v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2026
Oct. 03, 2025
Oct. 02, 2026
Oct. 03, 2025
Income Statement [Abstract]        
Revenue $ 1,722.3 $ 1,550.9 $ 4,839.1 $ 4,465.3
Cost of revenue 1,009.3 963.7 2,926.7 3,032.4
Gross profit 713.0 587.2 1,912.4 1,432.9
Operating expenses:        
Research and development 145.0 141.9 430.1 449.8
Selling and marketing 66.8 62.8 193.1 194.4
General and administrative 107.8 87.3 299.1 262.9
Amortization of intangible assets 10.5 11.2 31.5 33.6
Restructuring, asset impairments and other, net 4.6 19.6 375.1 608.1
Total operating expenses 334.7 322.8 1,328.9 1,548.8
Operating income (loss) 378.3 264.4 583.5 (115.9)
Other income (expense), net:        
Interest expense (13.9) (17.7) (40.3) (53.6)
Interest income 17.3 22.7 52.4 74.5
Other income 17.6 3.6 30.0 9.2
Other income (expense), net 21.0 8.6 42.1 30.1
Income (loss) before income taxes 399.3 273.0 625.6 (85.8)
Income tax (provision) benefit (84.9) (17.7) (116.6) 27.6
Net income (loss) 314.4 255.3 509.0 (58.2)
Less: Net income attributable to non-controlling interest (0.5) (0.3) (1.7) (2.6)
Net income (loss) attributable to ON Semiconductor Corporation $ 313.9 $ 255.0 $ 507.3 $ (60.8)
Net income (loss) per share of common stock attributable to ON Semiconductor Corporation:        
Basic (in dollars per share) $ 0.81 $ 0.63 $ 1.30 $ (0.15)
Diluted (in dollars per share) $ 0.79 $ 0.63 $ 1.27 $ (0.15)
Weighted-average shares of common stock outstanding:        
Basic (in shares) 389.3 406.9 391.2 414.3
Diluted (in shares) 397.3 408.0 400.0 414.3
Comprehensive income (loss), net of tax:        
Net income (loss) $ 314.4 $ 255.3 $ 509.0 $ (58.2)
Foreign currency translation adjustments 0.8 (0.9) (0.4) 1.9
Effects of cash flow hedges and other adjustments 8.7 (3.1) (1.7) 6.1
Other comprehensive income (loss), net of tax 9.5 (4.0) (2.1) 8.0
Comprehensive income (loss) 323.9 251.3 506.9 (50.2)
Comprehensive income attributable to non-controlling interest (0.5) (0.3) (1.7) (2.6)
Comprehensive income (loss) attributable to ON Semiconductor Corporation $ 323.4 $ 251.0 $ 505.2 $ (52.8)