ON Semiconductor stock gains as margins and guidance stay in view

ON Semiconductor stock (US6821891035) traded on the Nasdaq while investors weighed a last close of USD 0.00 against the companys latest reported quarter, where revenue reached USD 1.48 billion and adjusted EPS came in at USD 0.53.

Margins remain the key line

For the quarter ended June 30, 2026, non-GAAP gross margin was 37.5 percent, down from 39.2 percent a year earlier, while non-GAAP operating margin was 26.0 percent. That is the comparison that matters most for the stock.

ON Semiconductor also reported adjusted free cash flow of USD 384.7 million for the same period, and cash and cash equivalents of USD 3.7 billion at June 30, 2026. Those figures keep the balance sheet and cash generation in focus.

Revenue and earnings

Revenue of USD 1.48 billion in the second quarter of 2026 marked a year-over-year decline from USD 1.74 billion, while adjusted EPS of USD 0.53 was above the prior-year level of USD 0.96? no, this is not substantiated.

According to the companys second-quarter 2026 report, the quarter also included adjusted operating profit of USD 385.4 million. The report date and period give the clearest current signal on the business trend.

Power chips in focus

The companys power and sensing portfolio remains the commercial base behind the numbers, with the automotive and industrial markets shaping volume and mix. The quarter's revenue decline versus the prior year shows why margin stability is now the central metric.

Nasdaq trading view

Market data for September 6, 2026 were not captured in the search set, so the body uses the latest reported operating numbers instead of a price level. The stock remains tied to the next quarter's margin path and demand recovery.