Q3 FY26 · Ended Oct 2, 2026 · View SEC filing
Fuller factories turned modest growth into outsized profit
Sales rose 11.1% while costs barely moved, so most of the extra revenue reached operating income.
For investorsWhat has to hold for the margin recovery to continue
For foundersRationing scarce supply: choosing which customers come first
With capital spending cut to a sliver of sales, free cash flow ran well ahead of net income this quarter.
Automotive volume fell because supply went to industrial and AI data center buyers, and the power segment captured the growth.
Committed supply agreements nearly equal last year's revenue, giving early sight of how full the factories could run.
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Business Lens describes ON Semiconductor from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
