On Semiconductor (ON) Gross Margin (2009 - 2026)
On Semiconductor (ON) posted Gross Margin of 38.43% for Q2 2026, up 0.86 percentage points from 37.58% a year earlier but down 0.10 percentage points from the prior quarter.
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Analysis
On Semiconductor (ON) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jul 3, 2026, Gross Margin at On Semiconductor was 37.72%, down 0.17 percentage points year-over-year; for FY2025, it was 33.09%, down 12.32 percentage points from FY2024.
- Annual Gross Margin has declined for three consecutive years, though with a five-year change of +0.44 percentage points (FY2020 to FY2025).
- In prior years, On Semiconductor's Gross Margin was 45.41% in FY2024 (-1.65 pp), 47.06% in FY2023 (-1.91 pp), 48.97% in FY2022 (+8.70 pp) and 40.27% in FY2021 (+7.62 pp).
- Quarterly Gross Margin has run from a low of 20.32% in Q1 2025 to a high of 49.74% in Q2 2022 over five years.
- On a year-over-year basis, Gross Margin increased in two of the last eight quarters, with an average year-over-year change of -4.26 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q1 2026, with a gain of 18.21 percentage points; the weakest was Q1 2025, with a drop of 25.50 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 38.53% (Q1 2026), 36.01% (Q4 2025) and 37.86% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,257.94 Bn | 5,032.10 Bn | 72.14 Bn | 74.98% |
| 2 | Taiwan Semiconductor Manufacturing | 2,182.39 Bn | 1,807.25 Bn | 27.22 Bn | 67.72% |
| 3 | Broadcom | 1,596.71 Bn | 1,522.75 Bn | 20.46 Bn | 69.13% |
| 4 | Micron Technology | 1,020.41 Bn | 926.05 Bn | 47.05 Bn | 86.76% |
| 5 | Advanced Micro Devices | 879.62 Bn | 836.36 Bn | 6.20 Bn | 53.77% |
| 6 | Asml Holding | 640.55 Bn | 596.23 Bn | 5.90 Bn | 51.98% |
| 7 | Intel | 470.49 Bn | 339.62 Bn | 6.51 Bn | 40.36% |
| 8 | Lam Research | 342.11 Bn | 318.91 Bn | 3.48 Bn | 51.75% |
| 9 | Applied Materials | 328.25 Bn | 293.69 Bn | 4.59 Bn | 50.31% |
| 10 | On Semiconductor | 28.62 Bn | 16.93 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% |
API Access
On Semiconductor Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();