On Semiconductor Corp

Company facts

Industry

Semiconductors & Related Devices

Headquarters

Scottsdale, Arizona

Most recent report

8-K, filed Aug 13, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 1097864

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jul 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 2 positive, 12 notable, and 3 negative flags.

• Legal Proceedings (Item 1)

  Core statements with acquisition, debt, litigation resolution, and segment results.
  Positive

  • Court dismissed securities class action with prejudice, removing a major legal overhang.
  Notable

  • One distributor accounted for 14% of Q2 2026 revenue, up from 12% a year ago.
  • LTSA backlog: $6.1B in remaining performance obligations, 37% expected as revenue within 12 months.
  • Issued $1.5B 0% convertible notes due 2031; net proceeds $1,472.9M used partly for share repurchase.
  Negative

  • Synaptics acquisition: all-stock deal, 12% pro forma ownership to Synaptics holders, termination fees $235M/$320M.
  • Restructuring cut 650 jobs; H1 2026 charges $370.5M including $163.3M asset impairments.

• Unregistered Sales and Repurchases (Item 2)

  Synaptics acquisition, financial results, restructuring, and capital allocation all carry material facts.
  Positive

  • Gross margin improved to 38.4% in Q2 2026 from 37.6% a year ago.
  Notable

  • Synaptics acquisition, all-stock, 12% pro forma ownership to Synaptics stockholders, expected close mid-2027.
  • Potential termination fee of $320.0M to Synaptics if regulatory approvals fail.
  • Repurchased $334.7M of stock in Q2 2026; $683.3M in H1 2026.
  • Manufacturing realignment charges of $41.2M in Q2 2026; $370.5M in H1 2026.
  • Operating cash flow fell to $698.8M in H1 2026 from $786.6M, despite improved net income.
  Negative

  • One distributor accounted for 14% of Q2 2026 revenue, up from 12% a year ago.

• Risk Factors (Item 1A)

  New risk factors for the proposed $320M-termination-fee Synaptics merger are material.
  Notable

  • onsemi may suspend or limit stock repurchases under its New Share Repurchase Program during the merger.
  • The merger will substantially expand onsemi's operations, imposing added management responsibilities and competition risks.
  • Synaptics has a $350M secured credit facility and 4% senior notes due 2029 that onsemi intends to redeem.
  • Synaptics' convertible notes may convert into onsemi common stock, diluting existing stockholders.

What changed: Jul 2026 vs. Apr 2026

About 32% of ON's Jul 2026 10-Q is new information. 116 paragraphs were added, 117 changed, and 26 removed. Below are the most important lines SECSift identified.

• Item 1 74
• Item 2 66
• Item 1A 51
• Part II 2
• Item 5 2
• Item 4 2
• Item 6 1