On Semiconductor released its Q3 2025 financial results, with the silicon carbide market performance meeting expectations.

On Semiconductor recently released its Q3 2025 financial results, showing revenue of $1.5509 billion, a 6% increase quarter-over-quarter. The Power Solutions segment generated $737.6 million in revenue, a 6% year-over-year increase, while the Intelligent Sensing segment generated $230 million in revenue, a 7% quarter-over-quarter increase. Looking ahead, On Semiconductor expects Q4 revenue to be between $1.48 billion and $1.58 billion. Furthermore, On Semiconductor revealed in its earnings call that its first-generation vertical gallium nitride (GaN) products have been sampled and tested by leading customers in the automotive and artificial intelligence sectors. On Semiconductor is currently developing its second-generation products, which are expected to begin generating revenue around 2027.