ON Semiconductor (ON): financials, SEC filings and peers

ON Semiconductor (ON) is a semiconductors company in the Information Technology sector of the S&P 500, headquartered in Phoenix, Arizona.

It was founded in 1999 and joined the S&P 500 on June 21, 2022.

Its fiscal year ends in December, and its shares trade on the Nasdaq.

In its SEC filings it is classified as “Semiconductors & Related Devices”.

ON Semiconductor at a glance

Revenue (12 months): $6.4B
Revenue growth: +2.9%
Operating margin: 12.3%
Net income (12 months): $689M
Free cash flow (12 months): $1.6B
Cash: $4.2B
Debt: $4.5B
Diluted EPS (12 months): $1.71

Twelve months to October 2, 2026, from the 10-Q filed November 2, 2026.

Latest twelve months

Over the twelve months to October 2, 2026, ON Semiconductor reported revenue of $6.4 billion, about the same as a year earlier (+2.9%).

Its operating margin was 12.3%, up 7.6 percentage points from a year earlier: for every $100 of sales, about $12 was left as operating profit.

Net income was $689 million (10.8% of revenue), 116.0% higher than a year earlier.

Operating cash flow was $1.8 billion and capital spending $153 million, leaving free cash flow of $1.6 billion (25.4% of revenue).

At the end of the period it held $4.2 billion in cash and $4.5 billion in debt, a net debt position of $347 million.

The diluted share count fell 2.6% in a year, typically the result of buybacks.

Five-year trend

Revenue went from $5.3 billion in fiscal 2020 to $6.0 billion in fiscal 2025, about 2.7% a year.
Operating margin narrowed from 6.6% to 1.4% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$6.7B	$8.3B	$8.3B	$7.1B	$6.0B
Revenue growth	28.3%	23.5%	-0.9%	-14.2%	-15.3%
Operating margin	19.1%	28.3%	30.8%	25.0%	1.4%
Net income	$1.0B	$1.9B	$2.2B	$1.6B	$121M
Free cash flow	$1.3B	$1.6B	$438M	$1.2B	$1.4B
Diluted EPS	$2.27	$4.25	$4.89	$3.63	$0.29

Fiscal years as reported in ON Semiconductor’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed November 2, 2026 — quarterly report
8-K filed November 2, 2026 — Earnings results
8-K filed November 2, 2026 — Material agreement; Regulation FD disclosure
8-K filed October 1, 2026 — Material agreement; Other event
8-K filed August 13, 2026 — Other event
10-Q filed August 3, 2026 — quarterly report
8-K filed August 3, 2026 — Earnings results
8-K filed June 25, 2026 — Material agreement; Other event

All ON Semiconductor filings on SEC EDGAR

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Questions about ON Semiconductor

Is ON Semiconductor's revenue growing?

Yes. Revenue for the twelve months to October 2, 2026 was $6.4 billion, up 2.9% from a year earlier, according to its SEC filings.

Is ON Semiconductor profitable?

Yes. It earned $689 million in net income over the twelve months to October 2, 2026, a net margin of 10.8%.

Does ON Semiconductor have more cash or more debt?

At October 2, 2026 it had $4.2 billion in cash and $4.5 billion in debt, so more debt than cash.

When did ON Semiconductor last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on November 2, 2026.

Which companies are similar to ON Semiconductor?

In the S&P 500, ON Semiconductor is grouped in Semiconductors within the Information Technology sector. Analog Devices (ADI), Advanced Micro Devices (AMD), Broadcom (AVGO), First Solar (FSLR), Intel (INTC) are in the same group.

Understand the numbers

Source: ON Semiconductor’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.