ON Q3 2025 Earnings
Reported Nov 3, 2025 at 8:05 AM ET · SEC Source
Q3 25 EPS
$0.63
BEAT +6.64%
Est. $0.59
Q3 25 Revenue
$1.55B
BEAT +2.23%
Est. $1.52B
vs S&P Since Q3 25
+100.0%
BEATING MARKET
ON +106.7% vs S&P +6.7%
Market Reaction
Did ON Beat Earnings? Q3 2025 Results
ON Semiconductor delivered a solid beat in Q3 2025, posting earnings per share of $0.63 against a consensus estimate of $0.59, a 6.64% positive surprise, while revenue of $1.55 billion topped expectations by 2.23% and came in ahead of the $1.52 billi… Read more ON Semiconductor delivered a solid beat in Q3 2025, posting earnings per share of $0.63 against a consensus estimate of $0.59, a 6.64% positive surprise, while revenue of $1.55 billion topped expectations by 2.23% and came in ahead of the $1.52 billion consensus. The headline numbers masked a more complex picture, however, as revenue fell 12.0% year-over-year from the year-ago quarter, reflecting persistent pricing and mix headwinds that compressed GAAP gross margins to 37.9% from 45.4% a year earlier. The standout metric was free cash flow of $372.40 million, up 22% year-over-year and representing 24% of revenue, driven largely by capital expenditure discipline as spending dropped to $46.30 million from $161.70 million in Q3 2024. All three business segments showed sequential recovery, hinting at a potential cyclical trough. Looking ahead, management guided Q4 2025 revenue of $1.48 billion to $1.58 billion with non-GAAP EPS of $0.57 to $0.67, implying roughly flat sequential performance, even as the company prepares to absorb $200 million to $300 million in non-cash asset impairment and accelerated depreciation charges tied to ongoing manufacturing restructuring.
Key Takeaways
- • Stabilization across core automotive and industrial markets
- • Positive growth in AI-related demand
- • Free cash flow grew 22% year-over-year to 24% of revenue
- • Sequential revenue improvement of 6% across all three segments
ON YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
ON Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our third quarter results exceeded expectations, underscoring the strength of our strategy and the resilience of our business model. We're seeing continued signs of stabilization across our core markets, as well as positive growth in AI.”
— Hassane El-Khoury, Q3 2025 Earnings Press Release
ON Earnings Trends
ON vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ON EPS Trend
Earnings per share: estimate vs actual
ON Revenue Trend
Quarterly revenue: estimate vs actual
ON Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.62 | $0.64 | +2.63% | $1.53B | -0.45% |
| FY Full Year | $2.34 | $2.35 | +0.32% | $6.00B | -0.12% |
| Q3 25 BEAT | $0.59 | $0.63 | +6.64% | $1.55B | +2.23% |
| Q2 25 MISS | $0.53 | $0.53 | -0.39% | $1.47B | +1.21% |
| Q1 25 BEAT | $0.50 | $0.55 | +9.58% | $1.45B | +3.13% |