ON Semiconductor Corp (ON)

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies. Its Analog and Mixed-Signal Group segment designs and develops analog and mixed-signal solutions, including power management, sensor interface, connectivity, and standard products for automotive, industrial automation, AI data centers, computing, and mobile end markets. The Intelligent Sensing Group segment develops complementary metal-oxide-semiconductor image sensors, image signal processors, short-wave infrared sensors, and other products, as well as photon-counting technologies, including single-photon avalanche diode arrays and silicon photomultiplier devices for depth sensing, factory automation, safety systems, and robotics industries. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.

Symbol
ON
Exchange
Nasdaq
Sector
Technology
Industry
Semiconductors
Market cap
$33.05B
52 week range
44.56 - 134.92

Valuation

Share price
$84.89 (close of 2026-10-02)
P/E (TTM)
55.48x
Price to book
4.57x
Price to free cash flow
22.03x
Enterprise value
$33.67B
Book value per share
$18.59

Price performance

PeriodChange
1 day+6.01%
5 days+9.96%
1 month+17.35%
3 months-6.94%
6 months+36.50%
Year to date+56.77%
1 year+74.17%
3 years-9.08%
5 years+86.12%
10 years+589.04%
All time+253.71%

Members of Congress who disclosed ON trades

Julie Johnson · Robert Bresnahan

Super investors holding ON

Ken Griffin (Citadel) · George Soros (Soros Fund Mgmt) · Ray Dalio (Bridgewater Associates) · Robert Olstein (Olstein Capital Management) · Lee Ainslie (Maverick Capital LTD)

Profitability and growth

Return on equity
1.57%
Return on invested capital
0.94%
Return on assets
0.97%
Return on capital employed
0.75%
Gross margin
33.09%
Net margin
2.02%
EBITDA margin
12.85%
Revenue growth
-15.35%
Net income growth
-92.31%
Free cash flow growth
17.01%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.54%
Current ratio
3.46x
Net debt to EBITDA
0.39x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$6.00B
Cost of revenue
$4.01B
Gross profit
$1.98B
EBITDA
$770.20M
Net income
$121.00M
Earnings per share
$0.29
Shares outstanding
411.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$6.00B$1.98B$121.00M$0.29
2024-12-31$7.08B$3.22B$1.57B$3.68
2023-12-31$8.25B$3.88B$2.18B$5.07
2022-12-31$8.33B$4.08B$1.90B$4.39
2021-12-31$6.74B$2.71B$1.01B$2.37
2020-12-31$5.25B$1.72B$234.20M$0.57
2019-12-31$5.52B$1.97B$211.70M$0.52
2018-12-31$5.88B$2.24B$627.40M$1.48
2017-12-31$5.54B$2.04B$810.70M$1.92
2016-12-31$3.91B$1.30B$182.10M$0.44

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3133.09%2.02%1.57%0.94%
2024-12-3145.41%22.21%17.84%16.38%
2023-12-3147.06%26.46%27.99%25.22%
2022-12-3148.97%22.85%30.65%29.17%
2021-12-3140.27%14.98%21.93%17.49%
2020-12-3132.65%4.46%6.58%5.70%
2019-12-3135.77%3.84%6.37%6.01%
2018-12-3138.08%10.67%19.64%14.77%
2017-12-3136.72%14.63%28.94%14.19%
2016-12-3133.29%4.66%9.87%5.56%

Cash and debt by year

Period endCashDebt
2025-12-31$2.55B$2.98B
2024-12-31$2.99B$3.35B
2023-12-31$2.48B$2.54B
2022-12-31$2.92B$3.05B
2021-12-31$1.35B$2.91B
2020-12-31$1.08B$2.96B
2019-12-31$894.20M$2.88B
2018-12-31$1.07B$2.63B
2017-12-31$949.20M$2.70B
2016-12-31$1.03B$3.07B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$1.42B$144.30M
2024-12-31$1.21B$136.10M
2023-12-31$438.40M$121.10M
2022-12-31$1.60B$100.80M
2021-12-31$1.34B$101.30M
2020-12-31$500.70M$67.70M
2019-12-31$160.10M$79.40M
2018-12-31$759.40M$78.30M
2017-12-31$706.70M$69.80M
2016-12-31$370.40M$56.10M

Investor relations

Next earnings report

Next confirmed report
2026-11-02
Consensus EPS estimate
$0.87

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-03Jun/2026$0.72
2026-05-04Mar/2026$0.61
2026-02-09Dec/2025$0.62
2025-11-03Sep/2025$0.59
2025-08-04Jun/2025$0.54
2025-05-05Mar/2025$0.51
2025-02-10Dec/2024$0.98
2024-10-28Sep/2024$0.97

Filings and sources

Company website
onsemi.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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