ON Semiconductor Corporation

ON Technology Semiconductors

ON Semiconductor Corporation’s revenue for fiscal 2025 (year ended December 2025) was $6.0 billion, down 15.3% from fiscal 2024.

Revenue
+11.1%
EPS
+28.2%
Free cash flow
+33.5%
Total debt
+32.8%

Quarter to September 2026, against a year earlier

62.84 0.17 −0.27%
Market cap
$24.5B
P/E
36.6×
Fwd P/E
32.9×
Dividend yield
—
F-score
5/9
Altman Z
4.62
Beneish M
−3.05
Dividend safety
n/a

ON Semiconductor Corporation (ON) Gross margin

Alert me on Gross margin

ON Semiconductor Corporation's gross margin over the twelve months to 30 September 2026 was 38.7%, up 5.6 percentage points from fiscal 2025 (33.1%). Over the past ten years it has ranged from 32.7% (fiscal 2020) to 49.0% (fiscal 2022); the current reading is higher than 18% of that period. That is below the Semiconductors industry median of 52.2% and below the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 33.1% (12.32)
FY2024 45.4% (1.65)
FY2023 47.1% (1.91)
FY2022 49.0% 8.70
FY2021 40.3% 7.62
FY2020 32.7% (3.12)
FY2019 35.8% (2.31)
FY2018 38.1% 1.36
FY2017 36.7% 3.43
FY2016 33.3% (0.84)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 41.4% 2.97
Jun 2026 38.4% (0.10)
Mar 2026 38.5% 2.52
Dec 2025 36.0% (1.85)
43 more quarters

Against its own ten years

Low 32.7% High 49.0%
Ten-year median 36.7%
Current reading's percentile 67

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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