On Semiconductor (ON) Free Cash Flow (2009 - 2026)
On Semiconductor (ON) recorded Free Cash Flow of $425.4 million in Q2 2026, up 300.9% from $106.1 million a year earlier and up 95.9% from the prior quarter.
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Analysis
On Semiconductor (ON) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, On Semiconductor's Free Cash Flow came in at $1.5 billion as of Jul 3, 2026, up 16.6% year-over-year; for FY2025, it came in at $1.42 billion, up 17.0% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 23.2% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $1.21 billion in FY2024 (+176.6%), $438.4 million in FY2023 (-72.6%), $1.6 billion in FY2022 (+19.4%) and $1.34 billion in FY2021 (+167.1%).
- Quarterly Free Cash Flow has ranged from -$39.8 million in Q2 2023 to $731.3 million in Q3 2022 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in six of the last eight quarters, with growth averaging 62.2%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 300.9% in Q2 2026, against a decline of 81.7% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $217.2 million (Q1 2026), $485.4 million (Q4 2025) and $372.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,257.94 Bn | 5,032.10 Bn | 72.14 Bn | 21.40 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,182.39 Bn | 1,807.25 Bn | 27.22 Bn | 24.78 Bn |
| 3 | Broadcom | 1,596.71 Bn | 1,522.75 Bn | 20.46 Bn | 13.67 Bn |
| 4 | Micron Technology | 1,020.41 Bn | 926.05 Bn | 47.05 Bn | 32.86 Bn |
| 5 | Advanced Micro Devices | 879.62 Bn | 836.36 Bn | 6.20 Bn | 1.56 Bn |
| 6 | Asml Holding | 640.55 Bn | 596.23 Bn | 5.90 Bn | - |
| 7 | Intel | 470.49 Bn | 339.62 Bn | 6.51 Bn | 4.45 Bn |
| 8 | Lam Research | 342.11 Bn | 318.91 Bn | 3.48 Bn | 1.27 Bn |
| 9 | Applied Materials | 328.25 Bn | 293.69 Bn | 4.59 Bn | 2.33 Bn |
| 10 | On Semiconductor | 28.62 Bn | 16.93 Bn | 616.30 Mn | 425.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 425.40 Mn |
| Apr 3, 2026 | 217.20 Mn |
| Dec 31, 2025 | 485.40 Mn |
| Oct 3, 2025 | 372.40 Mn |
| Jul 4, 2025 | 106.10 Mn |
| Apr 4, 2025 | 454.70 Mn |
| Dec 31, 2024 | 422.40 Mn |
| Sep 27, 2024 | 304.10 Mn |
| Jun 28, 2024 | 221.10 Mn |
| Mar 29, 2024 | 264.80 Mn |
| Dec 31, 2023 | 257.20 Mn |
| Sep 29, 2023 | 133.60 Mn |
| Jun 30, 2023 | -39.80 Mn |
| Mar 31, 2023 | 87.40 Mn |
| Dec 31, 2022 | 355.90 Mn |
| Sep 30, 2022 | 731.30 Mn |
| Jul 1, 2022 | 202.70 Mn |
| Apr 1, 2022 | 304.80 Mn |
| Dec 31, 2021 | 57.60 Mn |
| Oct 1, 2021 | 355.70 Mn |
API Access
On Semiconductor Free Cash Flow 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=free-cash-flow&ticker=ON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=ON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();