onsemi Q3 2026 Investor Presentation

Quarterly Investor Presentation — Third Quarter 2026

सामग्री

Cover slide with the onsemi logo, the title 'Quarterly Investor Presentation' and subtitle 'Third Quarter 2026', marked Public Information.

लेआउट संरचना

Left-aligned title block on dark navy background; right side holds a large orange-outlined hexagon image frame.

मुख्य दृश्य तत्व

• •onsemi wordmark
• •Orange hexagon frame
• •Illustration of a robot, EV on a road, solar panels, wind turbines and an onsemi chip

Safe Harbor Statement and Non-GAAP and Forecast Information

सामग्री

Forward-looking statements disclaimer under Section 27A of the Securities Act and Section 21E of the Exchange Act, covering Q4 2026 guidance and referring to risk factors in the 2025 Form 10-K filed February 9, 2026; notes that non-GAAP reconciliations are in the earnings release and the appendix.

लेआउट संरचना

Full-width text slide with orange top bar, heading and two paragraphs of legal copy; footer with logo and page number.

मुख्य दृश्य तत्व

• •Orange header bar
• •Dense legal text
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Q3'26 Highlights

सामग्री

Six highlights: exceeded the midpoint of guidance for revenue, non-GAAP gross margin and EPS; EPS grew four times faster than revenue year over year for the third consecutive quarter; revised Synaptics merger terms to deliver immediate EPS accretion upon close; fifth consecutive quarter of non-GAAP gross margin expansion; AI data center revenue up 39% sequentially and 175% year over year; introduced the Embedded Power Platform (EPP) with 3-5x higher power density.

लेआउट संरचना

Honeycomb of orange-outlined hexagons, text hexagons interleaved with image hexagons (satellite network, EV cutaway, server racks).

मुख्य दृश्य तत्व

• •Hexagon honeycomb grid
• •Orange outlines
• •Photographic hexagon tiles

Q3'26 Non-GAAP Financial Performance

सामग्री

Q3'26 non-GAAP results: revenue $1.72B (+7% Q/Q), gross margin 41.2% (+190 bps Q/Q), operating margin 23.2% (+240 bps Q/Q), diluted EPS $0.90 (+$0.16 Q/Q), LTM FCF margin 25.4% (+350 bps Y/Y). Revenue by end market: Automotive $777m (-1% Q/Q), Industrial $467m (+10% Q/Q), AI Data Center $180m (+39% Q/Q), Other $299m (+11% Q/Q).

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Top row of five KPI tiles with value and orange change label; bottom row of four color-coded end-market cards (blue, green, red, grey).

मुख्य दृश्य तत्व

• •KPI tiles
• •Orange delta labels
• •Color-coded end-market cards

Strategic Announcements

सामग्री

Three press announcements: onsemi and Synaptics announce a revised merger agreement; onsemi introduces the Embedded Power Platform, a breakthrough architecture for the AI era; Subaru to evaluate onsemi's Embedded Power Platform for future EVs. Links to onsemi.com press announcements.

लेआउट संरचना

Three equal columns, each an image card framed by orange bars above a bold headline with an orange accent mark.

मुख्य दृश्य तत्व

• •Physical AI graphic (data center, industrial, automotive)
• •EPP wafer photo
• •Subaru logo
• •Press link footer

Q4'26 Guidance Highlights

सामग्री

Q4'26 guidance at a glance (midpoints non-GAAP): revenue $1,765m (GAAP and non-GAAP $1,715m-$1,815m); gross margin 42.5% (GAAP 41.4%-43.4%, non-GAAP 41.5%-43.5%); opex $311m (GAAP $331m-$346m, non-GAAP $303m-$318m); EPS $1.01 (GAAP $0.88-$1.00, non-GAAP $0.95-$1.07).

लेआउट संरचना

Wide banner image across the top labeled 'Guidance at a Glance', above four rounded guidance cards with a large midpoint figure and GAAP/non-GAAP ranges.

मुख्य दृश्य तत्व

• •Banner photo of wafer, factory and EV
• •Four guidance cards
• •Orange 'Midpoint' and 'Non-GAAP' labels

onsemi Overview

सामग्री

Section divider introducing the company overview and strategy section.

लेआउट संरचना

Diagonal split layout: logo and grey stripes on the left, angled orange line, circuit-board image on the right, section title in a dark band.

मुख्य दृश्य तत्व

• •Glowing circuit board with chip icons for solar, auto, AI and robotics
• •Diagonal orange accents

The Technology Constraint has Shifted from Power to Power Density

सामग्री

Contrasts 'the power of yesterday' (electrical components: more watts, bigger, centralized) with 'the power of today' (multi-physics systems: more watts, smaller, distributed) across four dimensions: electrical, thermal, mechanical and physical. Tagline: more power, less space, higher efficiency, unmatched reliability; 'We solved power, now we solve power density'.

लेआउट संरचना

Blue-framed left panel and orange-framed right panel bracketing four icon columns; bottom gradient arrow banner from blue to orange.

मुख्य दृश्य तत्व

• •Lightning, thermometer, gear and blueprint icons
• •Blue-to-orange arrow banner
• •Component vs system imagery

Solving The Power Density Problem with Complete and Unique Suite of Capabilities

सामग्री

Three capability pillars: HV 'the device' (IGBT, SiC MOSFET/JFET, GaN and vertical GaN across a cost/density map); Treo 'the intelligence' (analog and mixed-signal platform with power, AFE, compute and communications subsystems); EPP 'the integration' (silicon as the system). The onsemi advantage: power across silicon, SiC and GaN for the full 0.8V-800V power tree; vertical GaN Syracuse-built with 180+ patents and 700V and 1200V sampling; Treo on a BCD 65nm process; EPP built on a Si wafer with mixed dies.

लेआउट संरचना

Three framed columns (device chart, block diagram, wafer image) above a full-width 'onsemi Advantage' summary strip with four entries.

मुख्य दृश्य तत्व

• •Technology positioning chart
• •Treo platform block diagram
• •Wafer close-up with magnifier

onsemi's Embedded Power Platform

सामग्री

EPP positioned as 'the silicon becomes the system' and a new category of power systems: it uses the silicon wafer itself as the package, embedding heterogeneous die for electrical, mechanical and thermal performance. Stats: 3-5x power density, 30% highest system value, 12-inch standard manufacturing, 4-month time to market, plus best-in-class inductance and superior thermal performance. 'Not a product. A platform.'

लेआउट संरचना

Large hero headline with orange emphasis on the left, a stat bar of four figures plus two check items, explanatory paragraph with orange rule; wafer and magnified die image on the right.

मुख्य दृश्य तत्व

• •Oversized headline
• •Stat strip
• •Wafer with magnifying-lens callout

Vertical GaN: Investable Edge in High Power Density

सामग्री

Vertical GaN applications: AI data centers (smaller 800V converters, higher rack compute density), renewable energy, electric vehicles (faster charging, smaller inverters) and aerospace, defense and security. GaN-on-GaN vertical current flow gives higher current density, voltage handling and faster switching than silicon and SiC; built in a 66K sq ft facility in Syracuse, NY with a 20K sq ft cleanroom; onsemi is first to scale vertical GaN with 700V/1,200V devices sampling and volume production targeted for late 2026.

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Chevron-shaped photo strip of four application images with captions, above three text cards (Breakthrough, Manufacturing Excellence, Leading in Scale).

मुख्य दृश्य तत्व

• •Chevron photo banner
• •Server racks, battery containers, EV charger and fighter jet images
• •Orange-edged text cards

AI Data Center: Power Delivery from the Grid to the Core

सामग्री

Two power-tree diagrams: today's 54V DC architecture (120kW rack, onsemi opportunity ~$15K per rack) and the 2030 800V HVDC architecture (600kW-1MW rack, ~$115K per rack) opening wide-bandgap content (SiC MOSFET, SiC JFET, GaN). onsemi expects AI data center revenue to more than double year over year in 2026 and double again in 2027, with the full 0.8V-800V portfolio across Si, SiC FET, SiC JFET, GaN and vGaN. Source: onsemi estimates.

लेआउट संरचना

Two stacked block-flow diagrams from utility grid to GPU, each with an orange 'Today' / '2030' arrow panel and rack-value callout; four bullets below.

मुख्य दृश्य तत्व

• •Power-tree block diagrams
• •Bus bar callouts
• •Orange per-rack opportunity panels

Building the Car: onsemi in Every Subsystem, outgrowing SAAR by 9%

सामग्री

Automotive content map with up to $2,000 of onsemi content per vehicle: vehicle electrification (EPP, EliteSiC FET, SiC current controller; 48V transition with HV Si FET, GaN/SiC gate drivers, SmartFET/eFuse), zonal electronics (LED drivers, 10BASE-T1S Ethernet, CAN/LIN, LDOs, protection) and ADAS (8Mp and 3Mp image sensors, iToF, SWIR, ultrasonic, inductive, rain and light sensing). Recently added products are highlighted in orange.

लेआउट संरचना

Left column of three color-coded product lists; right side a transparent X-ray car rendering with highlighted modules; orange banner for the per-vehicle content claim.

मुख्य दृश्य तत्व

• •X-ray car cutaway
• •Color-coded subsystem lists
• •Orange gradient banner

Diverse and Expanding Industrial Opportunity

सामग्री

Six industrial segments: AI halo (grid upgrades and high-voltage energy storage), energy infrastructure (power generation and EV charging), traditional industrial (power tools, HVAC, building automation, motor control), factory automation (robotics, warehouse automation, humanoids), AD&S (satellites, space, weapon systems, commercial aviation) and medical (CGMs, hearing health, imaging, diagnostics).

लेआउट संरचना

Two-by-three grid of rounded cards with glowing colored borders, each with a photo header, segment label, tagline and examples.

मुख्य दृश्य तत्व

• •Photo-topped rounded cards
• •Neon-style colored borders
• •Segment labels

Disciplined Capital Allocation Compounds Shareholder Value

सामग्री

Four-step capital allocation framework: reinvest in differentiated products, R&D and capacity; strategic M&A to expand TAM with clear financial merit; maintain a strong balance sheet, liquidity and leverage profile; return 100% of free cash flow through share repurchases, with $5.3B remaining under the existing authorization as of Q3 2026.

लेआउट संरचना

Four interlocking chevron panels in blue, teal, yellow and orange, each with an icon, heading, subheading and description.

मुख्य दृश्य तत्व

• •Colored chevron sequence
• •Line icons
• •Footnote

Technology Leadership Powers Shareholder Value

सामग्री

Non-GAAP long-term model, 2025A vs 2030 target: revenue $6.0B to +12-14% CAGR; gross margin 38.4% to 53%; operating expenses 19.8% to 15%; operating margin 18.6% to 38% (operating income grows more than 2x revenue); capex 5.7% to ~5%; free cash flow 23.7% to 30-35%, with 100% of FCF returned through buybacks. Non-GAAP tax rate stays at 15% through 2030.

लेआउट संरचना

Six-row table with metric, 2025 actual, orange 2030 target and a bullet explanation per row.

मुख्य दृश्य तत्व

• •Row-banded table
• •Orange target column header
• •Footnote

Appendix

सामग्री

Section divider opening the appendix of financial detail and reconciliations.

लेआउट संरचना

Same diagonal split divider as page 7 with a data-visualization image on the right.

मुख्य दृश्य तत्व

• •Glowing 3D bar chart image
• •Diagonal orange accents

Non-GAAP Financial Performance

सामग्री

Five-period table (2025 actual, Q1'26, Q2'26, Q3'26 actual, Q4'26 guide, long-term target): revenue $5,995.4m / $1,513.3m / $1,603.5m / $1,722.3m / $1,715-1,815m / +12-14% CAGR; gross margin 38.4% / 38.5% / 39.3% / 41.2% / 41.5-43.5% / 53%; opex $1,185.4m / $293.7m / $296.8m / $309.5m / $303-318m / 15%; operating margin 18.6% / 19.1% / 20.8% / 23.2% / 38%; capex $341.2m / $21.9m / $34.3m / $27.8m / $40-50m / ~5%; LTM FCF 23.7% / 19.5% / 24.2% / 25.4% / 30-35%; EPS $2.35 / $0.64 / $0.74 / $0.90 / $0.95-1.07.

लेआउट संरचना

Banded financial table with a dashed orange outline around the guidance column and a commentary column in orange text.

मुख्य दृश्य तत्व

• •Highlighted guidance column
• •Alternating row shading
• •Commentary bullets

Q4'26 Guidance

सामग्री

GAAP to non-GAAP bridge for Q4'26 guidance: revenue $1,715-1,815 million; gross margin 41.4-43.4% GAAP plus 0.1% special items equals 41.5-43.5%; opex $331-346 million less $29 million equals $303-318 million; other income and expense ($27 million); diluted EPS $0.88-1.00 plus $0.07 equals $0.95-1.07; diluted shares 397 million GAAP and 392 million non-GAAP.

लेआउट संरचना

Three-column table (GAAP, Special Items, Non-GAAP) with six metric rows.

मुख्य दृश्य तत्व

• •Blue column headers
• •Banded rows

Notes to Q4'26 Guidance

सामग्री

Footnotes on diluted share count and convertible note hedge and warrant thresholds for the 0% notes due 2027, 0.50% notes due 2029 and 0% notes due 2031; list of special items excluded from non-GAAP; and the rationale for using non-GAAP measures.

लेआउट संरचना

Full-width text slide with three asterisk-marked footnote paragraphs.

मुख्य दृश्य तत्व

• •Dense footnote text
• •Orange header bar

GAAP to Non-GAAP Reconciliation ($ millions)

सामग्री

Reconciliations for FY2025, Q1'26, Q2'26 and Q3'26: GAAP gross margin 41.4% to non-GAAP 41.2% in Q3; GAAP opex $334.7m to non-GAAP $309.5m; GAAP operating income $378.3m to non-GAAP $399.8m; GAAP operating margin 22.0% to non-GAAP 23.2%; LTM free cash flow $1,616.6m on LTM revenue $6,369.2m for a 25.4% margin.

लेआउट संरचना

Single large spreadsheet-style table with orange header row, blue section bands and dotted row lines.

मुख्य दृश्य तत्व

• •Orange-bordered table
• •Section header bands
• •Right-aligned figures

GAAP to Non-GAAP Reconciliation ($ millions, except share count and EPS)

सामग्री

Net income and EPS reconciliation: Q3'26 GAAP net income $313.9m to non-GAAP $354.0m; non-GAAP diluted shares 392.2m; non-GAAP diluted EPS $0.90 (FY2025 $2.35, Q1'26 $0.64, Q2'26 $0.74). The last column header reads 'Q2'26' twice in the original slide, but its figures are the Q3'26 values.

लेआउट संरचना

Spreadsheet-style table with orange header, adjustment lines a) to i), share-count and EPS sections.

मुख्य दृश्य तत्व

• •Orange header row
• •Blue section bands
• •Bold totals

Closing Slide

सामग्री

onsemi logo with the tagline 'Intelligent Technology. Better Future.', a 'Follow us @onsemi' prompt with LinkedIn, X and Facebook icons, and onsemi.com.

लेआउट संरचना

Centered logo and tagline on navy hexagon-pattern background with a diagonal white and orange edge on the left.

मुख्य दृश्य तत्व

• •Large wordmark
• •Social media icons
• •Hexagon pattern