On Semiconductor (ON) Gross Margin (2009 - 2026)
On Semiconductor (ON) posted Gross Margin of 38.43% for Q3 2026, little changed on a QoQ basis from 38.53% in Q2 2026, and up 86.0% year-over-year from 20.66% in Q3 2025.
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On Semiconductor (ON) Gross Margin (2009 - 2026) Analysis & Trends
On Semiconductor has reported Gross Margin for 18 years, with the latest figure at 38.43% in Q3 2026.
- On a quarterly basis, Gross Margin rose 86.0% year-over-year to 38.43% in Q3 2026; TTM through Jul 2026 was 37.72%, a 17.0% decrease from a year earlier, with the FY2025 full-year figure at 33.09%, down 1232.0% from the prior year.
- Gross Margin was 38.43% for Q3 2026 at On Semiconductor, roughly flat from 38.53% in the prior quarter.
- The five-year high for Gross Margin was 49.74% in Q3 2022, with the low at 20.32% in Q2 2025.
- Average Gross Margin over 5 years is 43.03%, with a median of 45.6% recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Gross Margin tumbled 2550 bps in 2025, then surged 1821 bps in 2026.
- Over 5 years, Gross Margin stood at 48.51% in 2022, then declined by 4 bps to 46.67% in 2023, then dropped by 3 bps to 45.23% in 2024, then declined by 20 bps to 36.01% in 2025, then rose by 7 bps to 38.43% in 2026.
- The last three Gross Margin figures came in at 38.43% (Q3 2026), 38.53% (Q2 2026), and 36.01% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 2,246.74 Bn | 2,142.69 Bn | 27.22 Bn | 67.72% |
| 2 | Micron Technology | 1,101.07 Bn | 1,075.05 Bn | 35.06 Bn | 84.56% |
| 3 | Intel | 519.13 Bn | 505.00 Bn | 6.51 Bn | 40.36% |
| 4 | Texas Instruments | 245.39 Bn | 238.39 Bn | 3.35 Bn | 61.36% |
| 5 | Analog Devices | 183.54 Bn | 181.22 Bn | 2.71 Bn | 67.32% |
| 6 | NXP Semiconductors | 59.67 Bn | 56.81 Bn | 2.00 Bn | 57.27% |
| 7 | United Microelectronics | 57.00 Bn | 53.04 Bn | 706.26 Mn | 32.48% |
| 8 | STMicroelectronics | 45.78 Bn | 41.92 Bn | 1.22 Bn | 34.90% |
| 9 | Microchip Technology | 40.29 Bn | 40.02 Bn | 938.90 Mn | 63.24% |
| 10 | On Semiconductor | 29.64 Bn | 25.80 Bn | 616.30 Mn | 38.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 38.43% |
| Apr 3, 2026 | 38.53% |
| Dec 31, 2025 | 36.01% |
| Oct 3, 2025 | 37.86% |
| Jul 4, 2025 | 37.58% |
| Apr 4, 2025 | 20.32% |
| Dec 31, 2024 | 45.23% |
| Sep 27, 2024 | 45.37% |
| Jun 28, 2024 | 45.18% |
| Mar 29, 2024 | 45.83% |
| Dec 31, 2023 | 46.67% |
| Sep 29, 2023 | 47.26% |
| Jun 30, 2023 | 47.43% |
| Mar 31, 2023 | 46.82% |
| Dec 31, 2022 | 48.51% |
| Sep 30, 2022 | 48.27% |
| Jul 1, 2022 | 49.74% |
| Apr 1, 2022 | 49.42% |
| Dec 31, 2021 | 45.08% |
| Oct 1, 2021 | 41.38% |