【導(dǎo)讀】2026 年 11 月 3 日，安森美（onsemi，ON）公布 2026 年第三季度財報。本季度營收 17.22 億美元，同比增長 11%，盈利增幅大幅高于營收；AI 數(shù)據(jù)中心業(yè)務(wù)同比大增 175%、環(huán)比上漲 39%，毛利率連續(xù)第五個季度提升。同時官宣收購 Ferric、調(diào)整 Synaptics 收購方案，落地斯巴魯、陽光電源合作，持續(xù)布局 AI 供電、車載電源、碳化硅賽道。
中國 上海，2026年11月3日 ——安森美（onsemi，美國納斯達克股票代號：ON）公布其2026年第三季度業(yè)績，要點如下：
第三季度營收為17.22億美元，同比增長11%
第三季度公認會計原則（以下簡稱“GAAP”）毛利率41.4%，非GAAP毛利率41.2%
第三季度GAAP營業(yè)利潤率為22.0%，非GAAP營業(yè)利潤率為23.2%
第三季度GAAP每股攤薄收益為0.79美元，非GAAP每股攤薄收益為0.90美元
運營現(xiàn)金流同比增長23%至5.16億美元
自由現(xiàn)金流為4.89億美元，同比增長31%，占營收的28%
安森美總裁兼首席執(zhí)行官Hassane El-Khoury表示：“AI數(shù)據(jù)中心和工業(yè)終端市場的電力需求持續(xù)攀升，客戶正加速采用并量產(chǎn)我們的差異化產(chǎn)品。第三季度營收、毛利率和每股收益均高于公司指引區(qū)間中值；AI數(shù)據(jù)中心營收環(huán)比增長39%，同比增長175%。”
安森美執(zhí)行副總裁兼首席財務(wù)官Thad Trent表示：“毛利率連續(xù)第五個季度提升，環(huán)比增長190個基點。公司業(yè)績再次體現(xiàn)出業(yè)務(wù)模式的經(jīng)營杠桿效應(yīng)，營收同比增長11%，每股收益同比增長超過40%。我們持續(xù)推進的fab right舉措和加速量產(chǎn)的差異化新產(chǎn)品，將進一步推動毛利率和盈利增長，為安森美實現(xiàn)持久、可盈利的增長奠定基礎(chǔ)。”
2026年第三季度業(yè)務(wù)亮點：
宣布達成收購Ferric的協(xié)議，確立安森美在下一代AI處理器供電領(lǐng)域的領(lǐng)先地位，并將2030年AI數(shù)據(jù)中心營收目標上調(diào)5億美元至超過30億美元。
宣布修訂計劃收購Synaptics的條款，交易金額約為57億美元現(xiàn)金，相較此前協(xié)議的70億美元股票交易有所降低，預(yù)計該交易將立即增厚非GAAP每股收益。
與斯巴魯（Subaru）開展戰(zhàn)略技術(shù)合作，斯巴魯將能率先采用新推出的嵌入式電源平臺（Embedded Power Platform，EPP）。該突破性電源架構(gòu)集成了異構(gòu)技術(shù)。
陽光電源（Sungrow）采用安森美最新的EliteSiC碳化硅（SiC）混合功率模塊技術(shù)，助力能源供應(yīng)商滿足AI、可再生能源和電氣化發(fā)展帶來的日益增長的電力需求。
下表概列2026年第三季度與可比較時期的部分財務(wù)業(yè)績（未經(jīng)審計）：
第三季度業(yè)績
收入?yún)R總
（百萬美元）
（未經(jīng)審計）
收入摘要
2026年第四季度展望
下表概列安森美預(yù)計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.
電話會議
安森美已于美國東部時間（ET）2026年11月2日下午5時舉行金融界電話會議，討論此次發(fā)布及安森美2026年第三季度業(yè)績。
關(guān)于安森美（onsemi）
安森美（onsemi, 納斯達克股票代號：ON）提供智能電源和智能感知技術(shù)，推動汽車、工業(yè)及人工智能數(shù)據(jù)中心等終端市場實現(xiàn)電氣化升級，并提升能效、安全性和自動化水平。憑借高度差異化的創(chuàng)新產(chǎn)品組合，安森美助力客戶攻克復(fù)雜的挑戰(zhàn)，以實現(xiàn)更高能效、更優(yōu)性能和更低的系統(tǒng)成本，攜手共建一個更安全、更清潔、更節(jié)能的世界。安森美被納入標普500指數(shù)
結(jié)論
安森美 2026 年第三季度業(yè)績凸顯 AI 電源賽道的增長紅利，AI 數(shù)據(jù)中心業(yè)務(wù)成為核心增長引擎。Fab Right 降本策略持續(xù)推高毛利率，疊加 Ferric、Synaptics 收購布局、碳化硅與車載電源項目落地，進一步夯實智能電源、智能感知的產(chǎn)品壁壘，支撐長期可盈利增長。
