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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.0B | $888M | $121M | $1.4B | 1.6% | -15.3% | -92.3% |
| 2024 | $7.1B | $2.5B | $1.6B | $1.2B | 17.9% | -14.2% | -28.0% |
| 2023 | $8.3B | $3.2B | $2.2B | $438M | 28.1% | -0.9% | 14.8% |
| 2022 | $8.3B | $3.0B | $1.9B | $1.6B | 30.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,326.20 | 8,253 | 7,082.30 | 5,995.40 |
| Operating Revenue | - | 8,326.20 | 8,253 | 7,082.30 | 5,995.40 |
| Cost Of Revenue | - | 4,249 | 4,369.50 | 3,866.20 | 4,011.50 |
| Gross Profit | - | 4,077.20 | 3,883.50 | 3,216.10 | 1,983.90 |
| Operating Expense | - | 1,312.50 | 1,269.90 | 1,314.50 | 1,232.80 |
| Research And Development | - | 600.20 | 577.30 | 612.70 | 583.60 |
| Selling General And Administration | - | 631.10 | 641.50 | 649.80 | 604.80 |
| Total Expenses | - | 5,561.50 | 5,639.40 | 5,180.70 | 5,244.30 |
| Operating Income | - | 2,764.70 | 2,613.60 | 1,901.60 | 751.10 |
| Total Operating Income As Reported | - | 2,360 | 2,538.70 | 1,767.70 | 84.20 |
| EBITDA | - | 3,008.90 | 3,220.10 | 2,542.60 | 888.20 |
| Normalized EBITDA | - | 3,353.70 | 3,309 | 2,676.50 | 1,555.10 |
| EBIT | - | 2,457.10 | 2,610.60 | 1,899.70 | 202.20 |
| Interest Income | - | 15.50 | 93.10 | 111.40 | 95.10 |
| Interest Expense | - | 94.90 | 74.80 | 62.30 | 70.90 |
| Net Interest Income | - | -79.40 | 18.30 | 49.10 | 24.20 |
| Other Non Operating Income Expenses | - | 21.70 | -7.20 | 20.60 | 22.90 |
| Other Income Expense | - | -323.10 | -96.10 | -113.30 | -644 |
| Interest Income Non Operating | - | 15.50 | 93.10 | 111.40 | 95.10 |
| Interest Expense Non Operating | - | 94.90 | 74.80 | 62.30 | 70.90 |
| Net Non Operating Interest Income Expense | - | -79.40 | 18.30 | 49.10 | 24.20 |
| Pretax Income | - | 2,362.20 | 2,535.80 | 1,837.40 | 131.30 |
| Tax Provision | - | 458.40 | 350.20 | 262.80 | 7.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -66.89 | -12.27 | -19.15 | -39.35 |
| Net Income Continuous Operations | - | 1,903.80 | 2,185.60 | 1,574.60 | 123.60 |
| Net Income From Continuing And Discontinued Operation | - | 1,902.20 | 2,183.70 | 1,572.80 | 121 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,902.20 | 2,183.70 | 1,572.80 | 121 |
| Net Income | - | 1,902.20 | 2,183.70 | 1,572.80 | 121 |
| Net Income Common Stockholders | - | 1,902.20 | 2,183.70 | 1,572.80 | 121 |
| Net Income Including Noncontrolling Interests | - | 1,903.80 | 2,185.60 | 1,574.60 | 123.60 |
| Normalized Income | - | 2,180.11 | 2,260.33 | 1,687.55 | 748.55 |
| Diluted NI Availto Com Stockholders | - | 1,904.20 | 2,185 | 1,572.80 | 121 |
| Basic Average Shares | - | 433.20 | 430.70 | 427.40 | 411 |
| Diluted Average Shares | - | 448.20 | 446.80 | 432.70 | 411.80 |
| Reconciled Depreciation | - | 551.80 | 609.50 | 642.90 | 686 |
| Reconciled Cost Of Revenue | - | 3,778.40 | 3,811.10 | 3,275.30 | 3,369.90 |
| Total Unusual Items | - | -344.80 | -88.90 | -133.90 | -666.90 |
| Total Unusual Items Excluding Goodwill | - | -344.80 | -88.90 | -133.90 | -666.90 |
| Minority Interests | - | -1.60 | -1.90 | -1.80 | -2.60 |
| Special Income Charges | - | -344.80 | -88.90 | -133.90 | -666.90 |
| Gain On Sale Of Business | - | 67 | -0.70 | 0 | 0 |
| Other Special Charges | 29 | 7.10 | 13.30 | - | - |
| Write Off | 3.30 | 22.60 | - | - | - |
| Impairment Of Capital Assets | - | 386.80 | 19.50 | 37.80 | 496 |
| Restructuring And Mergern Acquisition | - | -4.70 | 55.40 | 96.10 | 170.90 |
| Depreciation Amortization Depletion Income Statement | - | 81.20 | 51.10 | 52 | 44.40 |
| Depreciation And Amortization In Income Statement | - | 81.20 | 51.10 | 52 | 44.40 |
| General And Administrative Expense | - | 343.20 | 362.40 | 376.30 | 348.90 |
| Other Gand A | - | 343.20 | 362.40 | 376.30 | 348.90 |
| Selling And Marketing Expense | - | 287.90 | 279.10 | 273.50 | 255.90 |
| Average Dilution Earnings | - | 2 | 1.30 | 0 | 0 |
| Amortization | - | 81.20 | 51.10 | 52 | 44.40 |
| Amortization Of Intangibles Income Statement | - | 81.20 | 51.10 | 52 | 44.40 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| ON Semiconductor Corporationthis co. | ON | $51.3B | 423.57↑ premium | 6.68 | 1.6% | 58.67 |
| Teradyne, Inc. | TER | $63.7B | 114.96 | 22.78 | 19.8% | 80.80 |
| Keysight Technologies, Inc. | KEYS | $58.6B | 68.92 | 9.96 | 14.5% | 40.91 |
| Microchip Technology Incorporated | MCHP | $52.2B | 439.41 | 8.12 | 1.8% | 48.80 |
| Autodesk, Inc. | ADSK |
| - |
| - |
| - |
| - |
| - |
| - |
| $49.3B |
| 43.89 |
| 16.20 |
| 36.9% |
| 25.05 |
| Garmin Ltd. | GRMN | $46.7B | 28.04 | 5.20 | 18.5% | 21.58 |
| Strategy Inc | MSTR | $45.5B | -11.83 | 1.03 | -8.7% | -9.47 |
| Block, Inc. | XYZ | $42.2B | 32.32 | 1.90 | 5.9% | 11.66 |
| Jabil Inc. | JBL | $39.4B | 60.03 | 26.07 | 43.4% | 23.86 |
| Peer Median | - | 51.96 | 9.04 | 16.5% | 24.45 | |