On Semiconductor ON
NASDAQ ON
$74.21 -0.50 (-0.67%)
At close: Aug 21, 2026 · 4:00 PM EDT

On Semiconductor (ON) Operating Expenses (2009 - 2026)

On Semiconductor (ON) posted quarterly Operating Expenses of $636.5 million for Q2 2026, down 26.63% year-over-year from $867.5 million in Q2 2025, and up 81.39% quarter-over-quarter from $350.9 million in Q4 2025.

On Semiconductor (ON) Operating Expenses (2009 - 2026) Analysis & Trends

On Semiconductor (ON) has reported Operating Expenses for 18 consecutive years, with $636.5 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Operating Expenses fell 26.63% year-over-year to $636.5 million; the TTM figure through Apr 2026 stood at $1.7 billion (down 16.04% YoY), while the FY2025 annual figure was $1.9 billion, up 31.16% from the prior year.
  • Operating Expenses rose to $636.5 million in Q2 2026 per ON's latest filing, from $350.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $867.5 million in Q2 2025 and bottomed at $314.1 million in Q2 2022.
  • Historically, Operating Expenses has averaged $414.5 million across 5 years, with a median of $352.6 million in 2023.
  • Annual changes were most pronounced in 2023 — Operating Expenses sank 45.77% — and 2025, when it surged 164.16%.
  • On Semiconductor's Operating Expenses stood at $316.2 million in 2022, then rose by 4.3% to $329.8 million in 2023, then climbed by 12.34% to $370.5 million in 2024, then retreated by 5.29% to $350.9 million in 2025, then surged by 81.39% to $636.5 million in 2026.
  • Business Quant data shows ON's Operating Expenses at $636.5 million in Q2 2026, $350.9 million in Q4 2025, and $322.8 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Taiwan Semiconductor Manufacturing 10,848.43 Bn 10,750.17 Bn 23.77 Bn 2.97 Bn
2 Nvidia 5,220.28 Bn 5,169.94 Bn 61.16 Bn 7.62 Bn
3 Broadcom 1,746.09 Bn 1,726.46 Bn 15.42 Bn 4.63 Bn
4 Micron Technology 1,092.82 Bn 1,066.80 Bn 35.06 Bn 1.72 Bn
5 Advanced Micro Devices 773.31 Bn 760.20 Bn 6.20 Bn 4.21 Bn
6 Intel 459.59 Bn 429.86 Bn 6.51 Bn 4.71 Bn
7 Arm Holdings 259.13 Bn 255.24 Bn 1.25 Bn -1.16 Bn
8 Texas Instruments 241.28 Bn 234.28 Bn 3.35 Bn 1.04 Bn
9 Marvell Technology 209.48 Bn 205.64 Bn 1.26 Bn 921.40 Mn
10 On Semiconductor 28.90 Bn 25.03 Bn 616.30 Mn 357.70 Mn

Historic Data

Download Data
DateValue
Jul 3, 2026 357.70 Mn
Apr 3, 2026 636.50 Mn
Dec 31, 2025 350.90 Mn
Oct 3, 2025 322.80 Mn
Jul 4, 2025 358.50 Mn
Apr 4, 2025 867.50 Mn
Dec 31, 2024 370.50 Mn
Sep 27, 2024 354.00 Mn
Jun 28, 2024 395.50 Mn
Mar 29, 2024 328.40 Mn
Dec 31, 2023 329.80 Mn
Sep 29, 2023 343.70 Mn
Jun 30, 2023 318.70 Mn
Mar 31, 2023 352.60 Mn
Dec 31, 2022 316.20 Mn
Sep 30, 2022 633.80 Mn
Jul 1, 2022 453.10 Mn
Apr 1, 2022 314.10 Mn
Dec 31, 2021 351.90 Mn
Oct 1, 2021 321.60 Mn