ON Semiconductor reported a severe operational downturn for the nine months ended October 3, 2025. Revenue declined 17% YoY to $4.47 billion, resulting in a Net Loss of $(60.8) million, a significant reversal from $1.19 billion income last year. Gross Margin contracted sharply to 32.1% (down from 45.5%). This poor performance was primarily attributed to a $608.1 million total charge stemming from the 2025 Manufacturing Realignment Program. This included $487.9 million in non-cash asset impairment charges related to equipment classified as held-for-sale, and $235.8 million in inventory wr
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