onsemi (NASDAQ:ON – Get Free Report) updated its third quarter 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.810-0.930 for the period, compared to the consensus earnings per share estimate of 0.830. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion. Zacks Research lowered onsemi from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Neutral Sentiment: Q3 guidance was broadly constructive: Revenue is expected at roughly $1.65 billion to $1.75 billion, with adjusted EPS guidance of $0.81 to $0.93.