Key Highlights

  • ON Semiconductor reported Revenue of $1.722 billion and GAAP Net Income of $313.9 million, with AI Data Center sales of $180 million.
  • Lattice Semiconductor reported record revenue of $291.0 million, up 118.3%, and guided fourth quarter revenue to $325 million to $345 million.
  • Tower Semiconductor reported record revenue of $526 million and net profit of $120 million, or $1.05 per diluted share.
  • Ichor Holdings reported revenue of $328.7 million, up 37%, with GAAP net income of $20.9 million versus a loss a year earlier.
  • Aehr Test Systems reported record revenue of $33.0 million, up 200%, and raised its fiscal 2027 revenue outlook to $150 million.

Which Semiconductor Companies Reported Results, and How Fast Did Revenue Grow?

Five semiconductor companies reported results on Nov 2, 2026, and all five posted positive net income. ON Semiconductor (NASDAQ:ON) reported third quarter revenue of $1.722 billion, up about 11%, and GAAP net income of $313.9 million. Lattice Semiconductor (NASDAQ:LSCC) reported fiscal third quarter revenue of $291.0 million, up 118.3%, with GAAP net income of $11.2 million. Tower Semiconductor (NASDAQ:TSEM) reported revenue of $526 million, up about 33% (calculated), and net profit of $120 million.

Ichor Holdings (NASDAQ:ICHR) reported revenue of $328.7 million, up 37%, and GAAP net income of $20.9 million. Aehr Test Systems (NASDAQ:AEHR) reported first quarter fiscal 2027 revenue of $33.0 million, up 200%, and GAAP net income of $7.2 million.

The group is not ranked. Revenue bases differ widely, from $33.0 million to $1.722 billion, and fiscal calendars differ: Lattice's quarter ended Oct 3, 2026, Aehr's ended Sep 25, 2026 and its comparison period ended Aug 29, 2025. Tower's article draws on a call transcript alone, so its period end is assumed.

ON Semiconductor: Can AI Data Center Sales Offset Softer Automotive Revenue?

ON's revenue of $1.722 billion compares with $1.551 billion a year earlier, and GAAP net income was $313.9 million, or $0.79 per diluted share. AI data center revenue, now reported as its own end market, was $180 million, up 175% from a year ago, while automotive revenue slipped 1% to $777 million as limited Supply was shifted to higher-demand markets.

Non-GAAP gross Margin of 41.2% was the fifth straight quarterly increase, and free Cash Flow was $489 million. The company agreed to buy a private maker of integrated voltage regulators for $600 million plus up to $175 million of earn-outs. Fourth quarter revenue is guided to $1.715 billion to $1.815 billion, with automotive revenue expected to decline by high single-digit percentages.

Lattice Semiconductor: How Did Revenue More Than Double to a Record $291 Million?

Lattice's revenue rose from $133.3 million a year earlier and 44.7% from the second quarter. Management said FPGA revenue grew about 90%, driven by data center AI Demand and an industrial and embedded recovery. A July 27, 2026 Acquisition contributed $39.1 million, or 13% of revenue, covering roughly two months.

GAAP net income was $11.2 million, or $0.08 per diluted share, narrowed by acquisition costs, while non-GAAP net income was $103.7 million, or $0.72 per share. Non-GAAP gross margin was 70.9%. Long-term Debt was $869.1 million, and $50 million was repaid in the quarter. Fourth quarter revenue is guided to $325 million to $345 million, with non-GAAP EPS of $0.82 to $0.86.

Tower Semiconductor: What Is Behind a Net Profit More Than Twice Last Year's?

Tower's revenue was $526 million versus $396 million a year earlier, and net profit was $120 million versus $54 million. Diluted Earnings per Share were $1.05 against $0.47. Silicon photonics revenue was about $240 million, and management said year-end capacity should reach roughly twice the level behind that revenue.

About 65% of a $920 million build-out has been paid, and the expansion is to be self-funded. Fourth quarter revenue guidance is centered on $600 million. The updated long-term model targets $3.6 billion of annual revenue. The article notes that the exchange listing is not confirmed in the files and that only a transcript was available, with growth stated as 33% by one speaker and 36% by another.

Ichor Holdings: Is a Return to Profit Matched by Cash Flow?

Ichor's revenue of $328.7 million compares with $239.3 million a year earlier. GAAP gross margin reached 15.8%, from 4.6%, and GAAP net income was $20.9 million, or $0.55 per diluted share, versus a $22.9 million loss. Non-GAAP net income was $24.2 million.

Cash flow lagged: Operating Activities used $28.8 million as inventory rose $39.5 million and receivables rose $36.0 million, which management tied to the revenue ramp. Cash was $213.5 million, helped by $195.4 million of net proceeds from a share issuance. Fourth quarter revenue is guided to $345 million to $365 million, with gross margin about 16.5%.

Aehr Test Systems: How Did Bookings Support a 200% Revenue Increase?

Aehr's revenue of $33.0 million compares with $11.0 million a year earlier and rose 75% sequentially. GAAP net income was $7.2 million, or $0.21 per diluted share, against a loss of $2.1 million. Non-GAAP gross margin was 48.5% versus 37.5%.

Bookings were $46.7 million, and effective Backlog reached $109.3 million as of Nov 1, 2026. The company now expects fiscal 2027 revenue of $150 million, up from a prior range of $130 million to $150 million, and non-GAAP net income of at least 20% of revenue. It flagged that customer forecasts are non-binding and that geopolitical conditions in Taiwan and Southeast Asia pose risks.

Chipmaker Growth Versus Profitability: How Do the Five Semiconductor Results Compare?

Average year-over-year revenue growth across the five was 79.8% (calculated), with a spread of 189 percentage points (calculated) between Aehr and ON. Net income as a share of revenue (calculated) was 22.8% at Tower, 21.8% at Aehr, 18.2% at ON, 6.4% at Ichor and 3.8% at Lattice, whose GAAP profit was reduced by acquisition costs.

Combined revenue was $2.901 billion (calculated), and ON accounted for 59.4% of it (calculated). Non-GAAP gross margins stood between 16.0% at Ichor and 70.9% at Lattice, a gap of 54.9 points (calculated); Tower's article gives no overall gross margin ratio. Compared bases include different fiscal periods and a mix of GAAP and non-GAAP measures.

What to Watch Next: Deal Closings, Fourth Quarter Reports and Installation Timelines

ON expects its acquisition to close in the fourth quarter of 2026. Lattice and Tower both point to fourth quarter reports, with Lattice expecting a full quarter of its acquired business. Ichor guided fourth quarter results and expects every quarter of 2027 to deliver sequential growth.

Aehr plans a Taiwan test cell installation in early calendar 2027, followed by a production decision, and its fiscal year ends Jun 25, 2027. Tower targets full production at a Japan expansion in the third quarter of 2027. No exact reporting dates were identified in the articles' materials.