On Semiconductor ON
NASDAQ ON
$74.21 -0.50 (-0.67%)
At close: Aug 21, 2026 · 4:00 PM EDT

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
DateValue
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