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% on a QoQ basis 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 came in at 38.53% for Q2 2026 at On Semiconductor, up from 36.01% 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 43.3%, with a median of 45.83% recorded in 2024.
  • Across the five-year window, Gross Margin sank 2550 bps in 2025 and jumped 1821 bps in 2026, its largest moves.
  • Year by year, Gross Margin stood at 48.51% in 2022, then decreased by 4 bps to 46.67% in 2023, then fell by 3 bps to 45.23% in 2024, then retreated by 20 bps to 36.01% in 2025, then advanced by 7 bps to 38.53% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 38.53%, 36.01%, and 37.86% for Q2 2026, Q4 2025, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Nvidia 4,798.43 Bn 4,754.95 Bn 61.16 Bn 74.93%
2 Micron Technology 1,164.41 Bn 1,138.39 Bn 35.06 Bn 84.56%
3 Advanced Micro Devices 882.18 Bn 869.83 Bn 5.42 Bn 52.82%
4 Intel 645.64 Bn 626.45 Bn 5.35 Bn 39.38%
5 Aeluma 370.26 Bn 370.22 Bn 386,000.00 31.59%
6 Arm Holdings 358.73 Bn 355.13 Bn 1.46 Bn 97.85%
7 Texas Instruments 271.25 Bn 266.15 Bn 2.80 Bn 58.01%
8 Marvell Technology 239.95 Bn 236.10 Bn 1.26 Bn 52.15%
9 Qualcomm 193.93 Bn 184.13 Bn 4.16 Bn 45.92%
10 On Semiconductor 37.29 Bn 34.91 Bn 583.10 Mn 38.53%

Historic Data

Download Data
DateValue
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%
Jul 2, 2021 38.33%