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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 |
| 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 |
| Operating Income | - | 2,764.70 | 2,613.60 | 1,901.60 | 751.10 |
| EBITDA | - | 3,008.90 | 3,220.10 | 2,542.60 | 888.20 |
| EBIT | - | 2,457.10 | 2,610.60 | 1,899.70 | 202.20 |
| Pretax Income | - | 2,362.20 | 2,535.80 | 1,837.40 | 131.30 |
| Tax Provision | - | 458.40 | 350.20 | 262.80 | 7.70 |
| 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 |
| Total Expenses | - | 5,561.50 | 5,639.40 | 5,180.70 | 5,244.30 |
| Interest Expense | - | 94.90 | 74.80 | 62.30 | 70.90 |
| Interest Income | - | 15.50 | 93.10 | 111.40 | 95.10 |
| Research And Development | - | 600.20 | 577.30 | 612.70 | 583.60 |
| Selling General And Administration | - | 631.10 | 641.50 | 649.80 | 604.80 |
| Normalized EBITDA | - | 3,353.70 | 3,309 | 2,676.50 | 1,555.10 |
| Normalized Income | - | 2,180.11 | 2,260.33 | 1,687.55 | 748.55 |
| Market Cap | 38,703.41 | 38,703.41 | 38,703.41 | 38,703.41 | 38,703.41 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| ON Semiconductor Corporationthis co. | ON | $41.1B | 319.86↑ premium | 5.04 | 1.6% | 44.54 |
| Autodesk, Inc. | ADSK | $50.5B | 44.57 | 16.45 | 36.9% | 25.43 |
| Garmin Ltd. | GRMN | $49.9B | 30.07 | 5.58 | 18.5% | 23.21 |
| Datadog, Inc. | DDOG | $45.0B | 425.25 | 12.28 | 2.9% | 240.90 |
| Block, Inc. | XYZ | $43.9B | 33.34 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.96 |
| 5.9% |
| 12.05 |
| Roper Technologies, Inc. | ROP | $38.0B | 23.68 | 1.83 | 7.7% | 14.38 |
| Jabil Inc. | JBL | $37.4B | 54.86 | 23.82 | 43.4% | 21.88 |
| Paychex, Inc. | PAYX | $32.4B | 19.42 | 7.80 | 40.1% | 14.28 |
| Workday, Inc. | WDAY | $31.8B | 44.42 | 3.94 | 8.9% | 22.52 |
| Peer Median | - | 38.88 | 6.69 | 13.7% | 22.20 | |