盈利增长同比超营收增长的4倍
安森美（onsemi，美国纳斯达克股票代号：ON）公布其2026年第三季度业绩，要点如下：
- 第三季度营收为17.22亿美元，同比增长11%
- 第三季度公认会计原则（以下简称“GAAP”）毛利率41.4%，非GAAP毛利率41.2%
- 第三季度GAAP营业利润率为22.0%，非GAAP营业利润率为23.2%
- 第三季度GAAP每股摊薄收益为0.79美元，非GAAP每股摊薄收益为0.90美元
- 运营现金流同比增长23%至5.16亿美元
- 自由现金流为4.89亿美元，同比增长31%，占营收的28%
安森美总裁兼首席执行官Hassane El-Khoury表示：“AI数据中心和工业终端市场的电力需求持续攀升，客户正加速采用并量产我们的差异化产品。第三季度营收、毛利率和每股收益均高于公司指引区间中值；AI数据中心营收环比增长39%，同比增长175%。”
安森美执行副总裁兼首席财务官Thad Trent表示：“毛利率连续第五个季度提升，环比增长190个基点。公司业绩再次体现出业务模式的经营杠杆效应，营收同比增长11%，每股收益同比增长超过40%。我们持续推进的fab right举措和加速量产的差异化新产品，将进一步推动毛利率和盈利增长，为安森美实现持久、可盈利的增长奠定基础。”
2026年第三季度业务亮点：
- 宣布达成收购Ferric的协议，确立安森美在下一代AI处理器供电领域的领先地位，并将2030年AI数据中心营收目标上调5亿美元至超过30亿美元。
- 宣布修订计划收购Synaptics的条款，交易金额约为57亿美元现金，相较此前协议的70亿美元股票交易有所降低，预计该交易将立即增厚非GAAP每股收益。
- 与斯巴鲁（Subaru）开展战略技术合作，斯巴鲁将能率先采用新推出的嵌入式电源平台（Embedded Power Platform，EPP）。该突破性电源架构集成了异构技术。
- 阳光电源（Sungrow）采用安森美最新的EliteSiC碳化硅（SiC）混合功率模块技术，助力能源供应商满足AI、可再生能源和电气化发展带来的日益增长的电力需求。
下表概列2026年第三季度与可比较时期的部分财务业绩（未经审计）：
第三季度业绩
收入汇总
（百万美元）
（未经审计）
收入摘要
2026年第四季度展望
下表概列安森美预计2026年第四季度的GAAP及非GAAP展望：
*Diluted shares outstanding can vary as a result of, among other things, the vesting of restricted stock units, the incremental dilutive shares from the convertible notes, and the repurchase or the issuance of stock or convertible notes or the sale of treasury shares. In periods when the quarterly average stock price per share exceeds $52.97 for the 0% Convertible Senior Notes due 2027 (the “0% Notes”), $103.87 for the 0.50% Convertible Senior Notes due 2029 (the “0.50% Notes”), and $161.30 for the 0% Convertible Senior Notes due 2031 (the “2031 0% Notes”), the non-GAAP diluted share count and non-GAAP net income per share include the anti-dilutive impact of the hedge transactions entered concurrently with the 0% Notes, the 0.50% Notes, and the 2031 0% Notes, respectively. At an average stock price per share between $52.97 and $74.34 for the 0% Notes, $103.87 and $156.78 for the 0.50% Notes, and $161.30 and $211.54 for the 2031 0% Notes, the hedging activity offsets the potentially dilutive effect of the 0% Notes, the 0.50% Notes, and the 2031 0% Notes, respectively. In periods when the quarterly average stock price exceeds $74.34 for the 0% Notes, $156.78 for the 0.50% Notes, and $211.54 for the 2031 0% Notes, the dilutive impact of the warrants issued concurrently with such notes is included in the diluted shares outstanding. GAAP and non-GAAP diluted share counts are based on either the previous quarter's average stock price or the stock price as of the last day of the previous quarter, whichever is higher.
** Special items may include: amortization of acquisition-related intangibles; expensing of appraised inventory fair market value step-up; restructuring-related cost of revenue charges; non-recurring facility costs; in-process research and development expenses; restructuring, asset impairments and other, net; goodwill impairment charges; gains and losses on debt prepayment; actuarial (gains) losses on pension plans and other pension benefits; and certain other special items, as necessary. These special items are out of our control and could change significantly from period to period. As a result, we are not able to reasonably estimate and separately present the individual impact or probable significance of these special items, and we are similarly unable to provide a reconciliation of the non-GAAP measures. The reconciliation that is unavailable would include a forward-looking income statement, balance sheet and statement of cash flows in accordance with GAAP. For this reason, we use a projected range of the aggregate amount of special items in order to calculate our projected non-GAAP operating expense outlook.
*** We believe these non-GAAP measures provide important supplemental information to investors. We use these measures, together with GAAP measures, for internal managerial purposes and as a means to evaluate period-to-period comparisons. However, we do not, and you should not, rely on non-GAAP financial measures alone as measures of our performance. We believe that non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when taken together with GAAP results and the reconciliations to corresponding GAAP financial measures that we also provide in our releases, provide a more complete understanding of factors and trends affecting our business. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures, even if they have similar names.
电话会议
安森美已于美国东部时间（ET）2026年11月2日下午5时举行金融界电话会议，讨论此次发布及安森美2026年第三季度业绩。英语电话会议已在公司网站http://www.onsemi.cn的“投资者关系”网页作实时广播。实时网上广播大约1小时后在该网站回放，为时30天。
关于安森美（onsemi）
安森美（onsemi, 纳斯达克股票代号：ON）提供智能电源和智能感知技术，推动汽车、工业及人工智能数据中心等终端市场实现电气化升级，并提升能效、安全性和自动化水平。凭借高度差异化的创新产品组合，安森美助力客户攻克复杂的挑战，以实现更高能效、更优性能和更低的系统成本，携手共建一个更安全、更清洁、更节能的世界。安森美被纳入标普500指数。了解更多关于安森美的信息，请访问：http://www.onsemi.cn。
