HighGravityDataOnsemi — May 4, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001140361-26-018868
Showing in the filing
Revenue (Total onsemi Non-GAAP)
“$1,535 to $1,635 million”
Period
Q2 FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 15
Revenue for Q2 FY2026
“$1,535 to $1,635 million”
Revenue (Total onsemi Non-GAAP) for Q2 FY2026
“$1,535 to $1,635 million”
Gross Margin (Total onsemi GAAP) for Q2 FY2026
“37.9% to 39.9%”
Gross Margin (Total onsemi Non-GAAP) for Q2 FY2026
“38.0% to 40.0%”
Operating Expenses (Total onsemi GAAP) for Q2 FY2026
“$302 to $317 million”
Operating Expenses (Special Items) for Q2 FY2026
“$15 million”
Operating Expenses (Total onsemi Non-GAAP) for Q2 FY2026
“$287 to $302 million”
Other Income and Expense (including interest… for Q2 FY2026
“($6 million)”
Diluted Earnings Per Share (Total onsemi GAAP) for Q2 FY2026
“$0.60 to $0.72”
Diluted Earnings Per Share (Special Items) for Q2 FY2026
“$0.05”
Diluted Earnings Per Share (Total onsemi Non… for Q2 FY2026
“$0.65 to $0.77”
Diluted Shares Outstanding (Total onsemi GAAP) for Q2 FY2026
“401 million”
Diluted Shares Outstanding (Special Items) for Q2 FY2026
“7 million”
Diluted Shares Outstanding (Total onsemi Non… for Q2 FY2026
“394 million”
Gross Margin (Special Items) for Q2 FY2026
“0.1%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Selected financial results for the quarter are shown below with comparable periods (unaudited):
GAAP
Non-GAAP
(Revenue and Net Income in millions)
Q1 2026
Q4 2025
Q1 2025
Q1 2026
Q4 2025
Q1 2025
Revenue
$
1,513.3
$
1,530.1
$
1,445.7
$
1,513.3
$
1,530.1
$
1,445.7
Gross Margin
38.5
%
36.0
%
20.3
%
38.5
%
38.2
%
40.0
%
Operating Margin
(3.5
)%
13.1
%
(39.7
)%
19.1
%
19.8
%
18.3
%
Net Income (loss) attributable to ON Semiconductor Corporation
$
(33.4
)
$
181.8
$
(486.1
)
$
253.1
$
257.2
$
231.6
Diluted Earnings (loss) Per Share
$
(0.08
)
$
0.45
$
(1.15
)
$
0.64
$
0.64
$
0.55
1
Revenue Summary
(in millions)
(Unaudited)
Quarters Ended
Business Segment
Q1 2026
Q4 2025
Q1 2025
Sequential
Change
Year-over-
Year Change
PSG
$
736.6
$
724.2
$
645.1
2
%
14
%
AMG
540.4
556.3
566.4
(3
) %
(5
) %
ISG
236.3
249.6
234.2
(5
) %
1
%
Total
$
1,513.3
$
1,530.1
$
1,445.7
(1
) %
5
%
SECOND QUARTER 2026 OUTLOOK
The following table outlines onsemi’s projected second quarter of 2026 GAAP and non-GAAP outlook.
Total onsemi
GAAP
Special
Items **
Total onsemi
Non-GAAP***
Revenue
$1,535 to $1,635 million
-
$1,535 to $1,635 million
Gross Margin
37.9% to 39.9%
0.1%
38.0% to 40.0%
Operating Expenses
$302 to $317 million
$15 million
$287 to $302 million
Other Income and Expense (including interest), net
($6 million)
-
($6 million)
Diluted Earnings Per Share
$0.60 to $0.72
$0.05
$0.65 to $0.77
Diluted Shares Outstanding *
401 million
7 million
394 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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.