On Semiconductor (ON) Invested Capital (2009 - 2026)
On Semiconductor's Invested Capital came in at $11.7 billion for Q2 2026, up 3.4% from $11.31 billion a year earlier and up 13.5% from the prior quarter.
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Analysis
On Semiconductor (ON) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, On Semiconductor's Invested Capital was $10.67 billion, down 12.2% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 8.6% (FY2020 to FY2025).
- Going back by year, Invested Capital was $12.16 billion in FY2024 (+9.2%), $11.14 billion in FY2023 (+18.5%), $9.4 billion in FY2022 (+22.4%) and $7.68 billion in FY2021 (+8.9%).
- The Q2 2026 figure represents the highest quarterly Invested Capital since Q4 2024.
- Year-over-year, Invested Capital increased in three of the last eight quarters, with an average decline of 1.2%.
- The fastest year-over-year change in Invested Capital over five years came in Q2 2022 (growth of 24.7%), and the weakest in Q4 2025 (a decline of 12.2%).
- Business Quant data shows ON's Invested Capital at $10.3 billion (Q1 2026), $10.67 billion (Q4 2025) and $11.28 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,257.94 Bn | 5,032.10 Bn | 72.14 Bn | 262.35 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,182.39 Bn | 1,807.25 Bn | 27.22 Bn | 208.66 Bn |
| 3 | Broadcom | 1,596.71 Bn | 1,522.75 Bn | 20.46 Bn | 159.11 Bn |
| 4 | Micron Technology | 1,020.41 Bn | 926.05 Bn | 47.05 Bn | 143.56 Bn |
| 5 | Advanced Micro Devices | 879.62 Bn | 836.36 Bn | 6.20 Bn | 70.45 Bn |
| 6 | Asml Holding | 640.55 Bn | 596.23 Bn | 5.90 Bn | 28.20 Bn |
| 7 | Intel | 470.49 Bn | 339.62 Bn | 6.51 Bn | 153.68 Bn |
| 8 | Lam Research | 342.11 Bn | 318.91 Bn | 3.48 Bn | 16.21 Bn |
| 9 | Applied Materials | 328.25 Bn | 293.69 Bn | 4.59 Bn | 32.17 Bn |
| 10 | On Semiconductor | 28.62 Bn | 16.93 Bn | 616.30 Mn | 11.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 11.70 Bn |
| Apr 3, 2026 | 10.30 Bn |
| Dec 31, 2025 | 10.67 Bn |
| Oct 3, 2025 | 11.28 Bn |
| Jul 4, 2025 | 11.31 Bn |
| Apr 4, 2025 | 11.40 Bn |
| Dec 31, 2024 | 12.16 Bn |
| Sep 27, 2024 | 11.95 Bn |
| Jun 28, 2024 | 11.70 Bn |
| Mar 29, 2024 | 11.48 Bn |
| Dec 31, 2023 | 11.14 Bn |
| Sep 29, 2023 | 10.96 Bn |
| Jun 30, 2023 | 10.46 Bn |
| Mar 31, 2023 | 9.93 Bn |
| Dec 31, 2022 | 9.40 Bn |
| Sep 30, 2022 | 8.89 Bn |
| Jul 1, 2022 | 8.62 Bn |
| Apr 1, 2022 | 8.22 Bn |
| Dec 31, 2021 | 7.68 Bn |
| Oct 1, 2021 | 7.26 Bn |
API Access
On Semiconductor Invested Capital 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=invested-capital&ticker=ON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();