ON Semiconductor Corporation (ON) financial statements: income statement, balance sheet and cash flow
ON Semiconductor Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), ON Semiconductor Corporation reported revenue of $6.0B (-15.3% year on year) and net income of $123.6M (-92.2% year on year).
Income statement
ON Semiconductor Corporation income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$6.0B
$7.1B
$8.3B
$8.3B
Cost of revenue
$4.0B
$3.9B
$4.4B
$4.2B
Gross profit
$2.0B
$3.2B
$3.9B
$4.1B
Research and development
$583.6M
$612.7M
$577.3M
$600.2M
Selling and marketing
$255.9M
$273.5M
$279.1M
$287.9M
General and administrative
$348.9M
$376.3M
$362.4M
$343.2M
Amortization of intangible assets
$44.4M
$52.0M
$51.1M
$81.2M
Restructuring, asset impairments and other, net
$666.9M
$133.9M
$74.9M
$17.9M
Total operating expenses
$1.9B
$1.4B
$1.3B
$1.7B
Operating income
$84.2M
$1.8B
$2.5B
$2.4B
Interest expense
($70.9M)
($62.3M)
($74.8M)
($94.9M)
Interest income
$95.1M
$111.4M
$93.1M
$15.5M
Loss on debt refinancing and prepayment
$0
$0
($13.3M)
($7.1M)
Loss on divestiture of businesses
$0
$0
($700.0K)
$67.0M
Other income (expense), net
$22.9M
$20.6M
($7.2M)
$21.7M
Other income (expense), net
$47.1M
$69.7M
($2.9M)
$2.2M
Income before income taxes
$131.3M
$1.8B
$2.5B
$2.4B
Income tax provision
($7.7M)
($262.8M)
($350.2M)
($458.4M)
Less: Net income attributable to non-controlling interest
($2.6M)
($1.8M)
($1.9M)
($1.6M)
Net income attributable to ON Semiconductor Corporation
$121.0M
$1.6B
$2.2B
$1.9B
Net income for diluted earnings per share of common stock (Note 10)
$121000000.00
$1572800000.00
$2185000000.00
$1904200000.00
Basic (in dollars per share)
$0.29
$3.68
$5.07
$4.39
Diluted (in dollars per share)
$0.29
$3.63
$4.89
$4.25
Basic (in shares)
411.0M
427.4M
430.7M
433.2M
Diluted (in shares)
411.8M
432.7M
446.8M
448.2M
Net income
$123.6M
$1.6B
$2.2B
$1.9B
Foreign currency translation adjustments
$400.0K
($3.4M)
($2.1M)
($6.0M)
Effects of cash flow hedges
$6.5M
($13.8M)
($19.9M)
$23.4M
Other comprehensive income (loss), net of tax
$6.9M
($17.2M)
($22.0M)
$17.4M
Comprehensive income
$130.5M
$1.6B
$2.2B
$1.9B
Comprehensive income attributable to non-controlling interest
($2.6M)
($1.8M)
($1.9M)
($1.6M)
Comprehensive income attributable to ON Semiconductor Corporation
$127.9M
$1.6B
$2.2B
$1.9B
ON Semiconductor Corporation income statement, quarters
Line item
Jul 3, 2026 · Q3
Apr 3, 2026 · Q2
Oct 3, 2025 · Q4
Jul 4, 2025 · Q3
Revenue
$1.6B
$1.5B
$1.6B
$1.5B
Cost of revenue
$987.2M
$930.2M
$963.7M
$916.8M
Gross profit
$616.3M
$583.1M
$587.2M
$551.9M
Research and development
$140.8M
$144.3M
$141.9M
$143.8M
Selling and marketing
$63.3M
$63.0M
$62.8M
$63.3M
General and administrative
$101.9M
$89.4M
$87.3M
$91.2M
Amortization of intangible assets
$10.5M
$10.5M
$11.2M
$11.0M
Restructuring, asset impairments and other, net
$41.2M
$329.3M
$19.6M
$49.2M
Total operating expenses
$357.7M
$636.5M
$322.8M
$358.5M
Operating income (loss)
$258.6M
($53.4M)
$264.4M
$193.4M
Interest expense
($13.7M)
($12.7M)
($17.7M)
($17.9M)
Interest income
$17.4M
$17.7M
$22.7M
$25.2M
Other income
$8.6M
$3.8M
$3.6M
$1.5M
Other income (expense), net
$12.3M
$8.8M
$8.6M
$8.8M
Income (loss) before income taxes
$270.9M
($44.6M)
$273.0M
$202.2M
Income tax (provision) benefit
($43.4M)
$11.7M
($17.7M)
($30.5M)
Less: Net income attributable to non-controlling interest
($700.0K)
($500.0K)
($300.0K)
($1.4M)
Net income (loss) attributable to ON Semiconductor Corporation
$226.8M
($33.4M)
$255.0M
$170.3M
Basic (in dollars per share)
$0.58
-$0.08
$0.63
$0.41
Diluted (in dollars per share)
$0.56
-$0.08
$0.63
$0.41
Basic (in shares)
390.3M
394.1M
406.9M
414.6M
Diluted (in shares)
404.4M
394.1M
408.0M
414.9M
Net income (loss)
$227.5M
($32.9M)
$255.3M
$171.7M
Foreign currency translation adjustments
($900.0K)
($300.0K)
($900.0K)
$1.4M
Effects of cash flow hedges and other adjustments
($4.5M)
($5.9M)
($3.1M)
$4.7M
Other comprehensive income (loss), net of tax
($5.4M)
($6.2M)
($4.0M)
$6.1M
Comprehensive income (loss)
$222.1M
($39.1M)
$251.3M
$177.8M
Comprehensive income attributable to non-controlling interest
($700.0K)
($500.0K)
($300.0K)
($1.4M)
Comprehensive income (loss) attributable to ON Semiconductor Corporation
$221.4M
($39.6M)
$251.0M
$176.4M
Balance sheet
ON Semiconductor Corporation balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$2.1B
$2.7B
$2.5B
$2.9B
Short-term investments
$400.0M
$300.0M
—
—
Receivables, net
$908.0M
$1.2B
$935.4M
$842.3M
Inventories
$2.0B
$2.2B
$2.1B
$1.6B
Assets held-for-sale
$25.0M
—
—
—
Other current assets
$352.9M
$358.6M
$382.1M
$351.3M
Total current assets
$5.8B
$6.8B
$5.9B
$5.7B
Property, plant and equipment, net
$3.4B
$4.4B
$4.4B
$3.5B
Goodwill
$1.7B
$1.6B
$1.6B
$1.6B
Intangible assets, net
$343.9M
$257.9M
$299.3M
$359.7M
Deferred tax assets
$929.1M
$729.9M
$600.8M
$376.7M
ROU financing lease assets
$23.1M
$40.5M
$42.4M
$45.8M
Other assets
$356.0M
$360.2M
$381.3M
$438.6M
Total assets
$12.5B
$14.1B
$13.2B
$12.0B
Accounts payable
$572.3M
$574.5M
$725.6M
$852.1M
Accrued expenses and other current liabilities
$714.9M
$760.0M
$663.2M
$1.0B
Current portion of financing lease liabilities
$500.0K
$300.0K
$800.0K
$14.2M
Total current liabilities
$1.3B
$1.3B
$2.2B
$2.1B
Long-term debt
$3.0B
$3.3B
$2.5B
$3.0B
Deferred tax liabilities
$41.7M
$37.6M
$38.7M
$34.1M
Long-term financing lease liabilities
$23.8M
$20.7M
$22.4M
$23.0M
Other long-term liabilities
$498.5M
$536.3M
$627.3M
$607.3M
Total liabilities
$4.8B
$5.3B
$5.4B
$5.8B
Common stock ($0.01 par value, 1,250,000,000 shares authorized, 624,962,201 and 622,655,553 shares issued, 396,740,551 and 422,955,173 shares outstanding, respectively)
6.2M
6.2M
6.2M
6.1M
Additional paid-in capital
$5.5B
$5.4B
$5.2B
$4.7B
Accumulated other comprehensive loss
($55.5M)
($62.4M)
($45.2M)
($23.2M)
Accumulated earnings
$8.2B
$8.1B
$6.5B
$4.4B
Less: Treasury stock, at cost; 228,221,650 and 199,700,380 shares, respectively
-6.1B
-4.6B
-3.9B
-2.8B
Total ON Semiconductor Corporation stockholders’ equity
$7.7B
$8.8B
$7.8B
$6.2B
Non-controlling interest
$18.6M
$18.1M
$18.0M
$18.5M
Total stockholders' equity
$7.7B
$8.8B
$7.8B
$6.2B
Total liabilities and stockholders' equity
$12.5B
$14.1B
$13.2B
$12.0B
ON Semiconductor Corporation balance sheet, quarters
Line item
Jul 3, 2026
Apr 3, 2026
Oct 3, 2025
Jul 4, 2025
Cash and cash equivalents
$3.5B
$2.0B
$2.5B
$2.5B
Short-term investments
$350.0M
$400.0M
$400.0M
$300.0M
Receivables, net
$897.2M
$862.8M
$943.4M
$927.0M
Inventories
$2.0B
$2.0B
$2.0B
$2.1B
Assets held-for-sale
$31.4M
$40.4M
$70.5M
$63.5M
Other current assets
$441.2M
$419.6M
$396.7M
$447.1M
Total current assets
$7.3B
$5.8B
$6.3B
$6.4B
Property, plant and equipment, net
$2.9B
$3.0B
$3.6B
$3.7B
Goodwill
$1.7B
$1.7B
$1.6B
$1.6B
Intangible assets, net
$329.4M
$332.2M
$289.5M
$296.9M
Deferred tax assets
$1.0B
$933.2M
$837.5M
$754.8M
ROU financing lease assets
$0
$0
$38.7M
$39.3M
Other assets
$247.1M
$254.3M
$321.3M
$327.3M
Total assets
$13.5B
$12.0B
$13.0B
$13.1B
Accounts payable
$498.3M
$486.1M
$479.1M
$474.3M
Accrued expenses and other current liabilities
$801.0M
$698.7M
$730.8M
$790.0M
Current portion of financing lease liabilities
$500.0K
$500.0K
$500.0K
$400.0K
Current portion of long-term debt
$802.1M
—
—
—
Total current liabilities
$2.1B
$1.2B
$1.2B
$1.3B
Long-term debt
$3.7B
$3.0B
$3.4B
$3.4B
Deferred tax liabilities
$46.8M
$46.5M
$41.1M
$39.9M
Long-term financing lease liabilities
$22.8M
$23.1M
$23.8M
$23.7M
Other long-term liabilities
$417.8M
$452.2M
$455.7M
$486.0M
Total liabilities
$6.2B
$4.7B
$5.1B
$5.2B
Common stock ($0.01 par value, 1,250,000,000 shares authorized, 626,960,841 and 624,962,201 issued, 389,290,999 and 396,740,551 outstanding, respectively)
6.3M
6.3M
6.2M
6.2M
Additional paid-in capital
$5.6B
$5.6B
$5.5B
$5.5B
Accumulated other comprehensive loss
($67.1M)
($61.7M)
($54.4M)
($50.4M)
Accumulated earnings
$8.4B
$8.2B
$8.1B
$7.8B
Less: Treasury stock, at cost: 237,669,842 and 228,221,650 shares, respectively
-6.8B
-6.4B
-5.6B
-5.3B
Total ON Semiconductor Corporation stockholders’ equity
$7.2B
$7.3B
$7.9B
$7.9B
Non-controlling interest
$19.8M
$19.1M
$20.7M
$20.4M
Total stockholders’ equity
$7.2B
$7.3B
$7.9B
$8.0B
Total liabilities and stockholders’ equity
$13.5B
$12.0B
$13.0B
$13.1B
Cash flow statement
ON Semiconductor Corporation cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$123.6M
$1.6B
$2.2B
$1.9B
Depreciation and amortization
$686.0M
$642.9M
$609.5M
$551.8M
Loss on sale or disposal of property, plant and equipment
$800.0K
$5.5M
$11.6M
($32.6M)
Loss on divestiture of businesses
$0
$0
$700.0K
($67.0M)
Loss on debt refinancing and prepayment
$0
$0
$13.3M
$7.1M
Amortization of debt discount and issuance costs
$11.4M
$11.1M
$11.3M
$11.0M
Share-based compensation
$144.3M
$136.1M
$121.1M
$100.8M
Non-cash asset impairment charges
$496.0M
$37.8M
$19.5M
$18.6M
Change in deferred tax balances
($193.7M)
($129.6M)
($127.7M)
$3.1M
Other
($1.6M)
$10.0M
($4.7M)
$100.0K
Receivables
$163.5M
($244.3M)
($112.8M)
($47.8M)
Inventories
$273.4M
($129.6M)
($495.2M)
($235.2M)
Other assets
$89.6M
$107.0M
$700.0K
($110.5M)
Accounts payable
$136.9M
($62.5M)
($91.7M)
$38.2M
Accrued expenses and other current liabilities
($102.7M)
$62.2M
($178.6M)
$96.5M
Other long-term liabilities
($67.7M)
($114.8M)
$14.9M
$8.4M
Net cash provided by operating activities
$1.8B
$1.9B
$2.0B
$2.6B
Payments for acquisition of property, plant and equipment
($341.2M)
($694.0M)
($1.6B)
($1.0B)
Proceeds from sale of property, plant and equipment and assets held-for-sale
$32.2M
$6.2M
$4.0M
$59.1M
Payments related to acquisition of business, net of cash acquired
($124.5M)
($20.5M)
($236.3M)
—
Purchase of short-term investments and available-for-sale securities
($1.1B)
($1.1B)
$0
($18.0M)
Proceeds from maturity of short-term investments and available-for-sale securities
$950.0M
$750.0M
$33.5M
$28.8M
Other
($5.0M)
($1.5M)
—
—
Net cash used in investing activities
($538.5M)
($1.0B)
($1.7B)
($705.4M)
Proceeds for the issuance of common stock under the ESPP
22.1M
25.2M
25.8M
22.9M
Payment of tax withholding for RSUs
($29.1M)
($51.0M)
($66.8M)
($78.1M)
Repurchase of common stock
($1.4B)
($654.1M)
($564.2M)
($259.8M)
Issuance and borrowings under debt agreements
$0
$0
$1.8B
$500.0M
Repayment of borrowings under debt agreements
($375.0M)
$0
($1.7B)
($530.0M)
Payment on principal portion of finance lease obligations
($1.7M)
($2.2M)
($15.3M)
($11.5M)
Payment for purchase of bond hedges
$0
$0
($414.0M)
$0
Proceeds from issuance of warrants
$0
$0
$242.5M
$0
Other
($2.5M)
($1.7M)
—
—
Net cash used in financing activities
($1.8B)
($683.8M)
($686.5M)
($370.0M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
($1.9M)
($4.4M)
($1.1M)
($2.4M)
Net increase (decrease) in cash, cash equivalents and restricted cash
($544.4M)
$208.4M
($448.0M)
$1.6B
Cash, cash equivalents and restricted cash, beginning of period
$2.7B
$2.5B
$2.9B
$1.4B
Cash, cash equivalents and restricted cash, end of period
$2.1B
$2.7B
$2.5B
$2.9B
ON Semiconductor Corporation cash flow statement, quarters
Line item
Jul 3, 2026 · YTD
Apr 3, 2026 · Q2
Oct 3, 2025 · YTD
Jul 4, 2025 · YTD
Net income (loss)
$194.6M
($32.9M)
($58.2M)
($313.5M)
Depreciation and amortization
$428.0M
$286.7M
$471.1M
$324.6M
Gain on sale or disposal of fixed assets
($1.4M)
($1.1M)
($7.1M)
($5.8M)
Amortization of debt discount and issuance costs
$6.7M
$2.9M
$8.6M
$5.7M
Share-based compensation
$74.7M
$37.3M
$106.5M
$68.3M
Non-cash asset impairment charges
$163.3M
$147.0M
$487.9M
$472.1M
Change in deferred tax balances
($10.1M)
$2.7M
($113.1M)
($32.2M)
Other
($300.0K)
($2.2M)
$1.2M
$4.3M
Receivables
($11.2M)
$26.2M
$119.4M
$185.9M
Inventories
($58.1M)
($59.8M)
$214.7M
$175.7M
Other assets
($49.6M)
($38.5M)
($1.7M)
($104.2M)
Accounts payable
($58.3M)
($75.9M)
$95.4M
$40.7M
Accrued expenses and other current liabilities
$57.4M
($35.5M)
($62.4M)
$5.7M
Other long-term liabilities
($36.9M)
($17.8M)
($57.0M)
($40.7M)
Net cash provided by operating activities
$698.8M
$239.1M
$1.2B
$786.6M
Payments for acquisition of property, plant and equipment
($56.2M)
($21.9M)
($272.1M)
($225.8M)
Proceeds from sale of property, plant and equipment
$8.6M
$1.0M
$6.8M
$6.7M
Purchase of short-term investments
($650.0M)
($300.0M)
($800.0M)
($550.0M)
Proceeds from the maturity of short-term investments
$700.0M
$300.0M
$700.0M
$550.0M
Payments for acquisition of a business, net of cash acquired
($13.0M)
$0
($117.5M)
($117.5M)
Other
$1.2M
$4.2M
($5.0M)
$0
Net cash used in investing activities
($9.4M)
($16.7M)
($487.8M)
($336.6M)
Proceeds for the issuance of common stock under the ESPP
12.0M
6.7M
16.6M
10.6M
Payment of tax withholding for RSUs
($45.5M)
($26.9M)
($27.5M)
($25.1M)
Repurchase of common stock
($690.5M)
($345.7M)
($927.4M)
($602.4M)
Issuance and borrowings under debt agreements
$1.5B
—
—
—
Reimbursement of debt issuance and other financing costs
$3.4M
—
—
—
Payment of debt issuance and other financing costs
($4.2M)
—
—
—
Payment for purchase of bond hedges
($351.6M)
—
—
—
Proceeds from issuance of warrants
$281.0M
—
—
—
Payment of financing lease obligations
($200.0K)
($100.0K)
($1.2M)
($800.0K)
Net cash provided by (used in) financing activities
$678.1M
($366.0M)
($939.9M)
($617.7M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
($600.0K)
($300.0K)
$3.0M
$3.9M
Net increase (decrease) in cash, cash equivalents and restricted cash
$1.4B
($143.9M)
($219.4M)
($163.8M)
Cash, cash equivalents and restricted cash, beginning of period
$2.1B
$2.1B
$2.7B
$2.7B
Cash, cash equivalents and restricted cash, end of period