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Nasdaq · Technology

ON SEMICONDUCTOR CORP (ON)

As-reported financials and recent SEC filings for ON SEMICONDUCTOR CORP, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ON SEMICONDUCTOR CORP

ON Semiconductor Corporation designs and manufactures semiconductor products that provide intelligent power and sensing solutions for automotive, industrial, and AI data center markets. Its products include power switching devices, analog and mixed-signal components, and advanced imaging technologies used in electric vehicles, renewable energy systems, factory automation, and AI-enabled perception systems. The company serves customers globally through distributors and direct sales.

Snapshot

Revenue
$6.00B
Revenue growth (YoY)
-15.3%
Net income
$121.0M
Diluted EPS
$0.29
Gross margin
33.1%
Operating margin
1.4%
Net margin
2.0%
FCF margin
23.7%
ROE
1.6%
P/E (TTM)
65.5×
Market cap
$34.65B
Debt / equity
0.4×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at On Semiconductor

  • Revenue fell 15.3% to $6.0B in FY2025, after a 14.2% decline the year before.
  • Operating margin is 1.4% in FY2025, -17.7 pp against 19.1% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $1.5B, up 4.7% from Q1 FY2025.
  • Free cash flow was $1.4B in FY2025, 23.7% of revenue.
  • Net income fell 92.3% to $121M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where On Semiconductor’s fundamentals sit among the 88 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin33.1%
34th percentile of 78
Operating margin1.4%
49th percentile of 79
Net margin2.0%
51st percentile of 80
FCF margin23.7%
86th percentile of 78
Revenue growth (YoY)-15.3%
11th percentile of 88
ROE1.6%
48th percentile of 74
P/E (TTM)65.5×
61st percentile of 45
Debt / equity0.39×
66th percentile of 45
Short interest2.78d
54th percentile of 88

On Semiconductor’s revenue growth of -15.3% ranks in the 11th percentile of the 88 semiconductor companies reporting it. On Semiconductor’s FCF margin of 23.7% ranks in the 86th percentile of the 78 semiconductor companies reporting it.

No open-market insider transactions recorded in the last 90 days. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+5 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
6
4 trimmed, 2 exited
Combined position
$513.3M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ1 2026$275.8M4.5MAdded
Sachem Head Capital ManagementQ1 2026$120.4M1.9MNew
Gotham Asset ManagementQ1 2026$51.7M835.1KAdded
AQR Capital ManagementquantQ1 2026$24.1M408.5KAdded
D. E. ShawquantQ1 2026$18.3M294.9KReduced
Millennium ManagementquantQ1 2026$15.0M242.0KReduced
Citadel AdvisorsquantQ1 2026$6.8M109.3KReduced
Bridgewater AssociatesQ1 2026$1.2M20.0KReduced

No longer held by: Duquesne Family Office (as of Q1 2026), Renaissance Technologies (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
0
Signal
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-04-24
filed 2026-04-27
Thad TrentExec VP & CFOSell30.0K$100.00$3.0M
2026-04-23
filed 2026-04-27
Thad TrentExec VP & CFOSell30.0K$93.00$2.8M
2026-04-16
filed 2026-04-17
Thad TrentExec VP & CFOSell30.0K$80.00$2.4M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
31.3M
settled 2026-07-15
Change vs prior
+5.1%
vs previous settlement
Days to cover
2.78
at avg daily volume
Avg daily volume
11.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1531.3M+5.1%2.78
2026-06-3029.8M-4.5%1.78
2026-06-1531.2M-0.2%2.63
2026-05-2931.2M-11.0%2.79
2026-05-1535.1M+20.3%2.37
2026-04-3029.2M-2.9%2.25
2026-04-1530.1M-1.7%4.51
2026-03-3130.6M+8.7%4.14

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$6.00B$7.08B$8.25B$8.33B$6.74B
Gross profit$1.98B$3.22B$3.88B$4.08B$2.71B
Operating income$84.2M$1.77B$2.54B$2.36B$1.29B
Net income$121.0M$1.57B$2.18B$1.90B$1.01B
Diluted EPS$0.29$3.63$4.89$4.25$2.27

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.76B$1.91B$1.98B$2.63B$1.78B
Capital expenditure$341.2M$694.0M$1.54B$1.04B$444.6M
Free cash flow$1.42B$1.21B$438.4M$1.60B$1.34B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$1.51B4.7%$-33.4M$-0.08
Q4 FY2025$1.53B-11.2%$181.8M$0.45
Q3 FY2025$1.55B-12.0%$255.0M$0.63
Q2 FY2025$1.47B-15.4%$170.3M$0.41
Q1 FY2025$1.45B-22.4%$-486.1M$-1.15
Q4 FY2024$1.72B-14.6%$379.9M$0.88
Q3 FY2024$1.76B-19.2%$401.7M$0.93
Q2 FY2024$1.74B-17.2%$338.2M$0.78

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2016
SEC CIK1097864

Recent SEC filings

10-K2026-02-09
View on EDGAR →
10-K2025-02-10
View on EDGAR →
10-Q2026-05-04
View on EDGAR →
10-Q2025-11-03
View on EDGAR →
10-Q2025-08-04
View on EDGAR →
10-Q2025-05-05
View on EDGAR →
8-K2026-06-25
View on EDGAR →
8-K2026-05-18
View on EDGAR →

Largest semiconductor peers

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.