AI English summary of an SEC filing — figures as filed
ON Semiconductor ONThe company said revenue for April 3, 2026 was $1,513.3 million, up $67.6 million from $1,445.7 million a year earlier, or about 5%, and cited increased demand across all end-markets.
Key points
AI summaryThe company said revenue for April 3, 2026 was $1,513.3 million, up $67.6 million from $1,445.7 million a year earlier, or about 5%, and cited increased demand across all end-markets.
The company said gross profit rose by $583.1 million, or approximately 98%, and gross margin improved from 20.3% to 38.5%. The company cited the absence of prior-year excess and obsolete inventory charges of $237.7 million and a $43.9 million consumables write-off, which did not recur, as the main factors.
The company said restructuring, asset impairments and other, net was $329.3 million for the quarter. It included non-cash impairment charges of $147.0 million and other charges of $162.1 million, mainly accelerated depreciation. Severance costs related to the termination of approximately 650 employees totaled $24.0 million, of which $20.2 million was recognized in the quarter.
Operating cash flow was $239.1 million for the quarter, down from $602.3 million a year earlier, and the company attributed the decline mainly to changes in working capital. In the same quarter, ON Semiconductor said it repurchased about 5.7 million shares for a total of $348.6 million.
Key figures
Quarter ended April 3, 2026
- Revenue
- $1.5B
- Operating income
- −$53M
- Net income
- −$33M
- EPS
- −$0.08
- Gross profit
- $583M
- Operating cash flow
- $239M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Quarterly Revenue at $1,513.3 million, Up About 5% Year over Year
The company said revenue for April 3, 2026 was $1,513.3 million, up $67.6 million from $1,445.7 million a year earlier, or about 5%, and cited increased demand across all end-markets.
Source · Based on the MD&A text of the filing
Gross Profit at $583.1 million, Gross Margin at 38.5%
The company said gross profit rose by $583.1 million, or approximately 98%, and gross margin improved from 20.3% to 38.5%. The company cited the absence of prior-year excess and obsolete inventory charges of $237.7 million and a $43.9 million consumables write-off, which did not recur, as the main factors.
Source · Based on the MD&A text of the filing
Restructuring, Asset Impairments and Other, Net at $329.3 million
The company said restructuring, asset impairments and other, net was $329.3 million for the quarter. It included non-cash impairment charges of $147.0 million and other charges of $162.1 million, mainly accelerated depreciation. Severance costs related to the termination of approximately 650 employees totaled $24.0 million, of which $20.2 million was recognized in the quarter.
Source · Based on the MD&A text of the filing
Operating Cash Flow at $239.1 million, Share Repurchases at $348.6 million
Operating cash flow was $239.1 million for the quarter, down from $602.3 million a year earlier, and the company attributed the decline mainly to changes in working capital. In the same quarter, ON Semiconductor said it repurchased about 5.7 million shares for a total of $348.6 million.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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