Financials · ON

ON Semiconductor Corporation (ON) financials

For the twelve months ended Oct 2, 2026, ON Semiconductor Corporation reported $6.37B of revenue and $689.10M of net income.

Revenue, TTM
$6.37B
Revenue growth, YoY
+2.9%
Net income, TTM
$689.10M
Net income growth, YoY
+116.0%
Net margin
10.8%
Free cash flow, TTM
$1.62B
EPS, diluted, TTM
$1.67
EPS growth, YoY
+116.9%
Cash
$4.16B
Total debt
$4.46B
P/E
35.76
P/S
3.87
Market cap
$24.64B
Annual revenue$6.00B
FY2016FY2025
Annual net income$121.00M
FY2016FY2025
Annual free cash flow$1.42B
FY2016FY2025

ON revenue and earnings growth

ON revenueQ3 2026$1.72B

Quarter YoY
+11.1%
QoQ
+7.4%
FY YoY
-15.3%
5Y CAGR
+2.7%
10Y CAGR
+5.5%

ON revenue was $1.72B in fiscal Q3 2026 (ended Oct 2, 2026), up 11.1% from a year earlier and up 7.4% from the prior quarter. For the full fiscal 2025 it was $6.00B, down 15.3% from fiscal 2024. Compound annual growth was +2.7% over 5 years and +5.5% over 10 years. It rose in 5 of the last 10 fiscal years.

ON net incomeQ3 2026$313.90M

Quarter YoY
+23.1%
QoQ
+38.4%
FY YoY
-92.3%
5Y CAGR
-12.4%
10Y CAGR
-5.2%

ON net income was $313.90M in fiscal Q3 2026 (ended Oct 2, 2026), up 23.1% from a year earlier and up 38.4% from the prior quarter. For the full fiscal 2025 it was $121.00M, down 92.3% from fiscal 2024. Compound annual growth was -12.4% over 5 years and -5.2% over 10 years. It rose in 5 of the last 10 fiscal years.

ON EPSQ3 2026$0.79

Quarter YoY
+25.4%
QoQ
+41.1%
FY YoY
-92.0%
5Y CAGR
-12.3%
10Y CAGR
-4.9%

ON diluted EPS was $0.79 in fiscal Q3 2026 (ended Oct 2, 2026), up 25.4% from a year earlier and up 41.1% from the prior quarter. For the full fiscal 2025 it was $0.29, down 92.0% from fiscal 2024. Compound annual growth was -12.3% over 5 years and -4.9% over 10 years.

ON free cash flowQ3 2026$488.60M

Quarter YoY
+31.2%
QoQ
+14.9%
FY YoY
+17.0%
5Y CAGR
+23.2%
10Y CAGR
+21.7%

ON free cash flow was $488.60M in fiscal Q3 2026 (ended Oct 2, 2026), up 31.2% from a year earlier and up 14.9% from the prior quarter. For the full fiscal 2025 it was $1.42B, up 17.0% from fiscal 2024. Compound annual growth was +23.2% over 5 years and +21.7% over 10 years. It rose in 8 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$6.00B$7.08B$8.25B$8.33B$6.74B$5.25B$5.52B$5.88B$5.54B$3.91B
Cost of revenue$4.01B$3.87B$4.37B$4.25B$4.03B$3.54B$3.54B$3.64B$3.51B$2.61B
Gross profit$1.98B$3.22B$3.88B$4.08B$2.71B$1.72B$1.97B$2.24B$2.04B$1.30B
Research and development$583.60M$612.70M$577.30M$600.20M$655.00M$642.90M$640.90M$650.70M$594.70M$446.80M
Selling, general and admin$348.90M$376.30M$362.40M$343.20M$304.80M$258.70M$284.00M$293.30M$285.00M$230.00M
Operating income$84.20M$1.77B$2.54B$2.36B$1.29B$348.70M$432.70M$847.20M$681.60M$246.80M
Interest expense$70.90M$62.30M$74.80M$94.90M$130.40M$168.40M$148.30M$128.20M$141.20M$145.30M
Pre-tax income$131.30M$1.84B$2.54B$2.36B$1.16B$176.60M$276.60M$755.00M$547.50M$180.60M
Income tax$7.70M$262.80M$350.20M$458.40M$146.60M-$59.80M$62.70M$125.10M-$265.50M-$3.90M
Net income$121.00M$1.57B$2.18B$1.90B$1.01B$234.20M$211.70M$627.40M$810.70M$182.10M
EPS, basic$0.29$3.68$5.07$4.39$2.37$0.57$0.52$1.48$1.92$0.44
EPS, diluted$0.29$3.63$4.89$4.25$2.27$0.56$0.51$1.44$1.89$0.43
Diluted shares411.8M432.7M446.8M448.2M443.8M418.8M416.0M435.9M428.3M420.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$2.15B$2.69B$2.48B$2.93B$1.38B$1.08B$894.20M$1.09B$966.60M$1.05B
Short-term investments$400.00M$300.00M$0-------
Receivables$908.00M$1.16B$935.40M$842.30M$809.40M$676.00M$705.00M$686.00M$701.50M$629.80M
Inventory$1.99B$2.24B$2.11B$1.62B$1.38B$1.25B$1.23B$1.23B$1.09B$1.03B
Current assets$5.82B$6.75B$5.91B$5.73B$3.78B$3.18B$3.02B$3.17B$2.93B$2.87B
Goodwill$1.68B$1.59B$1.58B$1.58B$1.94B$1.66B$1.66B$932.50M$916.90M$924.70M
Total assets$12.52B$14.09B$13.22B$11.98B$9.63B$8.67B$8.43B$7.59B$7.20B$6.92B
Current liabilities$1.29B$1.33B$2.18B$2.06B$1.54B$1.67B$1.82B$1.47B$1.41B$1.50B
Short-term debt$0$0$794.00M$147.80M$160.70M$531.60M$736.00M$138.50M$248.10M$553.80M
Long-term debt$2.98B$3.35B$2.54B$3.05B$2.91B$2.96B$2.88B$2.63B$2.70B$3.07B
Total debt$2.98B$3.35B$3.34B$3.19B$3.07B$3.49B$3.61B$2.77B$2.95B$3.62B
Total liabilities$4.83B$5.28B$5.41B$5.77B$5.02B$5.11B$5.10B$4.39B$4.39B$5.05B
Shareholders' equity$7.67B$8.81B$7.80B$6.21B$4.60B$3.56B$3.32B$3.19B$2.80B$1.84B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$1.76B$1.91B$1.98B$2.63B$1.78B$884.30M$694.70M$1.27B$1.09B$581.10M
Capital expenditures$341.20M$694.00M$1.54B$1.04B$444.60M$383.60M$534.60M$514.80M$387.50M$210.70M
Free cash flow$1.42B$1.21B$438.40M$1.60B$1.34B$500.70M$160.10M$759.40M$706.70M$370.40M
Investing cash flow-$538.50M-$1.01B-$1.74B-$705.40M-$915.10M-$453.60M-$1.51B-$548.90M-$364.80M-$2.44B
Financing cash flow-$1.76B-$683.80M-$686.50M-$370.00M-$569.40M-$244.00M$623.10M-$605.10M-$810.90M$2.26B
Share repurchases$1.38B$654.10M$564.20M$259.80M$0$65.40M$139.00M$315.30M$25.00M$0
Stock-based compensation$144.30M$136.10M$121.10M$100.80M$101.30M$67.70M$79.40M$78.30M$69.80M$56.10M
Depreciation and amortization$686.00M$642.90M$609.50M$551.80M$596.70M$625.10M$593.10M$508.70M$481.90M$364.10M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY-15.3%-14.2%-0.9%23.5%28.3%-4.8%-6.1%6.0%41.9%11.8%
Net income growth, YoY-92.3%-28.0%14.8%88.4%331.1%10.6%-66.3%-22.6%345.2%-11.7%
EPS growth, YoY-92.0%-25.8%15.1%87.2%305.4%9.8%-64.6%-23.8%339.5%-10.4%
Gross margin33.1%45.4%47.1%49.0%40.3%32.7%35.8%38.1%36.7%33.3%
Operating margin1.4%25.0%30.8%28.3%19.1%6.6%7.8%14.4%12.3%6.3%
Net margin2.0%22.2%26.5%22.8%15.0%4.5%3.8%10.7%14.6%4.7%
Free cash flow margin23.7%17.1%5.3%19.2%19.8%9.5%2.9%12.9%12.7%9.5%
Return on equity1.6%17.8%28.0%30.6%21.9%6.6%6.4%19.6%28.9%9.9%
Return on assets1.0%11.2%16.5%15.9%10.5%2.7%2.5%8.3%11.3%2.6%
Current ratio4.525.062.712.782.451.901.662.162.081.91
Debt to equity0.390.380.430.510.670.981.090.871.051.96

Source: XBRL data ON Semiconductor Corporation files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ON peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ON$6.37B+2.9%$689.10M10.8%$24.64B
STM$11.80B-11.1%$166.00M1.4%$37.24B
VSH$3.51B+17.6%$95.24M2.7%$3.57B
DIOD$1.78B+24.2%$115.52M6.5%$3.56B

ON FAQ

9 questions
  • What is ON revenue?
    ON Semiconductor Corporation (ON) reported $6.37B of revenue for the twelve months ended Oct 2, 2026. That is up 2.9% from the year before. Revenue for fiscal 2025 was $6.00B.
  • Is ON profitable?
    Yes. ON Semiconductor Corporation earned $689.10M in net income for the twelve months ended Oct 2, 2026, a net margin of 10.8%.
  • How much cash and debt does ON have?
    ON Semiconductor Corporation reported $4.16B in cash and cash equivalents and $4.46B of debt on its most recent balance sheet in SEC filings.
  • How fast is ON revenue growing?
    ON Semiconductor Corporation's revenue changed -15.3% in fiscal 2025, to $6.00B. Its compound annual growth rate was +2.7% over 5 years and +5.5% over 10 years.
  • What is ON gross margin?
    ON Semiconductor Corporation's gross profit was $2.46B on $6.37B of revenue for the twelve months ended Oct 2, 2026, a gross margin of 38.7%.
  • What is ON free cash flow?
    ON Semiconductor Corporation generated $1.62B of free cash flow for the twelve months ended Oct 2, 2026, which is operating cash flow of $1.77B less capital expenditures.
  • What is ON earnings per share?
    Diluted earnings per share were $1.67 for the twelve months ended Oct 2, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ON last report financial results?
    The latest statements here come from ON Semiconductor Corporation's 10-Q filed on Nov 2, 2026, covering the period ended Oct 2, 2026.
  • Where does this ON financial data come from?
    Quantisnow builds these statements from the structured XBRL data ON Semiconductor Corporation files with the SEC. It is provided for information only and is not investment advice.