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ON

ON Semiconductor Corporation

ONTechnologyNASDAQ

Semiconductors

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Financials · Annual
Revenue
$6.00B
-15.3% YoY
Net Income
$121.0M
-92.3% YoY
EBITDA
$888.2M
-65.1% YoY
Free Cash Flow
$1.28B

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About ON Semiconductor Corporation

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. At a $46.90B market cap, ON Semiconductor Corporation ranks as a large-cap company within technology. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group.

Key stats
Market Cap$46.90B
P/E (TTM)89.35
Fwd P/E28.37
EPS$1.36
Beta1.94
52W Change+183.5%
ROE7.5%
Analysis

On the balance sheet, ON has $2.40B in cash with $3.25B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $1.28B in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 7.5% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 6.8% suggests reasonable efficiency in deploying the company's asset base. Revenue has pulled back from $8.33B (2022) to $6.00B (2025), a 28% decline worth watching.

A beta of 1.94 means ON is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. At over 50x earnings, ON carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. No single metric tells the full story. Reviewing ON's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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