On Semiconductor (ON) Free Cash Flow (2009 - 2026)
On Semiconductor (ON) posted quarterly Free Cash Flow of $217.2 million for Q2 2026, down 52.23% year-over-year from $454.7 million in Q2 2025, and down 55.25% quarter-over-quarter from $485.4 million in Q4 2025.
On Semiconductor (ON) Free Cash Flow (2009 - 2026) Analysis & Trends
On Semiconductor (ON) has reported Free Cash Flow for 18 consecutive years, with $217.2 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow fell 52.23% year-over-year to $217.2 million; the TTM figure through Apr 2026 stood at $1.2 billion (down 15.77% YoY), while the FY2025 annual figure was $1.4 billion, up 17.01% from the prior year.
- Free Cash Flow slipped to $217.2 million in Q2 2026 per ON's latest filing, from $485.4 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $731.3 million in Q3 2022 and bottomed at -$39.8 million in Q2 2023.
- Historically, Free Cash Flow has averaged $287.3 million across 5 years, with a median of $264.8 million in 2024.
- Annual changes were most pronounced in 2023 — Free Cash Flow sank 119.63% — and 2024, when it jumped 655.53%.
- On Semiconductor's Free Cash Flow stood at $358.3 million in 2022, then slipped by 28.22% to $257.2 million in 2023, then surged by 64.23% to $422.4 million in 2024, then rose by 14.91% to $485.4 million in 2025, then slumped by 55.25% to $217.2 million in 2026.
- Business Quant data shows ON's Free Cash Flow at $217.2 million in Q2 2026, $485.4 million in Q4 2025, and $372.4 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 10,848.43 Bn | 10,750.17 Bn | 23.77 Bn | - |
| 2 | Nvidia | 5,220.28 Bn | 5,169.94 Bn | 61.16 Bn | 48.59 Bn |
| 3 | Broadcom | 1,746.09 Bn | 1,726.46 Bn | 15.42 Bn | 10.26 Bn |
| 4 | Micron Technology | 1,092.82 Bn | 1,066.80 Bn | 35.06 Bn | 17.56 Bn |
| 5 | Advanced Micro Devices | 773.31 Bn | 760.20 Bn | 6.20 Bn | 1.56 Bn |
| 6 | Intel | 459.59 Bn | 429.86 Bn | 6.51 Bn | 4.45 Bn |
| 7 | Arm Holdings | 259.13 Bn | 255.24 Bn | 1.25 Bn | 1.10 Bn |
| 8 | Texas Instruments | 241.28 Bn | 234.28 Bn | 3.35 Bn | 2.19 Bn |
| 9 | Marvell Technology | 209.48 Bn | 205.64 Bn | 1.26 Bn | 483.10 Mn |
| 10 | On Semiconductor | 28.90 Bn | 25.03 Bn | 616.30 Mn | 425.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 425.40 Mn |
| Jul 3, 2026 | 425.40 Mn |
| Apr 3, 2026 | 217.20 Mn |
| Apr 3, 2026 | 217.20 Mn |
| Dec 31, 2025 | 485.40 Mn |
| Dec 31, 2025 | 485.40 Mn |
| Oct 3, 2025 | 372.40 Mn |
| Oct 3, 2025 | 372.40 Mn |
| Jul 4, 2025 | 106.10 Mn |
| Jul 4, 2025 | 106.10 Mn |
| Apr 4, 2025 | 454.70 Mn |
| Apr 4, 2025 | 454.70 Mn |
| Dec 31, 2024 | 422.40 Mn |
| Dec 31, 2024 | 422.40 Mn |
| Sep 27, 2024 | 304.10 Mn |
| Sep 27, 2024 | 304.10 Mn |
| Jun 28, 2024 | 221.10 Mn |
| Jun 28, 2024 | 221.10 Mn |
| Mar 29, 2024 | 264.80 Mn |
| Mar 29, 2024 | 264.80 Mn |