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ON Semiconductor Corp. (ON)

ON Semiconductor Corporation, which operates under the onsemi brand, was incorporated in Delaware in 1992. It sells what it calls intelligent power and intelligent sensing products, into automotive, industrial and other end markets including AI data centres. At the end of 2025 it was organised into three operating and reportable segments: the Power Solutions Group with 47% of 2025 revenue, the analog and mixed analog-and-digital group with 38%, and the Intelligent Sensing Group with 15%.

ON Semiconductor Corp.

ON Semiconductor Corporation, which operates under the onsemi brand, was incorporated in Delaware in 1992. It sells what it calls intelligent power and intelligent sensing products, into automotive, industrial and other end markets including AI data centres. At the end of 2025 it was organised into three operating and reportable segments: the Power Solutions Group with 47% of 2025 revenue, the analog and mixed analog-and-digital group with 38%, and the Intelligent Sensing Group with 15%.

What each segment makes

The Power Solutions Group holds silicon carbide products, silicon carbide junction field-effect transistor products, discrete products, MOSFET products, power module products and vertical gallium nitride. The analog and mixed analog-and-digital group holds analog products, application specific integrated circuits, logic and isolation products, non-volatile memory products, inductive sensing and gate driver products. The Intelligent Sensing Group holds actuator drivers, CMOS image sensors, image processors, single photon detectors, ultrasonic and short-wavelength infrared sensing, and indirect time of flight sensors.

Where the products go

In automotive, the power technologies go into drivetrain electrification, which the filing says allows lighter and longer-range electric vehicles, and into fast-charging systems, while the sensing technologies go into advanced safety applications. The company argues that integrating sensing into its power products raises efficiency, allowing lower temperature operation and less cooling while saving cost and weight, and that its power products deliver power with less die per module, giving higher range for a given battery capacity.

In industrial, the power technologies go into solar strings and industrial power. In medical they extend the life of personal diagnostic devices such as continuous glucose monitors. The sensing technologies go into factory and building automation and into robotics and humanoids. In the other market, which includes AI data centre products, the power technologies address energy efficiency, and the company states it believes it has one of the most comprehensive portfolios for the complete power tree in that market.

The year's activity

Two acquisitions closed in 2025. On 14 January 2025 the company completed the acquisition of the silicon carbide junction field-effect transistor technology business from Qorvo US and certain subsidiaries for $118.8 million in cash, which it says complements its EliteSiC power portfolio in the Power Solutions Group and addresses energy efficiency and power density in the AC-DC stage of power supply units for AI data centres. On 27 October 2025 it completed the acquisition of rights to Vcore power technologies, including associated intellectual property licences, from Aura Semiconductor, for a total consideration of up to $144 million with $7 million paid in cash at close, $72 million payable on acceptance and delivery of specified products, and the remaining $72 million contingent on the achievement of certain milestones through 2030.

In the first quarter of 2025 the company announced a manufacturing realignment programme, restructuring to line up internal manufacturing capacity with what it expects to need over the long term. Severance and related benefit costs of $67.1 million covered the termination of approximately 2,400 employees. It recorded non-cash impairment charges of $496.0 million on previous investments in manufacturing equipment at certain facilities, other charges of $103.9 million covering exit costs, accelerated depreciation and contract termination, $268.2 million of excess and obsolete inventory charges, and $45.4 million on consumables, manufacturing supplies and unfulfilled purchase commitments. The company states it continues to evaluate workforce composition and manufacturing capacity and footprint.

Where the work is done and how it is sold

Domestic design operations sit in Arizona, California, Idaho, New York, Oregon, Pennsylvania, Rhode Island and Texas, with foreign design operations in Belgium, Canada, China, the Czech Republic, Germany, India, Ireland, Israel, Italy, Japan, South Korea, the Philippines, Romania, Singapore, the Slovak Republic, Slovenia, Switzerland, Taiwan and the United Kingdom. Front-end wafer fabrication runs in the United States, the Czech Republic, Japan, South Korea and Malaysia, and back-end assembly and test in Canada, China, Malaysia, the Philippines, Vietnam and the United States.

Revenue comes primarily from selling semiconductors to distributors and direct customers, with a much smaller amount from product development agreements. Sales to distributors were approximately 54% of revenue in 2025, against 53% and 52% in the two years before, and one distributor accounted for approximately 11% of total revenue in 2025 and 10% in 2024. Distributors handle fulfilment and resell to original equipment manufacturers, contract manufacturers and other end customers, typically under agreements giving return rights and stock rotation provisions that permit limited product returns.

From ON Semiconductor's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in ON Semiconductor became

Latest results

Latest quarterQ3 FY2026ended 2 October 2026 · 10-Q filed 2 November 2026
Revenue
$1.7 billion
+11.1% on the year · +7.4% on the quarter
Q4 FY2024Q3 FY2026
Net income
$314 million
+23.1% on the year · +38.4% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.79
+25.4% on the year · +41.1% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 9 February 2026
Revenue
$6.0 billion
-15.3% on the year
FY2018FY2025
Net income
$121 million
-92.3% on the year
FY2018FY2025
Diluted EPS
$0.29
-92.0% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsON Semiconductor (ON) reported revenue of $6.0 billion for fiscal 2025, the year ended 31 December 2025, down 15.3% on the year before. Net income was $121 million and diluted earnings per share $0.29. Revenue was $7.1 billion in fiscal 2024, $8.3 billion in fiscal 2023, $8.3 billion in fiscal 2022 and $6.7 billion in fiscal 2021. Net income in the same years was $1.6 billion, $2.2 billion, $1.9 billion and $1.0 billion. Over the twelve months to 2 October 2026, ON Semiconductor reported revenue of $6.4 billion and net income of $689 million. Revenue grew 2.7% a year, compounded, over the five years to fiscal 2025. ON Semiconductor had 389 million shares outstanding at the latest filed count. At 2 October 2026 it carried $4.5 billion of debt and $4.2 billion of cash. At the close of 6 November 2026 the market cap of ON Semiconductor was $24.7 billion, 36.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.1%
ROCE6.5%
Operating margin12.3%
Net margin10.8%
FCF margin25.4%
Interest cover13.6x
Debt to equity0.60x
Cash conversion2.57x
Share count, last 12 months-4.0%
Sales CAGR, 3 years-10.4%
Profit CAGR, 3 years-60.1%
EPS, TTM$1.72

At the close of 6 November 2026

Price$63.42
Market cap$24.7 billion
Stock P/E36.9x
Price to book3.3x
EV / EBITDA16.0x
Dividend yieldn/a
Market cap / sales3.9x
52-week high$133.93
52-week low$44.90
Price, 1 year30.0%
Price CAGR, 3 years-1.7%
Price CAGR, 5 years1.4%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as ON Semiconductor Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ONgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,8461,9452,0852,1932,1041,9602,0942,1812,0181,8631,7351,7621,7221,4461,4691,5511,5301,5131,6041,722
Cost of revenue1,0149841,0481,1341,0831,0421,1011,1501,0761,0099519629431,1529179649799309871,009
Gross profit8329611,0371,0581,0209189931,031942854784799779294552587551583616713
Gross margin45%49%50%48%49%47%47%47%47%46%45%45%45%20%38%38%36%39%38%41%
R&D161157162145136138145143150150156151155164144142134144141145
Operating income480647584424704565675687612525388445409-574193264200-53.4259378
Operating margin26%33%28%19%33%29%32%32%30%28%22%25%24%-40%13%17%13%-4%16%22%
Interest expense32.021.622.123.727.526.416.416.215.815.615.715.715.318.017.917.717.312.713.713.9
Pre-tax income466628564407763546682n/an/an/an/an/an/an/an/an/an/an/an/an/a
Tax rate9%15%19%23%21%15%15%n/an/an/an/an/an/an/an/an/an/an/an/an/a
Net income426530456312604462577583563453338402380-486170255182-33.4227314
Net margin23%27%22%14%29%24%28%27%28%24%19%23%22%-34%12%16%12%-2%14%18%
Diluted EPS$0.95$1.18$1.02$0.70$1.35$1.03$1.29$1.29$1.28$1.04$0.78$0.93$0.88-$1.15$0.41$0.63$0.45-$0.08$0.56$0.79
Operating cash flow6274794211,002731409391567611499362466580602184419554239460516
Capital expenditure17017421827134232243143339023415417214514878.246.369.121.934.327.8
Free cash flow45730520373138987.4-39.8134221265208294435455106372485217425489
Buybacks0.00.089.777.292.910460.199.930010015020020430030232545034634519.9
Shares outstanding432m434m433m432m432m432m432m431m426m430m428m426m423m418m411m405m397m392m389m389m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2008FY2009 †FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue2,0551,7692,3133,4422,8952,7833,1623,4963,9075,5435,8785,5185,2556,7408,3268,2537,0825,9956,369
Cost of revenue1,3091,1481,3572,4341,9491,8542,0772,3032,6103,5093,6403,5443,5394,0264,2494,3703,8664,0123,906
Gross profit7466219561,0099469291,0851,1931,3002,0342,2391,9741,7162,7144,0773,8843,2161,9842,463
Gross margin36.3%35.1%41.3%29.3%32.7%33.4%34.3%34.1%33.3%36.7%38.1%35.8%32.7%40.3%49.0%47.1%45.4%33.1%38.7%
Research and development234199248362368334367397447594651641643655600577613584564
Operating income-366143374113-20.32092292612476818474333491,2882,3602,5391,76884.2784
Operating margin-17.8%8.1%16.2%3.3%-0.7%7.5%7.2%7.5%6.3%12.3%14.4%7.8%6.6%19.1%28.3%30.8%25.0%1.4%12.3%
Interest expense79.964.661.468.956.138.634.149.714514112814816813094.974.862.370.957.6
Pre-tax income-43871.030637.8-76.91701922201815487552771771,1582,3622,5361,837131n/a
Income tax-9.47.712.822.916.016.4-0.210.8-3.9-26612562.7-59.81474583502637.7152
Effective tax raten/a10.8%4.2%60.6%n/a9.6%-0.1%4.9%-2.2%-48.5%16.6%22.7%-33.9%12.7%19.4%13.8%14.3%5.9%n/a
Net income-42961.029011.6-97.21501902061828116272122341,0101,9022,1841,573121689
Net margin-20.9%3.4%12.6%0.3%-3.4%5.4%6.0%5.9%4.7%14.6%10.7%3.8%4.5%15.0%22.8%26.5%22.2%2.0%10.8%
Diluted EPS-$1.13$0.14$0.65$0.03-$0.20$0.33$0.43$0.48$0.43$1.89$1.44$0.51$0.56$2.27$4.25$4.89$3.63$0.29$1.72
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
PSGn/an/an/an/an/a1,4241,4101,7092,8193,0382,7882,6063,4393,4673,8803,3482,80546.8%
AMGn/an/an/an/an/an/an/an/an/an/an/an/an/a3,5823,0572,6092,26237.7%
ISGn/an/an/an/an/an/an/a7177737697577389011,2771,3161,12592815.5%
ASGn/an/an/an/an/a1,4161,3391,4821,9512,0711,9721,9102,400n/an/an/an/an/a
Automotive Industrial Medical And Mil Aero6241,0531,146970997n/an/an/an/an/an/an/an/an/an/an/an/an/a
Computing & Consumer Products Group473n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Image Sensor Groupn/an/an/a49.639.5322747n/an/an/an/an/an/an/an/an/an/an/a
SANYO Semiconductor Products Groupn/a0.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Standard Products Group6721,2601,2361,1051,121n/an/an/an/an/an/an/an/an/an/an/an/an/a
System Solutions Groupn/an/a1,060771625n/an/an/an/an/an/an/an/an/an/an/an/an/a
PSG FY2014 to FY2025AMG FY2022 to FY2025ISG FY2016 to FY2025ASG FY2014 to FY2021Image Sensor Group FY2012 to FY2015Standard Products Group FY2009 to FY2013Automotive Industrial Medical And Mil Aero FY2009 to FY2013System Solutions Group FY2011 to FY2013Computing & Consumer Products Group FY2009
2,313FY20102,783FY20133,907FY20165,518FY20198,326FY20225,995FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023 to FY2025

The gross profit each segment reports. Costs ON Semiconductor does not charge to a segment are left out, so the segments can add up to more than the company's own gross profit.

FY2023FY2024FY2025Margin
FY2025
PSG1,8221,38468824.5%
AMG1,4211,3061,15651.1%
ISG64052514015.1%
PSGAMGISG
3,884FY20233,216FY20241,984FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
PSG47%35%
AMG38%58%
ISG15%7%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a gross profit figure. A margin is a segment's gross profit over its own sales.

Revenue by region FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Hong Kongn/an/an/a8748629758741,0871,7851,4891,4171,3121,8292,3162,1691,7791,63527.3%
United Kingdom2583734253884004985035416699469228061,1241,4921,7531,6381,34722.5%
Singapore3875416836287017861,1211,1101,4671,9551,7131,8002,0982,1341,9391,7331,25220.9%
United States3744835244524154975445887498638107299321,4651,5741,3081,23120.5%
Other97.281.52621521141121722464456256566097589208186245318.9%
Belgium29.50.7n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
China5657621,054n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Japan51.759.5495401290293282334429n/an/an/an/an/an/an/an/an/a
Other Americas5.412.3n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Hong Kong FY2012 to FY2025United KingdomSingaporeUnited StatesOtherJapan FY2009 to FY2017China FY2009 to FY2011Belgium FY2009 to FY2010Other Americas FY2009 to FY2010
2,313FY20102,783FY20133,907FY20165,518FY20198,326FY20225,995FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2008FY2009 †FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow3942795525462763274814715811,0941,2746958841,7822,6331,9781,9061,7601,770
Capital expenditure95.055.31893162561552042712113885155353844451,0361,539694341153
Free cash flow29922436322919.71722772003707077591605011,3371,5974381,2121,4191,617
Free cash flow margin14.5%12.7%15.7%6.7%0.7%6.2%8.8%5.7%9.5%12.7%12.9%2.9%9.5%19.8%19.2%5.3%17.1%23.7%25.4%
Cash from investing128-126-336-424-133-118-566-264-2,435-364-549-1,511-454-915-705-1,738-1,010-53894.0
Cash from financing-337-86.2-119-97.2-300-17491.4-99.82,265-811-605623-244-569-370-686-684-1,764-173
Depreciation and amortisation142156167229244212269358364482509593625597552610643686778
Share-based compensation33.254.252.533.520.532.345.846.956.169.878.379.467.7101101121136144150
Buybacks2.98.60.00.055.51011223480.025.031513965.40.02605646541,3781,161
Diluted shares, weighted379m432m444m457m453m451m444m428m420m428m436m416m419m444m448m447m433m412m397m
Shares outstanding at period endn/a427m437m451m449m440m434m412m419m425m414m411m412m432m432m426m423m397m389m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2008FY2009 †FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity8569851,3661,4681,3611,4911,6261,6081,8232,7793,1723,3023,5384,5856,1887,7838,7967,6737,561
Non-controlling interestn/a19.622.025.329.632.820.923.721.822.222.522.419.619.018.518.018.118.620.3
Redeemable equityn/an/an/an/an/an/an/a0.032.90.0n/an/an/an/an/an/an/an/an/a
Debtn/a9348891,2071,0129421,2071,5163,8073,1752,9393,7493,5903,2583,2283,3803,3462,9804,505
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a87.9116142246231245214194
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a0.010.223.022.420.723.822.3
Other liabilitiesn/a4766421,1839268289687221,2401,2191,4541,2641,4051,6112,2741,7811,6641,6131,629
Total liabilities and equityn/a2,4142,9193,8843,3283,2943,8233,8706,9247,1957,5888,4268,6689,62611,97813,21514,09012,52413,931
Owned
Fixed assetsn/a7068641,1101,1031,0741,2041,2742,1592,2792,5502,5922,5122,5243,4514,4024,3613,3692,824
Goodwilln/a1751911991851852642719259179321,6591,6631,9381,5781,5781,5881,6801,686
Intangible assetsn/a299303337257223458326762628566590469496360299258344318
Investmentsn/a45.50.02491451166.10.0n/an/an/an/an/an/an/a0.0300400210
Cash and equivalents4595266236534875105126181,0289491,0708941,0811,3532,9192,4832,6912,1484,158
Receivablesn/a2612954573583834184266307026867056768098429351,160908917
Inventoryn/a2703616375826097307501,0301,0901,2251,2321,2511,3801,6172,1122,2421,9902,070
Other assetsn/a1332822422121942322053906315587531,0151,1271,2121,4071,4891,6861,749
Total assetsn/a2,4142,9193,8843,3283,2943,8233,8706,9247,1957,5888,4268,6689,62611,97813,21514,09012,52413,931
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.5%2.7%-10.4%2.9%
Profit growth, compounded-5.2%-12.4%-60.1%116.0%
Return on equity, average17.2%20.1%15.8%1.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was ON Semiconductor's revenue in fiscal 2025?

ON Semiconductor (ON) reported revenue of $6.0 billion for fiscal 2025, the year ended 31 December 2025, down 15.3% on the year before.

How much did ON Semiconductor earn in fiscal 2025?

Net income was $121 million for fiscal 2025, and diluted earnings per share $0.29.

What is ON Semiconductor's P/E ratio?

At the close of 6 November 2026, ON Semiconductor traded at 36.9 times its earnings over the twelve months to 2 October 2026.

What is ON Semiconductor's market cap?

The market cap of ON Semiconductor was $24.7 billion at the close of 6 November 2026.

How much debt does ON Semiconductor have?

At 2 October 2026 ON Semiconductor carried $4.5 billion of debt and $4.2 billion of cash.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.50 trillion23.6084.2%65.2%83.4%0.150.1%
Taiwan Semiconductor Manufacturing Company Limited TSM *$1.95 trillion37.3631.7%50.8%31.6%0.190.8%
Broadcom Inc. AVGO$1.40 trillion37.4738.4%48.0%48.7%0.610.9%
Micron Technology Inc. MU$780.6 billion9.3061.4%74.6%256.3%0.040.1%
Advanced Micro Devices Inc. AMD$734.2 billion97.3211.1%17.7%41.9%0.10n/a
Intel Corp. INTC$299.0 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$264.0 billion28.6836.2%29.6%7.8%0.260.6%
Texas Instruments Inc. TXN$252.9 billion35.9037.1%40.8%20.3%0.712.1%
Arm Holdings plc ARM *$185.7 billion205.3410.9%18.3%22.8%0.00n/a
Analog Devices Inc. ADI$175.9 billion43.0712.3%35.5%33.6%0.271.2%
Marvell Technology, Inc. MRVL$123.7 billion46.5614.2%16.5%30.6%0.270.2%
ASE Technology Holding Co., Ltd. ASX *$70.3 billion58.8911.7%8.0%8.4%0.741.1%
All 130 in Electronic Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.50 trillion23.6084.2%65.2%83.4%0.150.1%
Taiwan Semiconductor Manufacturing Company Limited TSM *$1.95 trillion37.3631.7%50.8%31.6%0.190.8%
Broadcom Inc. AVGO$1.40 trillion37.4738.4%48.0%48.7%0.610.9%
Micron Technology Inc. MU$780.6 billion9.3061.4%74.6%256.3%0.040.1%
Advanced Micro Devices Inc. AMD$734.2 billion97.3211.1%17.7%41.9%0.10n/a
Intel Corp. INTC$299.0 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$264.0 billion28.6836.2%29.6%7.8%0.260.6%
Texas Instruments Inc. TXN$252.9 billion35.9037.1%40.8%20.3%0.712.1%
Arm Holdings plc ARM *$185.7 billion205.3410.9%18.3%22.8%0.00n/a
Amphenol Corp. APH$184.2 billion32.4334.6%27.7%57.6%1.040.7%
Qualcomm Inc. QCOM$177.6 billion13.0544.8%20.1%-2.6%0.502.2%
Analog Devices Inc. ADI$175.9 billion43.0712.3%35.5%33.6%0.271.2%
Marvell Technology, Inc. MRVL$123.7 billion46.5614.2%16.5%30.6%0.270.2%
Motorola Solutions, Inc. MSI$85.2 billion41.4067.9%24.2%11.4%3.290.9%
Northrop Grumman Corp. NOC$74.6 billion16.5924.2%10.6%6.5%0.811.8%
Vertiv Holdings Co. VRT$70.4 billion34.1738.1%20.1%35.3%0.530.1%
ASE Technology Holding Co., Ltd. ASX *$70.3 billion58.8911.7%8.0%8.4%0.741.1%
NXP Semiconductors N.V. NXPI$62.6 billion19.5126.7%33.0%14.6%0.911.6%
Monolithic Power Systems, Inc. MPWR$58.0 billion65.6023.9%29.5%40.5%0.000.6%
Garmin Ltd. GRMN$55.1 billion27.4221.1%28.8%13.6%0.001.4%
Lumentum Holdings Inc. LITE$48.7 billionn/a-143.9%23.5%103.2%0.31n/a
L3Harris Technologies, Inc. LHX$48.4 billion24.2610.1%10.7%7.3%0.541.9%
Nokia Corporation NOK *$42.7 billion57.113.1%4.4%3.5%0.162.0%
STMicroelectronics N.V. STM *$37.1 billion231.690.9%1.5%-11.1%0.120.9%
Ubiquiti Inc. UI$35.9 billion33.4763.7%36.9%29.4%0.000.6%
United Microelectronics Corporation UMC *$34.9 billion27.6111.0%18.5%2.3%0.17n/a
Telefonaktiebolaget LM Ericsson ERIC *$34.6 billion11.8526.0%16.3%-4.5%0.302.8%
Ciena Corp. CIEN$34.5 billion54.2521.4%12.3%32.6%1.06n/a
Astera Labs, Inc. ALAB$33.3 billion75.8523.1%25.5%115.2%0.00n/a
Microchip Technology Inc. MCHP$31.8 billion44.2012.6%20.9%33.0%0.833.1%
Teledyne Technologies Inc. TDY$28.6 billion28.279.2%20.0%8.6%0.18n/a
Celestica Inc. CLS$26.1 billion19.5520.0%8.3%61.6%0.13n/a
Flex Ltd. FLEX$25.8 billion25.1817.9%5.1%17.5%0.90n/a
Jabil Inc. JBL$25.0 billion24.4364.6%4.7%20.6%2.090.1%
ON Semiconductor Corp. ON$24.7 billion36.879.1%12.3%2.9%0.60n/a
Qnity Electronics, Inc. Q$24.4 billion43.967.4%n/an/a0.530.1%
Hubbell Inc. HUBB$22.7 billion25.1822.1%20.1%16.0%1.251.3%
Credo Technology Group Holding Ltd. CRDO$22.6 billion42.7719.7%31.7%165.1%0.00n/a
First Solar, Inc. FSLR$21.6 billion11.6417.1%37.7%-0.7%0.01n/a
Cerebras Systems Inc. CBRS$21.3 billionn/an/an/an/a0.10n/a
Macom Technology Solutions Holdings, Inc. MTSI$16.1 billion67.7915.6%18.1%28.4%0.22n/a
Nextpower Inc. NXT$15.8 billion26.4323.2%19.0%13.7%0.00n/a
Lattice Semiconductor Corp. LSCC$14.9 billion328.113.2%9.1%63.4%0.61n/a
Sitime Corp. SITM$12.6 billion443.470.8%0.9%142.6%0.38n/a
Skyworks Solutions, Inc. SWKS$12.4 billion42.585.1%7.6%0.1%0.093.5%
Fabrinet FN$11.7 billion24.6719.1%10.0%43.0%0.03n/a
Semtech Corp. SMTC$9.6 billion68.4420.6%8.0%17.8%0.66n/a
Leonardo Drs, Inc. DRS$9.1 billion25.0512.6%10.8%8.9%0.061.1%
Amkor Technology, Inc. AMKR$8.1 billion13.2312.9%9.5%15.7%0.521.0%
Rambus Inc. RMBS$8.0 billion30.6718.8%36.3%17.3%0.00n/a
Advanced Energy Industries Inc. AEIS$7.9 billion28.3118.2%16.0%31.7%0.800.2%
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Sanmina Corp. SANM$7.2 billion24.0911.2%4.2%58.6%0.79n/a
TTM Technologies Inc. TTMI$7.0 billion26.5013.1%11.1%37.6%0.80n/a
Viavi Solutions Inc. VIAV$7.0 billion118.625.1%10.6%47.4%0.49n/a
Formfactor Inc. FORM$6.4 billion37.0414.7%18.3%29.1%0.01n/a
Esco Technologies Inc. ESE$6.0 billion18.9819.5%14.2%24.0%0.050.1%
Cirrus Logic, Inc. CRUS$5.7 billion14.3518.9%22.5%5.1%0.00n/a
Impinj Inc. PI$5.3 billionn/a-3.1%-0.7%7.7%0.62n/a
Allegro Microsystems, Inc. ALGM$5.2 billion187.673.1%7.5%27.9%0.28n/a
Plexus Corp. PLXS$5.1 billionn/an/an/an/a0.18n/a
Synaptics Inc. SYNA$4.6 billionn/a-53.2%-4.7%8.1%0.91n/a
Planet Labs PBC PL$4.6 billionn/a-63.8%-27.2%44.1%0.79n/a
Applied Optoelectronics, Inc. AAOI$4.5 billionn/a-1.5%-6.8%77.2%0.10n/a
Maxlinear, Inc. MXL$4.5 billionn/a-5.5%-0.9%56.0%0.31n/a
Mercury Systems Inc. MRCY$4.4 billionn/a-2.0%0.0%7.9%0.29n/a
Universal Display Corp. OLED$4.0 billion17.9013.8%34.6%-1.9%n/a2.2%
Enphase Energy, Inc. ENPH$3.8 billion42.497.3%4.2%-19.9%0.46n/a
Vishay Intertechnology Inc. VSH$3.7 billion37.563.2%5.2%17.6%0.251.7%
Diodes Inc. DIOD$3.5 billion31.145.9%7.3%24.2%0.21n/a
Kulicke & Soffa Industries Inc. KLIC$3.3 billion29.4912.7%13.2%44.4%0.001.3%
OSI Systems Inc. OSIS$3.1 billion21.0620.3%12.2%2.9%1.28n/a
Ondas Inc. ONDS$2.8 billionn/a10.6%-140.4%979.3%0.00n/a
IPG Photonics Corp. IPGP$2.8 billion69.601.9%1.9%14.8%0.00n/a
Ambarella Inc. AMBA$2.6 billionn/a-9.1%-14.9%20.0%0.00n/a
AXT Inc. AXTI$2.6 billion1,944.500.5%3.1%45.8%0.09n/a
Penguin Solutions, Inc. PENG$2.5 billion16.0734.7%9.6%26.5%1.51n/a
Intuitive Machines, Inc. LUNR$2.4 billionn/an/a-27.5%116.5%n/an/a
Power Integrations Inc. POWI$2.3 billion51.016.4%8.4%2.3%0.002.1%
Nlight, Inc. LASR$2.2 billionn/a-2.9%-6.0%39.6%0.00n/a
Benchmark Electronics Inc. BHE$2.2 billion38.945.0%3.5%12.9%0.141.1%
Ultra Clean Holdings, Inc. UCTT$1.9 billion72.113.7%4.3%15.8%0.87n/a
Vicor Corp. VICR$1.7 billion38.5519.9%24.9%27.0%0.00n/a
Solaredge Technologies, Inc. SEDG$1.7 billionn/a-54.0%-9.2%29.3%0.79n/a
Shoals Technologies Group, Inc. SHLS$1.7 billion43.835.9%11.2%49.2%0.26n/a
CTS Corp. CTS$1.7 billion22.8912.6%17.0%7.4%0.090.3%
Photronics Inc. PLAB$1.6 billion9.6412.9%22.5%1.2%0.00n/a
Navitas Semiconductor Corp. NVTS$1.6 billionn/a-42.9%-323.5%-28.6%0.00n/a
Nextnav Inc. NN$1.4 billionn/a-33.4%-1,900.4%-36.5%0.00n/a
Wolfspeed, Inc. WOLF$1.3 billionn/a-69.6%-80.3%-18.0%2.09n/a
Ichor Holdings, Ltd. ICHR$1.2 billion620.000.4%1.7%15.2%0.13n/a
Napco Security Technologies, Inc. NSSC$1.1 billion24.6022.1%22.7%8.7%0.002.0%
Harmonic Inc. HLIT$1.0 billionn/an/an/an/a0.09n/a
Ambiq Micro, Inc. AMBQ$930 millionn/a-9.1%-43.3%n/a0.00n/a
Array Technologies, Inc. ARRY$901 millionn/an/a-5.1%1.2%n/an/a
Arteris, Inc. AIP$884 millionn/a-63.3%-46.2%41.0%n/an/a
BlackSky Technology Inc. BKSY$876 millionn/a-14.0%-22.8%29.9%0.96n/a
Varex Imaging Corp. VREX$778 million35.484.5%8.3%5.3%0.70n/a
Alpha & Omega Semiconductor Ltd. AOSL$712 millionn/a-5.8%-7.1%-3.2%0.000.0%
T1 Energy Inc. TE$662 millionn/a-190.1%-22.4%427.0%2.730.0%
Unusual Machines, Inc. UMAC$594 millionn/a-9.0%-76.1%425.2%0.00n/a
Kopin Corp. KOPN$547 million75.7511.5%-22.9%-7.1%0.00n/a
Vishay Precision Group, Inc. VPG$541 millionn/a-1.0%1.1%11.6%0.05n/a
Lightpath Technologies Inc. LPTH$494 millionn/a-13.7%-27.4%92.8%0.00n/a
Kimball Electronics, Inc. KE$462 million22.933.5%4.4%-1.5%0.40n/a
indie Semiconductor, Inc. INDI$436 millionn/a-52.5%-59.3%13.9%1.50n/a
Clearfield, Inc. CLFD$389 millionn/a-2.9%-0.2%-1.4%0.00n/a
Methode Electronics Inc. MEI$384 millionn/a-5.5%0.4%1.4%0.471.9%
NVE Corp. NVEC$368 million20.5730.8%61.6%24.1%0.005.3%
Adtran Holdings, Inc. ADTN$329 millionn/a-20.9%0.0%10.1%2.32n/a
Everspin Technologies Inc. MRAM$284 millionn/a-3.6%-15.5%20.9%0.010.0%
Turtle Beach Corp. TBCH$273 millionn/a-0.6%3.2%-13.0%0.93n/a
Nano Dimension Ltd. NNDM$262 millionn/a-34.4%-117.3%n/a0.04n/a
M-tron Industries, Inc. MPTI$261 million22.078.0%18.5%11.8%0.00n/a
BK Technologies Corp. BKTI$251 million19.5726.2%17.9%15.7%0.00n/a
Aviat Networks, Inc. AVNW$226 million93.110.9%4.4%1.2%0.36n/a
Vuzix Corp. VUZI$160 millionn/a-145.3%-521.9%6.8%0.00n/a
Quicklogic Corp. QUIK$147 millionn/an/an/an/a0.24n/a
Espey MFG & Electronics Corp. ESP$141 million12.0218.5%25.1%4.9%0.002.1%
Aeluma, Inc. ALMU$135 millionn/a-16.1%-228.3%-4.4%0.00n/a
Atomera Inc. ATOM$117 millionn/a-69.6%-10,969.4%476.3%0.00n/a
GSI Technology Inc. GSIT$116 millionn/a-22.8%-100.8%2.9%0.00n/a
GCT Semiconductor Holding, Inc. GCTS$106 millionn/an/a-852.0%-32.8%n/an/a
Magnachip Semiconductor Corp. MX$91 millionn/a-12.3%-24.2%-12.8%0.19n/a
R F Industries Ltd. RFIL$72 million30.146.3%4.6%13.0%0.15n/a
Kulr Technology Group, Inc. KULR$68 millionn/a-140.9%-270.6%24.6%0.28n/a
Inseego Corp. INSG$64 millionn/an/a-10.4%-3.6%n/an/a
AmpliTech Group, Inc. AMPG$59 millionn/a-17.1%-34.7%24.2%0.00n/a
Tigo Energy, Inc. TYGO$57 million4.3527.3%-3.7%15.3%0.05n/a
LGL Group Inc. LGL$43 millionn/a-0.5%-21.8%9.3%0.00n/a
72 companies share its SEC industry code (Semiconductors & Related Devices); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on ON

Dividendsno dividend in its filings for fiscal 2008 onward
Filings24 in twelve months: 14 current reports (8-K), about 6 other events; 4 material agreement; 4 results of operations; 2 officer or director change; 1 regulation FD disclosure
Planned insider sales14 Form 144 notices in twelve months, $31.2 million; latest 1 October 2026
Options tapeput/call 0.68 by open interest at the 6 November 2026 close; the straddle prices a 9.0% move to 13 November 2026
13F holders1,005 funds reported a position for the quarter to 30 June 2026; largest FMR LLC
Insider trading15 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest30.4 million shares short, 2.70 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q2 October 20262 November 2026EDGAR
10-Q3 July 20263 August 2026EDGAR
10-Q3 April 20264 May 2026EDGAR
10-K31 December 20259 February 2026EDGAR
10-Q3 October 20253 November 2025EDGAR
10-Q4 July 20254 August 2025EDGAR
10-Q4 April 20255 May 2025EDGAR
10-K31 December 202410 February 2025EDGAR
10-Q27 September 202428 October 2024EDGAR
10-Q28 June 202429 July 2024EDGAR

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