onsemi (ON) reported second-quarter 2026 revenue of $1.6035 billion, up 9% year over year. GAAP net income attributable to ON Semiconductor Corporation was $226.8 million, and GAAP diluted earnings per share were $0.56.
The company said cash from operations increased 150%, free cash flow was $425.4 million and share repurchases totaled $332 million. For the third quarter of 2026, onsemi projected revenue of $1.650 billion to $1.750 billion and GAAP diluted EPS of $0.79 to $0.91.
- Revenue $1.6035 billion in Q2 2026, up 9% year over year
- GAAP net income $226.8 million attributable to ON Semiconductor Corporation
- GAAP margins gross margin of 38.4% and operating margin of 16.1%
- Free cash flow $425.4 million for the quarter
- Business updates announced planned Synaptics acquisition, expanded role in the NVIDIA MGX ecosystem and launched the GaNEXUS gallium nitride power portfolio
$ON Insider Trading Activity
$ON insiders have traded $ON stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $ON stock by insiders over the last 6 months:
- TRENT THAD (Exec VP & CFO) has made 0 purchases and 7 sales selling 150,000 shares for an estimated $12,462,975.
- SIMON KEETON (Group President, PSG) has made 0 purchases and 2 sales selling 48,860 shares for an estimated $3,505,698.
- HASSANE EL-KHOURY (CEO & President) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $1,460,414.
- SUDHIR GOPALSWAMY (Group President, AMG & ISG) sold 6,114 shares for an estimated $358,708
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ON Hedge Fund Activity
We have seen 414 institutional investors add shares of $ON stock to their portfolio, and 386 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SLATE PATH CAPITAL LP removed 2,681,400 shares (-25.6%) from their portfolio in Q1 2026, for an estimated $166,032,288
- MILLENNIUM MANAGEMENT LLC removed 2,107,388 shares (-89.7%) from their portfolio in Q1 2026, for an estimated $130,489,464
- SACHEM HEAD CAPITAL MANAGEMENT LP added 1,945,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $120,434,400
- VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 1,936,917 shares (-63.9%) from their portfolio in Q1 2026, for an estimated $119,933,900
- BANK OF AMERICA CORP /DE/ removed 1,547,803 shares (-22.8%) from their portfolio in Q1 2026, for an estimated $95,839,961
- AMUNDI added 1,494,404 shares (+44.5%) to their portfolio in Q1 2026, for an estimated $92,533,495
- DISCOVERY CAPITAL MANAGEMENT, LLC / CT added 1,409,300 shares (+inf%) to their portfolio in Q1 2026, for an estimated $87,263,856
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
