ON Semiconductor Corp (ON) FinancialsONON Semiconductor Corp

ON Semiconductor Corp (ON) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Distributors, accounting for 59.0% of total sales, equivalent to $946.70M. Another important revenue stream is Direct Customers. Understanding this composition is critical for investors evaluating how ON navigates market cycles within the Semiconductors industry.

Evaluating the bottom line, ON Semiconductor Corp maintains a gross margin of 37.78%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 18.70%, while the net margin is 14.19%. These profitability ratios, combined with a Return on Equity (ROE) of 8.31%, provide a clear picture of how effectively ON converts its operational activities into shareholder value.

In the context of the broader market, ON competes directly with industry leaders such as GFS and TSEM. With a market capitalization of $33.05B, it holds a leading position in the sector. When comparing efficiency, ON's gross margin of 37.78% stands against GFS's 28.28% and TSEM's 29.95%. Such benchmarking helps identify whether ON Semiconductor Corp is trading at a premium or discount relative to its financial performance.

The company has shown volatility in earnings, with a net income of $226.8 million in Q2 2026, but a negative net income of $33.4 million in Q1 2026. Gross margins have fluctuated, currently at 37.78% in Q2 2026, down from 44.45% in Q4 2024. Revenue growth is projected at 12%-14% annually through 2030, driven by AI infrastructure.