ON Semiconductor Corporation (ON) Income Statement
ON 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsON revenue and net income
Where ON's revenue goes
2025Each bar shows an amount and its share of revenue. ON kept 2.0% of revenue as net income.
ON profit margins
ON growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −15.3% | −10.4% | +2.7% | +5.5% |
| Gross profit | −38.3% | −21.3% | +2.9% | +5.2% |
| Operating income | −95.2% | −67.1% | −24.7% | −11.1% |
| Net income | −92.3% | −60.1% | −12.4% | −5.2% |
| EPS (diluted) | −41.0% | −23.9% | +22.8% | +10.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ON quarterly EPS vs estimates
onsemi beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.88).
ON income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Research & development | $583.6M | $612.7M | $577.3M | $600.2M | $655.0M | $642.9M | $640.9M | $650.7M | $594.7M | $446.8M |
| Sales, general & admin | $604.8M | $649.8M | $641.5M | $631.1M | $598.4M | $537.4M | $585.0M | $618.0M | $601.6M | $466.7M |
| Total operating expenses | $1.90B | $1.45B | $1.34B | $1.72B | $1.43B | $1.37B | $1.34B | $1.38B | $1.32B | $1.02B |
| Operating income | $84.2M | $1.77B | $2.54B | $2.36B | $1.29B | $348.7M | $632.5M | $858.3M | $715.5M | $282.2M |
| Interest income | $95.1M | $111.4M | $93.1M | $15.5M | $1.4M | $4.9M | $10.2M | $6.1M | $3.0M | $4.5M |
| Interest expense | $70.9M | $62.3M | $74.8M | $94.9M | $130.4M | $168.4M | $148.3M | $128.2M | $141.2M | $145.3M |
| Income before taxes | $131.3M | $1.84B | $2.54B | $2.36B | $1.16B | $176.6M | $276.6M | $755.0M | $547.5M | $180.6M |
| Income taxes | $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 |
| EBITDA | $888.2M | $2.54B | $2.54B | $3.01B | $1.88B | $970.1M | $1.02B | $1.39B | $1.17B | $690.0M |
| EPS (diluted) | $2.35 | $3.98 | $5.16 | $5.33 | $2.94 | $0.84 | $1.48 | $1.96 | $1.17 | $0.91 |
| Gross margin | 33.1% | 45.4% | 47.1% | 49.0% | 40.3% | 32.7% | 35.8% | 38.1% | 36.7% | 33.3% |
| Operating margin | 1.4% | 25.0% | 30.8% | 28.3% | 19.1% | 6.6% | 11.5% | 14.6% | 12.9% | 7.2% |
| Net margin | 2.0% | 22.2% | 26.5% | 22.8% | 15.0% | 4.5% | 3.8% | 10.7% | 14.6% | 4.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.60B | $1.51B | $1.53B | $1.55B | $1.47B | $1.45B | $1.72B | $1.76B | $1.74B | $1.86B | $2.02B | $2.18B |
| Cost of revenue | $987.2M | $930.2M | $995.8M | $963.7M | $916.8M | $1.15B | $943.4M | $962.5M | $951.2M | $1.01B | $1.08B | $1.15B |
| Gross profit | $616.3M | $583.1M | $534.3M | $587.2M | $551.9M | $293.8M | $779.1M | $799.4M | $784.0M | $853.6M | $941.9M | $1.03B |
| Research & development | $140.8M | $144.3M | $133.8M | $141.9M | $143.8M | $164.1M | $155.2M | $151.0M | $156.5M | $150.0M | $150.2M | $143.4M |
| Sales, general & admin | $165.2M | $152.4M | $147.5M | $150.1M | $154.5M | $152.7M | $170.9M | $160.9M | $153.6M | $164.4M | $156.1M | $178.9M |
| Total operating expenses | $357.7M | $636.5M | $281.3M | $322.8M | $358.5M | $867.5M | $370.5M | $354.0M | $395.5M | $328.4M | $329.8M | $343.7M |
| Operating income | $258.6M | −$53.4M | $253.0M | $264.4M | $193.4M | −$573.7M | $408.6M | $445.4M | $388.5M | $525.2M | $612.1M | $687.0M |
| Interest income | $17.4M | $17.7M | $20.6M | $22.7M | $25.2M | $26.6M | $27.8M | $28.6M | $27.4M | $27.6M | $26.3M | $25.7M |
| Interest expense | $13.7M | $12.7M | $17.3M | $17.7M | $17.9M | $18.0M | $15.3M | $15.7M | $15.7M | $15.6M | $15.8M | $16.2M |
| Income before taxes | $270.9M | −$44.6M | $217.1M | $273.0M | $202.2M | −$561.0M | $442.5M | $454.6M | $402.1M | $538.2M | $610.9M | $697.5M |
| Income taxes | $43.4M | −$11.7M | $35.3M | $17.7M | $30.5M | −$75.8M | $62.7M | $51.9M | $63.7M | $84.5M | $47.5M | $114.6M |
| Net income | $226.8M | −$33.4M | $181.8M | $255.0M | $170.3M | −$486.1M | $379.9M | $401.7M | $338.2M | $453.0M | $562.7M | $582.7M |
| EBITDA | $425.9M | $229.5M | $449.3M | $437.2M | $376.5M | −$374.8M | $624.4M | $632.1M | $577.4M | $708.7M | $787.0M | $869.1M |
| EPS (diluted) | $0.74 | $0.64 | $0.64 | $0.63 | $0.53 | $0.55 | $0.95 | $0.99 | $0.96 | $1.08 | $1.25 | $1.39 |
| Gross margin | 38.4% | 38.5% | 34.9% | 37.9% | 37.6% | 20.3% | 45.2% | 45.4% | 45.2% | 45.8% | 46.7% | 47.3% |
| Operating margin | 16.1% | −3.5% | 16.5% | 17.0% | 13.2% | −39.7% | 23.7% | 25.3% | 22.4% | 28.2% | 30.3% | 31.5% |
| Net margin | 14.1% | −2.2% | 11.9% | 16.4% | 11.6% | −33.6% | 22.1% | 22.8% | 19.5% | 24.3% | 27.9% | 26.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ON's financial statements (latest annual report filed February 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ON financial results
In fiscal year 2025 (ended December 31, 2025), onsemi reported revenue of $6.0 billion, down 15.3% from the year before. It had net income of $121.0 million (down 92.3%), a net profit margin of 2.0%. Diluted earnings per share came to $2.35. Over five years revenue grew at an average rate of 2.7% a year.
See the ON stock overview for the latest quote and news, or the ON chart for price history and technical indicators.
ON income statement FAQ
What is onsemi's annual revenue?
onsemi reported total revenue of $6.0 billion for fiscal year 2025, which ended on December 31, 2025. That was down 15.3% from $7.1 billion the previous year.
Is onsemi profitable?
Yes. onsemi reported net income of $121.0 million in fiscal 2025, a net profit margin of 2.0%; its operating margin was 1.4%.
What is onsemi's gross margin?
onsemi's gross margin was 33.1% in fiscal 2025: for every $100 of revenue, onsemi kept $33 after the direct cost of its products and services.
How much does onsemi spend on research and development?
onsemi spent $583.6 million on research and development in fiscal 2025, 9.7% of revenue.
How fast is onsemi growing?
Revenue grew 2.7% a year on average over the last five fiscal years, from $5.3 billion to $6.0 billion.
What are onsemi's earnings per share?
onsemi earned $2.35 per diluted share in fiscal 2025, compared with $3.98 a year earlier.
When will onsemi report its next earnings?
onsemi is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does onsemi's fiscal year end?
onsemi's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 9, 2026.