0.67 Diluted Shares Outstanding * 405 million - 405 million * Diluted shares outstanding can vary as a result of, among other things, the vesting of restricted stock units, the incremental dilutive shares from the convertible notes, and the repurchase or the issuance of stock or convertible notes or the sale of treasury shares. In periods when the quarterly average stock price per share exceeds $52.97 for the 0% Notes, and $103.87 for the 0.50% Notes, the non-GAAP diluted share count and non-GAAP net income per share include the anti-dilutive impact of the hedge transactions entered concurrently with the 0% Notes, and the 0.50% Notes, respectively. At an average stock price per share between $52.97 and $74.34 for the 0% Notes, and $103.87 and $156.78 for the 0.50% Notes, the hedging activity offsets the poten