ON Semiconductor Corporation (ON) income statement
NASDAQ · Technology · Semiconductors · 22,600 employees · CEO Hassane S. El-Khoury
- Price
- $71.67 -4.74%
- Market cap
- $27.9B
- Enterprise value
- $28.9B
- Last report
- Q2 '26 filed 2026-08-03
- Next report
- 2026-11-02 EPS est. $0.88
ON Semiconductor Corporation (ON) reported revenue of $1.6B for Q2 '26 (+9.2% year on year), operating income of $259M (16.1% of revenue) and net income of $227M. Over the last four quarters revenue was $6.2B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.18B | $2.02B | $1.86B | $1.74B | $1.76B | $1.72B | $1.45B | $1.47B | $1.55B | $1.53B | $1.51B | $1.6B | |
| Cost of revenue | $1.15B | $1.08B | $1.01B | $951M | $963M | $943M | $1.15B | $917M | $964M | $996M | $930M | $987M | |
| Gross profit | $1.03B | $942M | $854M | $784M | $799M | $779M | $294M | $552M | $587M | $534M | $583M | $616M | |
| Research & development | $143M | $150M | $150M | $157M | $151M | $155M | $164M | $144M | $142M | $134M | $144M | $141M | |
| Sales & marketing | $68.2M | $67.5M | $69.1M | $68.6M | $65.4M | $70.4M | $68.3M | $63.3M | $62.8M | $61.5M | $63M | $63.3M | |
| General & administrative | $111M | $88.6M | $95.3M | $85M | $95.5M | $101M | $84.4M | $91.2M | $87.3M | $86M | $89.4M | $102M | |
| Other operating expenses | $21.4M | $23.5M | $14M | $85.4M | $42.1M | $44.4M | $551M | $60.2M | $30.8M | $0 | $340M | $51.7M | |
| Operating expenses | $344M | $330M | $328M | $396M | $354M | $371M | $868M | $359M | $323M | $281M | $637M | $358M | |
| Operating income | $687M | $612M | $525M | $389M | $445M | $409M | -$574M | $193M | $264M | $253M | -$53.4M | $259M | |
| Interest income | $25.7M | $26.3M | $27.6M | $27.4M | $28.6M | $27.8M | $26.6M | $25.2M | $22.7M | $20.6M | $17.7M | $17.4M | |
| Interest expense | $16.2M | $15.8M | $15.6M | $15.7M | $15.7M | $15.3M | $18M | $17.9M | $17.7M | $17.3M | $12.7M | $13.7M | |
| Other non-operating income (gains on investments, FX ...) | -$26.7M | -$14.6M | -$28.6M | -$29.3M | -$24.9M | -$49.2M | -$30.7M | -$26.7M | -$26.3M | $18.6M | $3.8M | -$26M | |
| Total non-operating income | $10.5M | -$1.2M | $13M | $13.6M | $9.2M | $33.9M | $12.7M | $8.8M | $8.6M | -$35.9M | $8.8M | $12.3M | |
| Income before tax | $698M | $611M | $538M | $402M | $455M | $443M | -$561M | $202M | $273M | $217M | -$44.6M | $271M | |
| Income tax | $115M | $47.5M | $84.5M | $63.7M | $51.9M | $62.7M | -$75.8M | $30.5M | $17.7M | $35.3M | -$11.7M | $43.4M | |
| Net income | $583M | $563M | $453M | $338M | $402M | $380M | -$486M | $170M | $255M | $182M | -$33.4M | $227M | |
| EPS (basic) | $1.35 | $1.31 | $1.06 | $0.79 | $0.94 | $0.89 | -$1.15 | $0.41 | $0.63 | $0.45 | -$0.08 | $0.58 | |
| EPS (diluted) | $1.29 | $1.28 | $1.04 | $0.78 | $0.93 | $0.88 | -$1.15 | $0.41 | $0.63 | $0.45 | -$0.08 | $0.56 | |
| Shares (basic, weighted) | 431M | 428M | 428M | 429M | 427M | 425M | 421M | 415M | 407M | 401M | 394M | 390M | |
| Shares (diluted, weighted) | 451M | 440M | 437M | 433M | 432M | 430M | 421M | 415M | 408M | 402M | 394M | 404M | |
| Depreciation & amortization | $155M | $160M | $155M | $160M | $162M | $167M | $168M | $156M | $147M | $215M | $287M | $141M | |
| EBITDA | $869M | $787M | $709M | $577M | $632M | $624M | -$375M | $377M | $437M | $449M | $230M | $426M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.91B | $5.54B | $5.88B | $5.52B | $5.26B | $6.74B | $8.33B | $8.25B | $7.08B | $6B | |
| Cost of revenue | $2.61B | $3.51B | $3.64B | $3.54B | $3.54B | $4.03B | $4.25B | $4.37B | $3.87B | $4.01B | |
| Gross profit | $1.3B | $2.04B | $2.24B | $1.97B | $1.72B | $2.71B | $4.08B | $3.88B | $3.22B | $1.98B | |
| Research & development | $447M | $595M | $651M | $641M | $643M | $655M | $600M | $577M | $613M | $584M | |
| Sales & marketing | $237M | $317M | $325M | $301M | $279M | $294M | $288M | $279M | $274M | $256M | |
| General & administrative | $230M | $285M | $293M | $284M | $259M | $305M | $343M | $362M | $376M | $349M | |
| Other operating expenses | $105M | $124M | $112M | $115M | $187M | $173M | $486M | $126M | $186M | $711M | |
| Operating expenses | $1.02B | $1.32B | $1.38B | $1.34B | $1.37B | $1.43B | $1.72B | $1.34B | $1.45B | $1.9B | |
| Operating income | $282M | $716M | $858M | $633M | $349M | $1.29B | $2.36B | $2.54B | $1.77B | $84.2M | |
| Interest income | $4.5M | $3M | $6.1M | $10.2M | $4.9M | $1.4M | $15.5M | $93.1M | $111M | $95.1M | |
| Interest expense | $145M | $141M | $128M | $148M | $168M | $130M | $94.9M | $74.8M | $62.3M | $70.9M | |
| Other non-operating income (gains on investments, FX ...) | -$43.7M | $26.8M | -$24.9M | $208M | $3.7M | -$600K | -$97.1M | -$71.9M | -$132M | -$118M | |
| Total non-operating income | -$102M | -$168M | -$103M | -$356M | -$172M | -$130M | $2.2M | -$2.9M | $69.7M | $47.1M | |
| Income before tax | $181M | $548M | $755M | $277M | $177M | $1.16B | $2.36B | $2.54B | $1.84B | $131M | |
| Income tax | -$3.9M | -$266M | $125M | $62.7M | -$59.8M | $147M | $458M | $350M | $263M | $7.7M | |
| Net income | $182M | $811M | $627M | $212M | $234M | $1.01B | $1.9B | $2.18B | $1.57B | $121M | |
| EPS (basic) | $0.44 | $1.92 | $1.48 | $0.52 | $0.57 | $2.37 | $4.39 | $5.07 | $3.68 | $0.29 | |
| EPS (diluted) | $0.43 | $1.89 | $1.44 | $0.51 | $0.56 | $2.27 | $4.25 | $4.89 | $3.63 | $0.29 | |
| Shares (basic, weighted) | 415M | 422M | 424M | 411M | 411M | 426M | 433M | 431M | 427M | 411M | |
| Shares (diluted, weighted) | 420M | 428M | 436M | 416M | 419M | 444M | 448M | 447M | 433M | 412M | |
| Depreciation & amortization | $364M | $482M | $509M | $593M | $625M | $597M | $552M | $610M | $643M | $686M | |
| EBITDA | $690M | $1.17B | $1.39B | $1.02B | $970M | $1.88B | $3.01B | $3.22B | $2.54B | $888M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-03, 10-Q 2026-04-03, 10-K 2025-12-31, 10-Q 2025-10-03, 10-Q 2025-07-04, 10-Q 2025-04-04, 10-K 2024-12-31, 10-Q 2024-09-27, 10-Q 2024-06-28
Data as of 2026-11-02