The financials
ON Semiconductor by the numbers
ON Semiconductor (ON) reported revenue of $1.60B in Q2 2026 (quarter ended July 3, 2026), up 9.2% from the same quarter a year earlier. That came with a gross margin of 38% and net income of $227M (14% of revenue). For the full year FY2025, revenue was $6.00B (−15% year on year) and net income $121M. Its largest region in 2026-Q2 was Hong Kong at $279M, 34% of the disclosed total, just ahead of Singapore at 25%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.60B | $1.47B | +9.2% |
| Gross profit | $616M | $552M | +12% |
| Operating income | $259M | $193M | +34% |
| Net income | $227M | $170M | +33% |
| Diluted EPS | $0.56 | $0.41 | +37% |
| Geographic | Revenue | Share |
|---|---|---|
| Hong Kong | $279M | 34% |
| Singapore | $205M | 25% |
| United Kingdom | $181M | 22% |
| United States | $129M | 16% |
| Other Geographical Areas | $34M | 4.0% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q2 2026Total $829.0M (+13%)
Hong Kong grew +39% year on yearOther Geographical Areas -38% year on year
Segment Latestquarter on quarteryear on year
- Hong Kong$279.4M$279.4MQoQ +50%year on year +39%+50%+39%
- Singapore$205.4M$205.4MQoQ +6.2%year on year +12%+6.2%+12%
- United Kingdom$181.3M$181.3MQoQ -1.8%year on year +24%-1.8%+24%
- United States$129.4M$129.4MQoQ +2.7%year on year +15%+2.7%+15%
- Other Geographical Areas$33.5M$33.5MQoQ -28%year on year -38%-28%-38%