ON · ON Semiconductor Corporation

ON Semiconductor Corp ON

Designs and manufactures power semiconductors, sensors, and chips for automotive, industrial, and cloud-computing customers.

Daily briefOctober 2, 2026

ON Semiconductor rises after switching its Synaptics bid to an all-cash deal

+6.01% to $84.89 from $80.08

ON Semiconductor amended its merger agreement with Synaptics to an all-cash acquisition at $123 per share, valuing Synaptics at about $5.7 billion, down from roughly $7 billion under the prior stock-and-cash structure.
The revised terms came after Synaptics received an unsolicited competing proposal; the deal is partly financed with a $2.45 billion committed term loan from Morgan Stanley.
Shares rose as much as 8% as investors welcomed the cash structure, which shields ON’s share count from dilution.
The companies said the amended transaction is expected to be immediately earnings-accretive for ON, with about $200 million in synergies targeted within 18 months of closing.

Sources: Seeking Alpha · TipRanks · 24/7 Wall St · Benzinga

Daily briefAugust 4, 2026

+0.47% to $80.78 from $80.40

Q2 revenue was $1.6 billion with non-GAAP gross margin of 39.3% and non-GAAP EPS of $0.74, slightly above the $0.736 consensus.
Free cash flow quadrupled year over year to $425.4 million, and cash from operations rose 150%.
Q3 guidance calls for revenue of $1.65-$1.75 billion and non-GAAP EPS of $0.81-$0.93.
The company said AI data-center revenue is expected to more than double in 2026, citing new design wins including Nvidia MGX, Great Wall, and AWS.
Shares gained roughly 7% in after-hours trading following the report.

Sources: Investing.com · Benzinga · ChartMill