ON changes
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- Price
- $72.60 → $73.62(+1.4%)
- Recent events
- Nov added: 6, 2026: onsemi and the Czech Ministry of Industry and Trade agreed not to go ahead with the planned expansion of silicon carbide production at onsemi's Rožnov pod Radhoštěm site, which they announced in June 2024. onsemi said that the decision comes from changes in the silicon carbide market and in the economics of the project. The current silicon and silicon carbide operations at the site continue. Nov 2, 2026: onsemi reported Q3 2026 results. Revenue rose 11% from a year earlier to $1.72 billion, and PSG revenue rose 21%. AI data center revenue rose 175% from a year earlier, and automotive revenue fell 1%. The non-GAAP gross margin was 41.2%, and non-GAAP EPS was $0.90, both above the middle of the guidance. Free cash flow was $489 million. For Q4, onsemi guided revenue of $1.715 billion to $1.815 billion and non-GAAP EPS of $0.95 to $1.07. Nov 2, 2026: onsemi agreed to buy Ferric, which makes integrated voltage regulators for AI processors, for $600 million in cash, plus up to $175 million more if Ferric meets revenue targets through 2029. onsemi will pay with cash on hand and expects the deal to close by the end of 2026. It raised its 2030 AI data center revenue target by $500 million to more than $3 billion. Oct 19, 2026: Synaptics filed its definitive proxy statement for the onsemi deal. Synaptics shareholders will vote on the deal at a special meeting on November 17, 2026. Oct 15, 2026: onsemi said that it will report its Q3 2026 results after the market closes on November 2, 2026. Oct 5, 2026: onsemi completed its purchase of Silver Atena, which adds systems engineering and application skills, for $52.2 million in cash. Oct 1, 2026: onsemi and Synaptics changed their merger agreement after Synaptics received an unsolicited offer from another company. onsemi will now pay $123 per Synaptics share in cash, about $5.7 billion, in place of the June all-stock deal worth about $7 billion. onsemi now expects the deal to add to non-GAAP EPS at once. Morgan Stanley committed up to $2.45 billion of secured term loans. The US Federal Trade Commission approved the deal, and onsemi still expects it to close by mid-2027. Sep 16, 2026: onsemi held an investor day. It said that it addresses a market of $213 billion by 2030 across cars, industry and AI data centers. It also launched an Embedded Power Platform for AI data centers, and Subaru agreed to evaluate it for future electric vehicles. Aug 3, 2026: onsemi reported Q2 2026 results. Revenue rose 9% from a year earlier to $1.60 billion, and PSG revenue rose 19%. The non-GAAP gross margin was 39.3%, and non-GAAP EPS was $0.74. Free cash flow was $425 million, and share buybacks were $332 million. onsemi now expects AI data center revenue to more than double in 2026. For Q3, it guided revenue of $1.65 billion to $1.75 billion and non-GAAP EPS of $0.81 to $0.93. Jun 25, 2026: onsemi agreed to buy Synaptics in an all-stock deal, 1.350 onsemi shares for each Synaptics share. Synaptics owners would have owned about 12% of the combined company. onsemi expected $200 million of annual cost synergies. May 11, 2026: onsemi issued $1.5 billion of 0% convertible notes due May 1, 2031. It paid $351.6 million for hedges that reduce the dilution from the notes.