onsemi (ON.US) Q3 results and Q4 guidance both beat expectations; raises 2030 AI data center revenue target to over $3 billion

Zhitong Finance APP has learned that ON Semiconductor (ON.US) announced its third-quarter 2026 results after the U.S. market closed on Monday, November 2. The financial report shows that ON Semiconductor's Q3 revenue increased 11% year-over-year to $1.722 billion, better than analysts' consensus estimate of about $1.7 billion; adjusted earnings per share were $0.90, up 43% year-over-year, better than analysts' consensus estimate of $0.88. GAAP gross margin was 41.4%, up 3.5 percentage points year-over-year; non-GAAP gross margin was 41.2%, up 190 basis points quarter-over-quarter, marking the fifth consecutive quarter of expansion; non-GAAP operating margin reached 23.2%.