ON

MKT CAP:$39B

ON Semiconductor Corporation

Market Cap

$39B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$98.42+$41.72 (+73.59%)

Apr 24, 2026

Company Details

ON Semiconductor Corporation provides intelligent sensing and power solutions worldwide. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, em...

CEO

Hassane S. El-Khoury

IPO Date

May 2, 2000

Website

www.onsemi.com

Key Metrics TTM

Revenue

$6.2B

-15.3% YoY

Net Income

$331M

EPS (Diluted)

$0.81

Free Cash Flow

$2.0B

Revenue / Share

$15.53

Gross Margin

35.1%

Operating Margin

5.6%

Net Margin

5.3%

FCF Margin

32.3%

P/S

6.2x

P/E

117.0x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Feb 9, 2026

$6.0B-15.3%EPS $0.29

Q4 2025

Feb 9, 2026

$1.5B-11.2%EPS $0.45

Q3 2025

Nov 3, 2025

$1.6B-12.0%EPS $0.63

Q1 2025

May 5, 2025

$1.4B-22.4%EPS -$1.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$1.8B	$832M	$493M
Q1 22	$1.9B	$961M	$634M
Q2 22	$2.1B	$1.0B	$697M
Q3 22	$2.2B	$1.1B	$737M
Q4 22	$2.1B	$1.0B	$697M
Q1 23	$2.0B	$918M	$565M
Q2 23	$2.1B	$993M	$675M
Q3 23	$2.2B	$1.0B	$687M
Q4 23	$2.0B	$942M	$612M
Q1 24	$1.9B	$854M	$525M
Q2 24	$1.7B	$784M	$389M
Q3 24	$1.8B	$799M	$445M
Q4 24	$1.7B	$779M	$409M
Q1 25	$1.4B	$294M	-$574M
Q3 25	$1.6B	$587M	$264M
Q4 25	$1.5B	$534M	$253M

Valuation

Quarter	P/S	P/E
Q4 21	4.5x	30.1x
Q1 22	3.6x	17.8x
Q2 22	3.1x	13.7x
Q3 22	3.5x	16.2x
Q4 22	3.4x	14.7x
Q1 23	4.2x	19.1x
Q2 23	5.0x	21.4x
Q3 23	4.8x	18.0x
Q4 23	4.0x	15.3x
Q1 24	3.9x	14.6x
Q2 24	3.8x	15.3x
Q3 24	4.2x	17.6x
Q4 24	3.8x	17.2x
Q1 25	2.2x	23.0x
Q3 25	3.2x	37.2x
Q4 25	3.5x	66.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$627M	$431M
Q1 22	$479M	$305M
Q2 22	$421M	$171M
Q3 22	$1.0B	$707M
Q4 22	$731M	$412M
Q1 23	$409M	$71M
Q2 23	$391M	-$23M
Q3 23	$567M	$134M
Q4 23	$611M	$457M
Q1 24	$499M	$265M
Q2 24	$362M	$221M
Q3 24	$466M	$292M
Q4 24	$580M	$435M
Q1 25	$602M	$455M
Q3 25	$419M	$645M
Q4 25	$555M	$485M

Capital Expenditures

Quarter	CapEx
Q4 21	$196M
Q1 22	$174M
Q2 22	$250M
Q3 22	$296M
Q4 22	$319M
Q1 23	$338M
Q2 23	$414M
Q3 23	$433M
Q4 23	$154M
Q1 24	$234M
Q2 24	$141M
Q3 24	$174M
Q4 24	$145M
Q1 25	$148M
Q3 25	$226M
Q4 25	$69M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+40.1%	+13.7%
Q1 22	+31.3%	+0.0%
Q2 22	+24.9%	+1.3%
Q3 22	+25.9%	+8.3%
Q4 22	+13.9%	+4.0%
Q1 23	+0.8%	+6.4%
Q2 23	+0.5%	+2.3%
Q3 23	-0.5%	+2.6%
Q4 23	-4.1%	-0.1%
Q1 24	-4.9%	-4.1%
Q2 24	-17.2%	-5.1%
Q3 24	-19.2%	-11.9%
Q4 24	-14.6%	-6.6%
Q1 25	-22.4%	+51.0%
Q3 25	-10.6%	-4.5%
Q4 25	-13.2%	-3.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$27M	1.5%
Q1 22	$23M	1.2%
Q2 22	$27M	1.3%
Q3 22	$27M	1.2%
Q4 22	$24M	1.2%
Q1 23	$28M	1.4%
Q2 23	$32M	1.5%
Q3 23	$31M	1.4%
Q4 23	$31M	1.5%
Q1 24	$33M	1.8%
Q2 24	$32M	1.9%
Q3 24	$33M	1.9%
Q4 24	$38M	2.2%
Q1 25	$34M	2.3%
Q3 25	$38M	2.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 21	$161M	$84M	$70M
Q1 22	$157M	$78M	$71M
Q2 22	$162M	$83M	$73M
Q3 22	$145M	$85M	$70M
Q4 22	$136M	$97M	$74M
Q1 23	$138M	$76M	$72M
Q2 23	$145M	$87M	$72M
Q3 23	$143M	$111M	$68M
Q4 23	$150M	$89M	$68M
Q1 24	$150M	$95M	$69M
Q2 24	$157M	$85M	$69M
Q3 24	$151M	$96M	$65M
Q4 24	$155M	$101M	$70M
Q1 25	$164M	$84M	$68M
Q3 25	$142M	$87M	$63M
Q4 25	$134M	$86M	$62M

Revenue Segments

Quarter	Analog Solutions Group	Intelligent Sensing Group	Power Solutions Group
Q4 21	$647M	$245M	$953M
Q1 22	$689M	$269M	$987M
Q2 22	$717M	$311M	$1.1B
Q3 22	$734M	$342M	$1.1B
Q4 22	$701M	$354M	$1.0B
Q1 23	$593M	$354M	$1.0B
Q2 23	$650M	$325M	$1.1B
Q3 23	$622M	$329M	$1.2B
Q4 23	$625M	$308M	$1.1B
Q1 24	$697M	$292M	$874M
Q2 24	$648M	$252M	$835M
Q3 24	$654M	$279M	$829M
Q4 24	$611M	$303M	$809M
Q1 25	$566M	$234M	$645M

Revenue by Geography

Quarter	Hong Kong	Other	Singapore	United Kingdom	United States
Q4 21	$550M	$196M	$512M	$305M	$283M
Q1 22	$530M	$203M	$556M	$346M	$312M
Q2 22	$584M	$224M	$556M	$360M	$361M
Q3 22	$618M	$243M	$544M	$373M	$415M
Q4 22	$584M	$250M	$479M	$415M	$376M
Q1 23	$490M	$216M	$451M	$413M	$389M
Q2 23	$530M	$215M	$519M	$449M	$381M
Q3 23	$582M	$203M	$507M	$464M	$425M
Q4 23	$566M	$184M	$462M	$427M	$379M
Q1 24	$405M	$161M	$433M	$444M	$419M
Q2 24	$454M	$153M	$390M	$414M	$325M
Q3 24	$467M	$168M	$450M	$396M	$282M
Q4 24	$454M	$143M	$460M	$384M	$282M
Q1 25	$370M	$142M	$274M	$368M	$293M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.6B	$0	$1.6B
Q2 22	$1.8B	$0	$1.8B
Q3 22	$2.5B	$0	$2.5B
Q4 22	$2.9B	$0	$2.9B
Q1 23	$2.7B	$0	$2.7B
Q2 23	$2.6B	$0	$2.6B
Q3 23	$2.7B	$0	$2.7B
Q4 23	$2.5B	$0	$2.5B
Q1 24	$2.6B	$0	$2.6B
Q2 24	$2.2B	$450M	$2.7B
Q3 24	$2.5B	$300M	$2.8B
Q4 24	$2.7B	$300M	$3.0B
Q1 25	$2.8B	$250M	$3.0B
Q2 25	$2.5B	$300M	$2.8B
Q3 25	$2.5B	$400M	$2.9B
Q4 25	$2.1B	$400M	$2.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	445M	+1.0%	+6.5%
Q1 22	449M	+0.8%	+0.8%
Q2 22	447M	-0.4%	+0.8%
Q3 22	449M	+0.4%	+1.8%
Q4 22	448M	-0.2%	+0.6%
Q1 23	449M	+0.1%	-0.1%
Q2 23	449M	+0.0%	+0.4%
Q3 23	451M	+0.4%	+0.4%
Q4 23	440M	-2.5%	-1.9%
Q1 24	437M	-0.7%	-2.7%
Q2 24	433M	-0.8%	-3.5%
Q3 24	432M	-0.3%	-4.2%
Q4 24	430M	-0.5%	-2.3%
Q1 25	421M	-1.9%	-3.5%
Q3 25	408M	-3.2%	-5.8%
Q4 25	402M	-1.4%	-6.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$61.5K	30K
Q1 22	$64.8K	30K
Q2 22	$69.5K	30K
Q3 22	$73.1K	30K
Q4 22	$67.9K	31K
Q1 23	$63.2K	31K
Q2 23	$67.6K	31K
Q3 23	$70.3K	31K
Q4 23	$67.3K	30K
Q1 24	$62.1K	30K
Q2 24	$57.8K	30K
Q3 24	$58.7K	30K
Q4 24	$65.2K	26K
Q1 25	$54.8K	26K
Q3 25	$58.7K	26K
Q4 25	$637.5K	2K

Revenue / Employee