onsemi has announced its financial results for the third quarter of 2025, reporting performance that surpassed expectations and reflected the continued effectiveness of its strategic execution.
The company posted revenue of $1,550.9 million, with a GAAP gross margin of 37.9 percent and a non-GAAP gross margin of 38.0 percent. GAAP operating margin was 17.0 percent, while non-GAAP operating margin reached 19.2 percent. Both GAAP and non-GAAP diluted earnings per share came in at $0.63.
Cash from operations totaled $418.7 million. Free cash flow rose 22 percent year-over-year to $372.4 million, representing 24 percent of total revenue. onsemi has repurchased $925 million in shares year-to-date, equating to approximately 100 percent of its free cash flow.
“Our third quarter results exceeded expectations, underscoring the strength of our strategy and the resilience of our business model,” said Hassane El-Khoury, President and CEO of onsemi. “We’re seeing continued signs of stabilization across our core markets, as well as positive growth in AI. As energy efficiency becomes a defining requirement for next-generation automotive, industrial, and AI platforms, we are expanding our offering to deliver system-level value that enables our customers to achieve more with less power.”
The company continues to see stabilization in its automotive and industrial segments, with accelerating opportunities in AI applications. Additional details, including its fourth quarter 2025 outlook, are available in the company’s full earnings disclosure.
Original – onsemi