ON Chart
About

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies. Its Analog and Mixed-Signal Group segment designs and develops analog and mixed-signal solutions, including power management, sensor interface, connectivity, and standard products for automotive, industrial automation, AI data centers, computing, and mobile end markets. The Intelligent Sensing Group segment develops complementary metal-oxide-semiconductor image sensors, image signal processors, short-wave infrared sensors, and other products, as well as photon-counting technologies, including single-photon avalanche diode arrays and silicon photomultiplier devices for depth sensing, factory automation, safety systems, and robotics industries. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.

Fundamentals
Scroll to Statements
Sector Technology Industry Semiconductors Market Cap 28.39B
Enterprise Value 28.32B Income 121.00M Sales 6.00B
Book/sh 19.34 Cash/sh 6.47 Dividend Yield —
Payout 0.00% Employees 22600 IPO —
P/E 243.31 Forward P/E 17.55 PEG —
P/S 4.74 P/B 3.65 P/C —
EV/EBITDA 16.18 EV/Sales 4.72 Quick Ratio 2.73
Current Ratio 4.52 Debt/Eq 42.29 LT Debt/Eq —
EPS (ttm) 0.29 EPS next Y 4.02 EPS Growth -48.70%
Revenue Growth -11.20% Earnings 2026-05-04 ROA 5.00%
ROE 1.50% ROIC — Gross Margin 38.32%
Oper. Margin 18.82% Profit Margin 2.02% Shs Outstand 394.02M
Shs Float 392.34M Short Float 14.40% Short Ratio 3.94
Short Interest — 52W High 73.76 52W Low 31.04
Beta 1.54 Avg Volume 9.42M Volume 726.23K
Target Price $68.20 Recom Buy Prev Close $70.03
Price $70.56 Change 0.76%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$68.20
Mean price target
2. Current target
$70.00
Latest analyst target
3. DCF / Fair value
$71.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$70.00
Low
$56.00
High
$80.00
Mean
$68.20

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-13 init Barclays — → Equal-Weight $75
2026-02-10 main JP Morgan Neutral → Neutral $70
2026-02-10 main Citigroup Neutral → Neutral $68
2026-02-10 main Piper Sandler Overweight → Overweight $75
2026-02-10 reit Cantor Fitzgerald Neutral → Neutral $60
2026-02-10 main Wells Fargo Overweight → Overweight $72
2026-02-10 main Keybanc Overweight → Overweight $75
2026-02-10 main Mizuho Outperform → Outperform $70
2026-02-10 down Benchmark Buy → Hold —
2026-02-10 main Truist Securities Hold → Hold $66
2026-02-10 main Rosenblatt Neutral → Neutral $60
2026-02-10 main Needham Buy → Buy $72
2026-01-21 main B of A Securities Neutral → Neutral $65
2026-01-20 main B. Riley Securities Neutral → Neutral $58
2026-01-16 main Stifel Hold → Hold $60
2026-01-15 main Citigroup Neutral → Neutral $66
2026-01-15 main Wells Fargo Overweight → Overweight $70
2026-01-07 main Piper Sandler Overweight → Overweight $65
2025-12-19 main Truist Securities Hold → Hold $57
2025-11-24 main Morgan Stanley Equal-Weight → Equal-Weight $56
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 48860 3505699 — Sale at price 71.56 - 71.77 per share. KEETON SIMON Officer — 2026-02-17 00:00:00 D
1 20000 1460414 — Sale at price 73.02 - 73.56 per share. EL KHOURY HASSANE Chief Executive Officer — 2026-02-12 00:00:00 D
2 60000 4272975 — Sale at price 70.87 - 73.39 per share. THAD TRENT Chief Financial Officer — 2026-02-12 00:00:00 D
3 3570 — — Stock Gift at price 0.00 per share. KIDDOO BRUCE E Director — 2026-02-12 00:00:00 D
4 27508 — — Stock Award(Grant) at price 0.00 per share. GOPALSWAMY SUDHIR Officer — 2026-02-05 00:00:00 D
5 29147 — — Stock Award(Grant) at price 0.00 per share. KEETON SIMON Officer — 2026-02-05 00:00:00 D
6 112772 — — Stock Award(Grant) at price 0.00 per share. EL KHOURY HASSANE Chief Executive Officer — 2026-02-05 00:00:00 D
7 38862 — — Stock Award(Grant) at price 0.00 per share. THAD TRENT Chief Financial Officer — 2026-02-05 00:00:00 D
8 189 10435 — Stock Award(Grant) at price 55.21 per share. MASCARENAS PAUL ANTHONY Director — 2025-12-19 00:00:00 D
9 21000 1170059 — Sale at price 55.72 per share. KEETON SIMON Officer — 2025-12-04 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-39.35M-19.15M-12.27M-66.89M
TaxRateForCalcs0.060.140.140.19
NormalizedEBITDA1.56B2.68B3.31B3.35B
TotalUnusualItems-666.90M-133.90M-88.90M-344.80M
TotalUnusualItemsExcludingGoodwill-666.90M-133.90M-88.90M-344.80M
NetIncomeFromContinuingOperationNetMinorityInterest121.00M1.57B2.18B1.90B
ReconciledDepreciation686.00M642.90M609.50M551.80M
ReconciledCostOfRevenue3.37B3.28B3.81B3.78B
EBITDA888.20M2.54B3.22B3.01B
EBIT202.20M1.90B2.61B2.46B
NetInterestIncome24.20M49.10M18.30M-79.40M
InterestExpense70.90M62.30M74.80M94.90M
InterestIncome95.10M111.40M93.10M15.50M
NormalizedIncome748.55M1.69B2.26B2.18B
NetIncomeFromContinuingAndDiscontinuedOperation121.00M1.57B2.18B1.90B
TotalExpenses5.24B5.18B5.64B5.56B
TotalOperatingIncomeAsReported84.20M1.77B2.54B2.36B
DilutedAverageShares411.80M432.70M446.80M448.20M
BasicAverageShares411.00M427.40M430.70M433.20M
DilutedEPS0.293.634.894.24
BasicEPS0.293.685.074.39
DilutedNIAvailtoComStockholders121.00M1.57B2.19B1.90B
AverageDilutionEarnings0.000.001.30M2.00M
NetIncomeCommonStockholders121.00M1.57B2.18B1.90B
NetIncome121.00M1.57B2.18B1.90B
MinorityInterests-2.60M-1.80M-1.90M-1.60M
NetIncomeIncludingNoncontrollingInterests123.60M1.57B2.19B1.90B
NetIncomeContinuousOperations123.60M1.57B2.19B1.90B
TaxProvision7.70M262.80M350.20M458.40M
PretaxIncome131.30M1.84B2.54B2.36B
OtherIncomeExpense-644.00M-113.30M-96.10M-323.10M
OtherNonOperatingIncomeExpenses22.90M20.60M-7.20M21.70M
SpecialIncomeCharges-666.90M-133.90M-88.90M-344.80M
GainOnSaleOfBusiness0.000.00-700.00K67.00M
OtherSpecialCharges13.30M7.10M29.00M
WriteOff22.60M3.30M
ImpairmentOfCapitalAssets496.00M37.80M19.50M386.80M
RestructuringAndMergernAcquisition170.90M96.10M55.40M-4.70M
NetNonOperatingInterestIncomeExpense24.20M49.10M18.30M-79.40M
InterestExpenseNonOperating70.90M62.30M74.80M94.90M
InterestIncomeNonOperating95.10M111.40M93.10M15.50M
OperatingIncome751.10M1.90B2.61B2.76B
OperatingExpense1.23B1.31B1.27B1.31B
DepreciationAmortizationDepletionIncomeStatement44.40M52.00M51.10M81.20M
DepreciationAndAmortizationInIncomeStatement44.40M52.00M51.10M81.20M
Amortization44.40M52.00M51.10M81.20M
AmortizationOfIntangiblesIncomeStatement44.40M52.00M51.10M81.20M
ResearchAndDevelopment583.60M612.70M577.30M600.20M
SellingGeneralAndAdministration604.80M649.80M641.50M631.10M
SellingAndMarketingExpense255.90M273.50M279.10M287.90M
GeneralAndAdministrativeExpense348.90M376.30M362.40M343.20M
OtherGandA348.90M376.30M362.40M343.20M
GrossProfit1.98B3.22B3.88B4.08B
CostOfRevenue4.01B3.87B4.37B4.25B
TotalRevenue6.00B7.08B8.25B8.33B
OperatingRevenue6.00B7.08B8.25B8.33B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber228.22M199.70M189.90M176.43M
OrdinarySharesNumber396.74M422.96M426.39M431.94M
ShareIssued624.96M622.66M616.28M608.37M
NetDebt832.90M654.60M853.60M274.50M
TotalDebt3.00B3.37B3.36B3.23B
TangibleBookValue5.65B6.95B5.91B4.25B
InvestedCapital10.65B12.14B11.12B9.38B
WorkingCapital4.54B5.42B3.73B3.67B
NetTangibleAssets5.65B6.95B5.91B4.25B
CapitalLeaseObligations24.30M21.00M23.20M37.20M
CommonStockEquity7.67B8.80B7.78B6.19B
TotalCapitalization10.65B12.14B10.33B9.23B
TotalEquityGrossMinorityInterest7.69B8.81B7.80B6.21B
MinorityInterest18.60M18.10M18.00M18.50M
StockholdersEquity7.67B8.80B7.78B6.19B
GainsLossesNotAffectingRetainedEarnings-55.50M-62.40M-45.20M-23.20M
OtherEquityAdjustments-55.50M-62.40M-45.20M-23.20M
TreasuryStock6.06B4.64B3.94B2.83B
RetainedEarnings8.24B8.12B6.55B4.36B
AdditionalPaidInCapital5.54B5.37B5.21B4.67B
CapitalStock6.20M6.20M6.20M6.10M
CommonStock6.20M6.20M6.20M6.10M
TotalLiabilitiesNetMinorityInterest4.83B5.28B5.41B5.77B
TotalNonCurrentLiabilitiesNetMinorityInterest3.54B3.94B3.23B3.71B
OtherNonCurrentLiabilities498.50M536.30M627.30M607.30M
NonCurrentDeferredLiabilities41.70M37.60M38.70M34.10M
NonCurrentDeferredTaxesLiabilities41.70M37.60M38.70M34.10M
LongTermDebtAndCapitalLeaseObligation3.00B3.37B2.56B3.07B
LongTermCapitalLeaseObligation23.80M20.70M22.40M23.00M
LongTermDebt2.98B3.35B2.54B3.05B
CurrentLiabilities1.29B1.33B2.18B2.06B
OtherCurrentLiabilities220.30M276.70M246.10M281.50M
CurrentDeferredLiabilities51.80M98.20M87.60M
CurrentDeferredRevenue51.80M98.20M87.60M
CurrentDebtAndCapitalLeaseObligation500.00K300.00K794.80M162.00M
CurrentCapitalLeaseObligation500.00K300.00K800.00K14.20M
CurrentDebt794.00M147.80M160.70M
OtherCurrentBorrowings794.00M147.80M160.70M
CurrentProvisions250.80M225.50M108.30M209.90M
PayablesAndAccruedExpenses764.30M734.10M946.80M1.41B
CurrentAccruedExpenses177.30M134.50M183.80M521.10M
Payables587.00M599.60M763.00M886.90M
TotalTaxPayable14.70M25.10M37.40M34.80M
IncomeTaxPayable14.70M25.10M37.40M34.80M
AccountsPayable572.30M574.50M725.60M852.10M
TotalAssets12.52B14.09B13.22B11.98B
TotalNonCurrentAssets6.70B7.34B7.30B6.25B
OtherNonCurrentAssets356.00M360.20M381.30M438.60M
NonCurrentDeferredAssets929.10M729.90M600.80M376.70M
NonCurrentDeferredTaxesAssets929.10M729.90M600.80M376.70M
GoodwillAndOtherIntangibleAssets2.02B1.85B1.88B1.94B
OtherIntangibleAssets343.90M257.90M299.30M359.70M
Goodwill1.68B1.59B1.58B1.58B
NetPPE3.39B4.40B4.44B3.50B
AccumulatedDepreciation-4.17B-3.96B-3.53B-3.16B
GrossPPE7.56B8.36B7.97B6.65B
OtherProperties23.10M40.50M42.40M45.80M
MachineryFurnitureEquipment5.93B6.78B6.49B5.43B
BuildingsAndImprovements1.50B1.42B1.32B1.06B
LandAndImprovements116.50M115.70M117.80M117.80M
Properties0.000.000.000.00
CurrentAssets5.82B6.75B5.91B5.73B
OtherCurrentAssets352.90M353.30M382.10M351.30M
AssetsHeldForSaleCurrent25.00M5.30M
Inventory1.99B2.24B2.11B1.62B
FinishedGoods337.10M500.30M421.40M429.00M
WorkInProcess1.39B1.39B1.22B951.00M
RawMaterials263.60M349.80M469.30M236.80M
Receivables908.00M1.16B935.40M842.30M
AccountsReceivable908.00M1.16B935.40M842.30M
CashCashEquivalentsAndShortTermInvestments2.55B2.99B2.48B2.92B
OtherShortTermInvestments400.00M300.00M0.00
CashAndCashEquivalents2.15B2.69B2.48B2.92B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.42B1.21B438.40M1.60B
RepurchaseOfCapitalStock-1.38B-654.10M-564.20M-259.80M
RepaymentOfDebt-376.70M-2.20M-1.74B-541.50M
IssuanceOfDebt0.000.001.84B500.00M
CapitalExpenditure-341.20M-694.00M-1.54B-1.04B
InterestPaidSupplementalData58.30M62.70M73.20M80.70M
IncomeTaxPaidSupplementalData347.50M428.20M443.20M88.20M
EndCashPosition2.15B2.69B2.48B2.93B
BeginningCashPosition2.69B2.48B2.93B1.38B
EffectOfExchangeRateChanges-1.90M-4.40M-1.10M-2.40M
ChangesInCash-542.50M212.80M-446.90M1.56B
FinancingCashFlow-1.76B-683.80M-686.50M-370.00M
CashFlowFromContinuingFinancingActivities-1.76B-683.80M-686.50M-370.00M
NetOtherFinancingCharges-31.60M-52.70M-496.90M-91.60M
ProceedsFromStockOptionExercised22.10M25.20M268.30M22.90M
NetCommonStockIssuance-1.38B-654.10M-564.20M-259.80M
CommonStockPayments-1.38B-654.10M-564.20M-259.80M
NetIssuancePaymentsOfDebt-376.70M-2.20M106.30M-41.50M
NetLongTermDebtIssuance-376.70M-2.20M106.30M-41.50M
LongTermDebtPayments-376.70M-2.20M-1.74B-541.50M
LongTermDebtIssuance0.000.001.84B500.00M
InvestingCashFlow-538.50M-1.01B-1.74B-705.40M
CashFlowFromContinuingInvestingActivities-538.50M-1.01B-1.74B-705.40M
NetOtherInvestingChanges-5.00M-1.50M
NetInvestmentPurchaseAndSale-100.00M-300.00M33.50M10.80M
SaleOfInvestment950.00M750.00M33.50M28.80M
PurchaseOfInvestment-1.05B-1.05B0.00-18.00M
NetBusinessPurchaseAndSale-124.50M-20.50M-236.30M260.70M
SaleOfBusiness0.000.00263.10M7.00M
PurchaseOfBusiness-124.50M-20.50M-236.30M-2.40M
NetIntangiblesPurchaseAndSale0.000.00
PurchaseOfIntangibles0.000.00
NetPPEPurchaseAndSale-309.00M-687.80M-1.54B-976.90M
SaleOfPPE32.20M6.20M4.00M59.10M
PurchaseOfPPE-341.20M-694.00M-1.54B-1.04B
OperatingCashFlow1.76B1.91B1.98B2.63B
CashFlowFromContinuingOperatingActivities1.76B1.91B1.98B2.63B
ChangeInWorkingCapital493.00M-382.00M-862.70M-250.40M
ChangeInOtherCurrentLiabilities-67.70M-114.80M14.90M8.40M
ChangeInOtherCurrentAssets89.60M107.00M700.00K-110.50M
ChangeInPayablesAndAccruedExpense34.20M-300.00K-270.30M134.70M
ChangeInAccruedExpense-102.70M62.20M-178.60M96.50M
ChangeInPayable136.90M-62.50M-91.70M38.20M
ChangeInAccountPayable136.90M-62.50M-91.70M38.20M
ChangeInInventory273.40M-129.60M-495.20M-235.20M
ChangeInReceivables163.50M-244.30M-112.80M-47.80M
OtherNonCashItems9.80M21.10M6.60M11.10M
StockBasedCompensation144.30M136.10M121.10M100.80M
AssetImpairmentCharge496.00M37.80M19.50M405.40M
DeferredTax-193.70M-129.60M-127.70M3.10M
DeferredIncomeTax-193.70M-129.60M-127.70M3.10M
DepreciationAmortizationDepletion686.00M642.90M609.50M551.80M
DepreciationAndAmortization686.00M642.90M609.50M551.80M
OperatingGainsLosses800.00K5.50M25.60M-92.50M
GainLossOnSaleOfPPE800.00K5.50M11.60M-32.60M
GainLossOnSaleOfBusiness0.000.00700.00K-67.00M
NetIncomeFromContinuingOperations123.60M1.57B2.19B1.90B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ON
Date User Asset Broker Type Position Size Entry Price Patterns