On Semiconductor (ON) Change in Inventory (2009 - 2026)
On Semiconductor (ON) recorded Change in Inventory of -$1.7 million in Q2 2026, compared with $8.9 million a year earlier.
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Analysis
On Semiconductor (ON) Change in Inventory (2009 - 2026) Analysis & Trends
On a TTM basis, On Semiconductor's Change in Inventory came in at -$39.6 million as of Jul 3, 2026; for FY2025, it was -$273.4 million.
- Across earlier years, Change in Inventory came in at $129.6 million in FY2024 (-73.8%), $495.2 million in FY2023 (+110.5%), $235.2 million in FY2022 (+91.5%) and $122.8 million in FY2021 (+366.9%).
- Quarterly Change in Inventory has ranged from -$184.6 million in Q1 2025 to $198.1 million in Q1 2023 over the past five years.
- Peak year-over-year performance for Change in Inventory in the last five years was growth of 871.8% in Q3 2023, against a decline of 88.5% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $59.8 million (Q1 2026), -$58.7 million (Q4 2025) and -$39 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,257.94 Bn | 5,032.10 Bn | 72.14 Bn | 5.78 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,182.39 Bn | 1,807.25 Bn | 27.22 Bn | -2.34 Bn |
| 3 | Broadcom | 1,596.71 Bn | 1,522.75 Bn | 20.46 Bn | 195.00 Mn |
| 4 | Micron Technology | 1,020.41 Bn | 926.05 Bn | 47.05 Bn | 1.81 Bn |
| 5 | Advanced Micro Devices | 879.62 Bn | 836.36 Bn | 6.20 Bn | 423.00 Mn |
| 6 | Asml Holding | 640.55 Bn | 596.23 Bn | 5.90 Bn | - |
| 7 | Intel | 470.49 Bn | 339.62 Bn | 6.51 Bn | 66.00 Mn |
| 8 | Lam Research | 342.11 Bn | 318.91 Bn | 3.48 Bn | - |
| 9 | Applied Materials | 328.25 Bn | 293.69 Bn | 4.59 Bn | 208.00 Mn |
| 10 | On Semiconductor | 28.62 Bn | 16.93 Bn | 616.30 Mn | -1.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | -1.70 Mn |
| Apr 3, 2026 | 59.80 Mn |
| Dec 31, 2025 | -58.70 Mn |
| Oct 3, 2025 | -39.00 Mn |
| Jul 4, 2025 | 8.90 Mn |
| Apr 4, 2025 | -184.60 Mn |
| Dec 31, 2024 | -600,000.00 |
| Sep 27, 2024 | 16.80 Mn |
| Jun 28, 2024 | 77.70 Mn |
| Mar 29, 2024 | 35.70 Mn |
| Dec 31, 2023 | 26.90 Mn |
| Sep 29, 2023 | 120.50 Mn |
| Jun 30, 2023 | 149.70 Mn |
| Mar 31, 2023 | 198.10 Mn |
| Dec 31, 2022 | 38.30 Mn |
| Sep 30, 2022 | 12.40 Mn |
| Jul 1, 2022 | 67.80 Mn |
| Apr 1, 2022 | 116.70 Mn |
| Dec 31, 2021 | 51.30 Mn |
| Oct 1, 2021 | 18.00 Mn |
API Access
On Semiconductor Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=ON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "ON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=ON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();