ON Semiconductor Corporation logo

ON Semiconductor Corporation

ON

NASDAQTechnologySemiconductors

Latest quote

$74.21

−$0.50 · -0.67%

Aug 21, 3:59 PM ET

ON company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

59

Fair Value

Momentum

44

Neutral

Sentiment

75

Bullish

Risk resilience

40

Elevated Risk

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Company profile

Company website

ON Semiconductor Corporation operates as a global provider of sophisticated power and sensing solutions. Their cutting-edge power innovations are pivotal in modernizing various sectors: they contribute to the development of lighter, extended-range electric vehicles, underpin rapid-charging infrastructure, and bolster sustainable energy initiatives for applications such as solar arrays, industrial power systems, and energy storage. The company's operations are structured into three main divisions: the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group. ON Semiconductor offers a broad array of semiconductor products, including analog components, discrete devices, modules, and integrated circuits. These products are designed to perform numerous critical functions, such as power switching, energy conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation. Beyond these standard offerings, the firm also designs and develops specialized analog, mixed-signal, advanced logic, application-specific integrated circuits (ASICs) and standard products, radio frequency (RF) components, and integrated power management solutions, catering to a diverse range of end-market consumers. Furthermore, it provides foundry and design services specifically for government clients. The company's portfolio also encompasses advanced imaging technologies. This includes the creation of complementary metal-oxide-semiconductor (CMOS) image sensors, sophisticated image signal processors, and single photon detectors like silicon photomultipliers (SiPMs) and single-photon avalanche diode (SPAD) arrays. Additionally, ON Semiconductor produces actuator drivers essential for autofocus and image stabilization, serving a wide spectrum of end-users across numerous industries. Established in 1992, ON Semiconductor Corporation is headquartered in Phoenix, Arizona.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Hassane S. El-Khoury
Listed since
May 2, 2000
Employees
22,600

Market position

Volume
4.53M
0.38× average
Average volume
12.07M
Average daily volume
Market cap
28.89B USD
Beta
2.02
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
23.58B USD
EV / EBITDA
26.54×
Earnings yield
0.54%
Free cash flow yield
6.37%

Profitability & efficiency

Return on equity
1.58%
Return on assets
0.97%
Return on invested capital
6.24%

Financial health

Current ratio
4.52×
Altman Z-score
4.76
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends54%35%16%-3%Gross margin, FY2021: 40.27%Gross margin, FY2022: 48.97%Gross margin, FY2023: 47.06%Gross margin, FY2024: 45.41%Gross margin, FY2025: 32.29%Operating margin, FY2021: 19.10%Operating margin, FY2022: 28.34%Operating margin, FY2023: 30.76%Operating margin, FY2024: 24.96%Operating margin, FY2025: 12.47%Net margin, FY2021: 14.98%Net margin, FY2022: 22.85%Net margin, FY2023: 26.46%Net margin, FY2024: 22.21%Net margin, FY2025: 2.02%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 40.27%. Gross margin FY2022 48.97%. Gross margin FY2023 47.06%. Gross margin FY2024 45.41%. Gross margin FY2025 32.29%. Operating margin FY2021 19.10%. Operating margin FY2022 28.34%. Operating margin FY2023 30.76%. Operating margin FY2024 24.96%. Operating margin FY2025 12.47%. Net margin FY2021 14.98%. Net margin FY2022 22.85%. Net margin FY2023 26.46%. Net margin FY2024 22.21%. Net margin FY2025 2.02%.

Income trends

Revenue

6B USD-15.35%

Operating income

747.6M USD-57.71%

Net income

121M USD-92.31%
Income trends across reported periods9.15B USD5.86B USD2.58B USD−699.52M USDRevenue, FY2021: 6.74B USDRevenue, FY2022: 8.33B USDRevenue, FY2023: 8.25B USDRevenue, FY2024: 7.08B USDRevenue, FY2025: 6B USDOperating income, FY2021: 1.29B USDOperating income, FY2022: 2.36B USDOperating income, FY2023: 2.54B USDOperating income, FY2024: 1.77B USDOperating income, FY2025: 747.6M USDNet income, FY2021: 1.01B USDNet income, FY2022: 1.9B USDNet income, FY2023: 2.18B USDNet income, FY2024: 1.57B USDNet income, FY2025: 121M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.74B USD. Revenue FY2022 8.33B USD. Revenue FY2023 8.25B USD. Revenue FY2024 7.08B USD. Revenue FY2025 6B USD. Operating income FY2021 1.29B USD. Operating income FY2022 2.36B USD. Operating income FY2023 2.54B USD. Operating income FY2024 1.77B USD. Operating income FY2025 747.6M USD. Net income FY2021 1.01B USD. Net income FY2022 1.9B USD. Net income FY2023 2.18B USD. Net income FY2024 1.57B USD. Net income FY2025 121M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6B USD7.08B USD8.25B USD8.33B USD6.74B USD
Cost of goods sold4.06B USD3.87B USD4.37B USD4.25B USD4.03B USD
Gross profit1.94B USD3.22B USD3.88B USD4.08B USD2.71B USD
Research and development583.6M USD612.7M USD577.3M USD600.2M USD655M USD
Selling, general, and administrative604.8M USD649.8M USD641.5M USD631.1M USD598.4M USD
Operating expenses1.19B USD1.45B USD1.34B USD1.72B USD1.43B USD
Interest income95.1M USD111.4M USD93.1M USD15.5M USD1.4M USD
Interest expense70.9M USD62.3M USD74.8M USD94.9M USD130.4M USD
Depreciation and amortization686M USD642.9M USD609.5M USD551.8M USD596.7M USD
Operating income747.6M USD1.77B USD2.54B USD2.36B USD1.29B USD
Net income121M USD1.57B USD2.18B USD1.9B USD1.01B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+3.46%
11 comparable reports
Latest EPS result
0.74
Estimate 0.72 · Beat by 3.50%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.010.830.650.46Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 0.95, estimate 0.974, surprise -2.46%, Miss. Q2 2025, reported May 5, 2025: actual 0.55, estimate 0.502, surprise +9.56%, Beat. Q3 2025, reported Aug 4, 2025: actual 0.53, estimate 0.532, surprise -0.38%, Miss. Q4 2025, reported Nov 3, 2025: actual 0.63, estimate 0.59, surprise +6.78%, Beat. Q1 2026, reported Feb 9, 2026: actual 0.64, estimate 0.624, surprise +2.56%, Beat. Q2 2026, reported May 4, 2026: actual 0.64, estimate 0.61, surprise +4.92%, Beat. Q3 2026, reported Aug 3, 2026: actual 0.74, estimate 0.715, surprise +3.50%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 0.9, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.83B1.66B1.5B1.33BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 1.72B USD, estimate 1.76B USD, surprise -2.00%, Miss. Q2 2025, reported May 5, 2025: actual 1.45B USD, estimate 1.4B USD, surprise +3.14%, Beat. Q3 2025, reported Aug 4, 2025: actual 1.47B USD, estimate 1.45B USD, surprise +1.14%, Beat. Q4 2025, reported Nov 3, 2025: actual 1.55B USD, estimate 1.52B USD, surprise +2.24%, Beat. Q1 2026, reported Feb 9, 2026: actual 1.53B USD, estimate 1.54B USD, surprise -0.37%, Miss. Q2 2026, reported May 4, 2026: actual 1.51B USD, estimate 1.49B USD, surprise +1.72%, Beat. Q3 2026, reported Aug 3, 2026: actual 1.6B USD, estimate 1.59B USD, surprise +0.91%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 1.7B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$104.67

41.05% upside
Past 12 months12-month forecastHigh $150Average $104.67Low $40.00

Rating distribution

47 ratings
Strong buy00%
Buy2451%
Hold2247%
Sell12%
Strong sell00%

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