On Semiconductor (ON) Free Cash Flow (2009 - 2026)
On Semiconductor (ON) recorded quarterly Free Cash Flow of $217.2 million in Q2 2026, down 55.25% quarter-over-quarter from $485.4 million in Q4 2025, and down 52.23% on a YoY basis from $454.7 million in Q2 2025.
On Semiconductor (ON) Free Cash Flow (2009 - 2026) Analysis & Trends
On Semiconductor's Free Cash Flow history runs 18 years deep, the most recent figure standing at $217.2 million for 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 was $217.2 million for Q2 2026 at On Semiconductor, down from $485.4 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $731.3 million in Q3 2022 to a low of -$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.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow slumped 119.63% in 2023, then surged 655.53% in 2024.
- A 5-year view of Free Cash Flow shows it stood at $358.3 million in 2022, then dropped by 28.22% to $257.2 million in 2023, then jumped by 64.23% to $422.4 million in 2024, then climbed by 14.91% to $485.4 million in 2025, then tumbled by 55.25% to $217.2 million in 2026.
- The last three Free Cash Flow figures came in at $217.2 million (Q2 2026), $485.4 million (Q4 2025), and $372.4 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,119.49 Bn | 5,076.01 Bn | 61.16 Bn | 48.59 Bn |
| 2 | Broadcom | 1,946.04 Bn | 1,926.41 Bn | 15.42 Bn | 10.26 Bn |
| 3 | Micron Technology | 1,288.71 Bn | 1,274.12 Bn | 17.76 Bn | 5.52 Bn |
| 4 | Taiwan Semiconductor Manufacturing | 1,080.21 Bn | 983.26 Bn | 23.77 Bn | - |
| 5 | Advanced Micro Devices | 879.94 Bn | 867.59 Bn | 5.42 Bn | 2.63 Bn |
| 6 | Intel | 681.83 Bn | 662.64 Bn | 5.35 Bn | -853.00 Mn |
| 7 | Texas Instruments | 293.38 Bn | 288.27 Bn | 2.80 Bn | 844.00 Mn |
| 8 | Marvell Technology | 274.06 Bn | 270.21 Bn | 1.26 Bn | 483.10 Mn |
| 9 | Qualcomm | 241.64 Bn | 231.84 Bn | 4.16 Bn | 1.92 Bn |
| 10 | On Semiconductor | 47.99 Bn | 45.60 Bn | 583.10 Mn | 217.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 257.20 Mn |
| Dec 31, 2023 | 257.20 Mn |