On Semiconductor (ON) Gross Margin (2009 - 2026)
On Semiconductor (ON) posted quarterly Gross Margin of 38.53% for Q2 2026, up 1821.0% year-over-year from 2.01% in Q2 2025, and up 7.0% quarter-over-quarter from 36.01% in Q4 2025.
On Semiconductor (ON) Gross Margin (2009 - 2026) Analysis & Trends
On Semiconductor (ON) has reported Gross Margin for 18 consecutive years, with 38.53% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 1821.0% year-over-year to 38.53%; the TTM figure through Apr 2026 stood at 37.49% (down 236.0% YoY), while the FY2025 annual figure was 33.09%, down 1232.0% from the prior year.
- Gross Margin rose to 38.53% in Q2 2026 per ON's latest filing, from 36.01% in the prior quarter.
- Across five years, Gross Margin topped out at 49.74% in Q3 2022 and bottomed at 20.32% in Q2 2025.
- Historically, Gross Margin has averaged 43.3% across 5 years, with a median of 45.83% in 2024.
- Annual changes were most pronounced in 2025 — Gross Margin tumbled 2550 bps — and 2026, when it soared 1821 bps.
- On Semiconductor's Gross Margin stood at 48.51% in 2022, then dropped by 4 bps to 46.67% in 2023, then decreased by 3 bps to 45.23% in 2024, then slipped by 20 bps to 36.01% in 2025, then grew by 7 bps to 38.53% in 2026.
- Business Quant data shows ON's Gross Margin at 38.53% in Q2 2026, 36.01% in Q4 2025, and 37.86% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 10,848.43 Bn | 10,750.17 Bn | 23.77 Bn | 66.25% |
| 2 | Nvidia | 5,220.28 Bn | 5,169.94 Bn | 61.16 Bn | 74.93% |
| 3 | Broadcom | 1,746.09 Bn | 1,726.46 Bn | 15.42 Bn | 69.48% |
| 4 | Micron Technology | 1,092.82 Bn | 1,066.80 Bn | 35.06 Bn | 84.56% |
| 5 | Advanced Micro Devices | 773.31 Bn | 760.20 Bn | 6.20 Bn | 53.77% |
| 6 | Intel | 459.59 Bn | 429.86 Bn | 6.51 Bn | 40.36% |
| 7 | Arm Holdings | 259.13 Bn | 255.24 Bn | 1.25 Bn | 97.21% |
| 8 | Texas Instruments | 241.28 Bn | 234.28 Bn | 3.35 Bn | 61.36% |
| 9 | Marvell Technology | 209.48 Bn | 205.64 Bn | 1.26 Bn | 52.15% |
| 10 | On Semiconductor | 28.90 Bn | 25.03 Bn | 616.30 Mn | 38.43% |
Historic Data
Download 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% |