onsemi reports return to profitability in Q3 2026
Semiconductor manufacturer onsemi posted revenue of $1.72 billion for the third quarter of 2026, marking an 11% year-over-year increase as the company returns to net profitability.
Semiconductor producer onsemi has released its financial results for the third quarter of 2026, reporting revenue of $1.72 billion. This figure represents an 11% increase compared to the same period in 2025 and a 7% sequential growth, signaling an uptick in market activity.
Profitability metrics showed notable improvement, with a gross margin reaching 41.4%. The company generated a net income of $314 million in the third quarter alone. Over the first nine months of the fiscal year, onsemi recorded a total net income of $507 million, successfully reversing losses incurred earlier in the year.
Operational cash flow reached $516 million for the quarter, bolstered by stronger margins. The company’s debt-to-asset ratio currently stands at 45.63%, a slight improvement from the previous quarter. The reported figures underscore a period of stabilization for the manufacturer as it navigates the semiconductor cycle.