ON files 8-K — Item 2.02 Results of Operations

What Was Filed

ON Semiconductor Corporation, with a $40.5 billion market cap, filed an 8-K with the SEC, accepted May 4, 2026 at 16:10:34, disclosing Item 2.02 (Results of Operations and Financial Data). Per SEC plain-language definitions, Item 2.02 covers material quarterly or annual operating results, and is almost always submitted alongside a company’s official earnings press release. The filing is hosted at the provided EDGAR link: https://www.sec.gov/Archives/edgar/data/1097864/000114036126018868/ef20072220_ex99-1.htm, and was submitted the same day as the firm’s Q1 2026 10-Q quarterly report. No additional SEC items were included in this filing, per the provided details.

The Disclosure

For a semiconductor firm of ON’s size, Item 2.02 filings typically include finalized quarterly financial results, segment revenue breakdowns, and optional forward-looking guidance. Per the provided earnings history, this filing covers Q1 2026 results: total reported revenue of $1.5133 billion, which beat consensus analyst estimates of $1.4877 billion by approximately $25.6 million. The filing does not include a reported EPS figure, as actual EPS was listed as "None" against a consensus estimate of $0.61.

Cross-Reference to Prior Signals

This earnings filing follows a series of insider stock sales by ON’s top finance executive in April 2026, per the provided Form 4 insider transaction data. Executive VP & CFO Thad Trent sold 90,000 total ON shares across three transactions: 30,000 shares at $80 on April 17, 30,000 shares at $93 on April 27, and a final 30,000 shares at $100 on April 27, totaling $8.19 million in gross proceeds. The $100 per-share sale occurred exactly two weeks prior to this 8-K filing, marking the highest-priced of Trent’s recent sales. Additionally, analyst ratings shifted slightly in April 2026: the April 1 distribution included one Strong Buy, 12 Buy, 23 Hold, 1 Sell, and 1 Strong Sell rating, down from two Strong Buys in March 2026.

What This Filing Does NOT Tell Us

1. Finalized EPS metrics: The provided metadata lists actual Q1 2026 EPS as "None," so the full GAAP or non-GAAP earnings per share details are not included in the high-level filing summary.

2. Segment-specific revenue breakdowns: While contextual news coverage references AI data-center demand driving results, the filing does not specify how much of the total $1.5133 billion revenue came from high-growth segments like automotive or data center solutions.

3. Forward-looking guidance: Most Item 2.02 filings include quarterly or full-year financial outlook, but no mention of guidance was included in the available filing details.