ON SEMICONDUCTOR CORP ON
ON Semiconductor Corporation, together with its wholly and majority-owned subsidiaries, which operate under the onsemiTM brand ("onsemi," "we," "us," "our," or the "Company"), was incorporated under the laws of the State of Delaware in 1992.
We offer intelligent power and intelligent sensing solutions that drive electrification, energy efficiency, safety, and automation in automotive, industrial, and other end-markets, including AI data center. Our intelligent power technologies enable the electrification of drivetrain in the automotive industry to allow for lighter and longer-range electric vehicles and empower efficient fast-charging systems. Our intelligent sensing technologies enable advanced safety applications in automotive through industry leading performance and reliability.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.00B | $7.08B | $8.25B | $8.33B | $6.74B | $5.25B | $5.52B | $5.88B | $5.54B | $3.91B |
| Cost of revenue | $4.01B | $3.87B | $4.37B | $4.25B | $4.03B | $3.54B | $3.54B | $3.64B | $3.51B | $2.61B |
| Gross profit | $1.98B | $3.22B | $3.88B | $4.08B | $2.71B | $1.72B | $1.97B | $2.24B | $2.04B | $1.30B |
| SG&A | $348.9M | $376.3M | $362.4M | $343.2M | $304.8M | $258.7M | $284.0M | $293.3M | $285.0M | $230.0M |
| Total operating expenses | $1.90B | $1.45B | $1.34B | $1.72B | $1.43B | $1.37B | $1.54B | $1.39B | $1.35B | $1.05B |
| Operating income | $84.2M | $1.77B | $2.54B | $2.36B | $1.29B | $348.7M | $432.7M | $847.2M | $681.6M | $246.8M |
| Interest expense | $70.9M | $62.3M | $74.8M | $94.9M | $130.4M | $168.4M | $148.3M | $128.2M | $141.2M | $145.3M |
| Pre-tax income | $131.3M | $1.84B | $2.54B | $2.36B | $1.16B | $176.6M | $276.6M | $755.0M | $547.5M | $180.6M |
| Income tax | $7.7M | $262.8M | $350.2M | $458.4M | $146.6M | $59.8M | $62.7M | $125.1M | $265.5M | $3.9M |
| Net income | $121.0M | $1.57B | $2.18B | $1.90B | $1.01B | $234.2M | $211.7M | $627.4M | $810.7M | $182.1M |
| EPS, basic | 0.29 | 3.68 | 5.07 | 4.39 | 2.37 | 0.57 | 0.52 | 1.48 | 1.92 | 0.44 |
| EPS, diluted | 0.29 | 3.63 | 4.89 | 4.25 | 2.27 | 0.56 | 0.51 | 1.44 | 1.89 | 0.43 |
| Shares, diluted (wtd. avg.) | $411.8M | $432.7M | $446.8M | $448.2M | $443.8M | $418.8M | $416.0M | $435.9M | $428.3M | $420.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.15B | $2.69B | $2.48B | $2.93B | $1.38B | $1.08B | $894.2M | $1.09B | $966.6M | $1.05B |
| Short-term investments | $400.0M | $300.0M | $0 | — | — | — | — | — | — | — |
| Receivables | $908.0M | $1.16B | $935.4M | $842.3M | $809.4M | $676.0M | $705.0M | $686.0M | $701.5M | $629.8M |
| Inventory | $1.99B | $2.24B | $2.11B | $1.62B | $1.38B | $1.25B | $1.23B | $1.23B | $1.09B | $1.03B |
| Total current assets | $5.82B | $6.75B | $5.91B | $5.73B | $3.78B | $3.18B | $3.02B | $3.17B | $2.93B | $2.87B |
| Property, plant and equipment | $3.37B | $4.36B | $4.40B | $3.45B | $2.52B | $2.51B | $2.59B | $2.55B | $2.28B | $2.16B |
| Goodwill | $1.68B | $1.59B | $1.58B | $1.58B | $1.94B | $1.66B | $1.66B | $932.5M | $916.9M | $924.7M |
| Other intangibles | $343.9M | $257.9M | $299.3M | $359.7M | $495.7M | $469.0M | $590.5M | $566.4M | $628.3M | $762.1M |
| Total assets | $12.52B | $14.09B | $13.22B | $11.98B | $9.63B | $8.67B | $8.43B | $7.59B | $7.20B | $6.92B |
| Accounts payable | $572.3M | $574.5M | $725.6M | $852.1M | $635.1M | $572.9M | $543.6M | $671.7M | $548.0M | $434.0M |
| Short-term debt | — | $0 | $794.0M | $147.8M | $160.7M | $531.6M | $736.0M | $138.5M | $248.1M | $553.8M |
| Total current liabilities | $1.29B | $1.33B | $2.18B | $2.06B | $1.54B | $1.67B | $1.82B | $1.47B | $1.41B | $1.50B |
| Long-term debt | $2.98B | $3.35B | $2.54B | $3.05B | $2.91B | $2.96B | $2.88B | $2.63B | $2.70B | $3.07B |
| Total liabilities | $4.83B | $5.28B | $5.41B | $5.77B | $5.02B | $5.11B | $5.10B | $4.39B | $4.39B | $5.05B |
| Retained earnings | $8.24B | $8.12B | $6.55B | $4.36B | $2.44B | $1.43B | $1.19B | $979.6M | $351.5M | -$527.3M |
| Total equity | $7.67B | $8.80B | $7.80B | $6.21B | $4.60B | $3.56B | $3.32B | $3.19B | $2.80B | $1.84B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.76B | $1.91B | $1.98B | $2.63B | $1.78B | $884.3M | $694.7M | $1.27B | $1.09B | $581.1M |
| Depreciation and amortisation | $686.0M | $642.9M | $609.5M | $551.8M | $596.7M | $625.1M | $593.1M | $508.7M | $481.9M | $364.1M |
| Stock-based compensation | $144.3M | $136.1M | $121.1M | $100.8M | $101.3M | $67.7M | $79.4M | $78.3M | $69.8M | $56.1M |
| Capital expenditure | $341.2M | $694.0M | $1.54B | $1.04B | $444.6M | $383.6M | $534.6M | $514.8M | $387.5M | $210.7M |
| Investing cash flow | -$538.5M | -$1.01B | -$1.74B | -$705.4M | -$915.1M | -$453.6M | -$1.51B | -$548.9M | -$364.8M | -$2.44B |
| Financing cash flow | -$1.76B | -$683.8M | -$686.5M | -$370.0M | -$569.4M | -$244.0M | $623.1M | -$605.1M | -$810.9M | $2.26B |
| Buybacks | $1.38B | $654.1M | $564.2M | $259.8M | $0 | $65.4M | $139.0M | $315.3M | $25.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001097864-26-000006.
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