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): $6.2B
Revenue growth: -3.1%
Operating margin: 10.8%
Net income (12 months): $630M
Free cash flow (12 months): $1.5B
Cash: $3.5B
Debt: $4.5B
Diluted EPS (12 months): $1.55

Twelve months to July 3, 2026, from the 10-Q filed August 3, 2026.

Latest twelve months

Over the twelve months to July 3, 2026, ON Semiconductor reported revenue of $6.2 billion, down 3.1% from $6.4 billion a year earlier.

Its operating margin was 10.8%, up 3.4 percentage points from a year earlier: for every $100 of sales, about $11 was left as operating profit.

Net income was $630 million (10.2% of revenue), 35.3% higher than a year earlier.

Operating cash flow was $1.7 billion and capital spending $172 million, leaving free cash flow of $1.5 billion (24.2% of revenue).

At the end of the period it held $3.5 billion in cash and $4.5 billion in debt, a net debt position of $990 million.

The diluted share count fell 2.5% 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

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
8-K filed May 18, 2026 — Executive or director change; Shareholder vote results
8-K filed May 12, 2026 — Material agreement; New debt obligation
8-K filed May 7, 2026 — Other event
8-K filed May 6, 2026 — Other event

All ON Semiconductor filings on SEC EDGAR

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Questions about ON Semiconductor

Is ON Semiconductor's revenue growing?

No. Revenue for the twelve months to July 3, 2026 was $6.2 billion, down 3.1% from a year earlier, according to its SEC filings.

Is ON Semiconductor profitable?

Yes. It earned $630 million in net income over the twelve months to July 3, 2026, a net margin of 10.2%.

Does ON Semiconductor have more cash or more debt?

At July 3, 2026 it had $3.5 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 August 3, 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 September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.