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% on a QoQ basis 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 came in at $636.5 million for Q2 2026 at On Semiconductor, up from $350.9 million in the prior quarter.
- The five-year high for Operating Expenses was $867.5 million in Q2 2025, with the low at $314.1 million in Q2 2022.
- Average Operating Expenses over 5 years is $414.5 million, with a median of $352.6 million recorded in 2023.
- Across the five-year window, Operating Expenses tumbled 45.77% in 2023 and soared 164.16% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $316.2 million in 2022, then grew by 4.3% to $329.8 million in 2023, then gained by 12.34% to $370.5 million in 2024, then declined by 5.29% to $350.9 million in 2025, then soared by 81.39% to $636.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $636.5 million, $350.9 million, and $322.8 million for Q2 2026, Q4 2025, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 4,798.43 Bn | 4,754.95 Bn | 61.16 Bn | 7.62 Bn |
| 2 | Micron Technology | 1,164.41 Bn | 1,138.39 Bn | 35.06 Bn | 1.72 Bn |
| 3 | Advanced Micro Devices | 882.18 Bn | 869.83 Bn | 5.42 Bn | 3.94 Bn |
| 4 | Intel | 645.64 Bn | 626.45 Bn | 5.35 Bn | 8.48 Bn |
| 5 | Aeluma | 370.26 Bn | 370.22 Bn | 386,000.00 | 2.13 Mn |
| 6 | Arm Holdings | 358.73 Bn | 355.13 Bn | 1.46 Bn | -1.02 Bn |
| 7 | Texas Instruments | 271.25 Bn | 266.15 Bn | 2.80 Bn | 991.00 Mn |
| 8 | Marvell Technology | 239.95 Bn | 236.10 Bn | 1.26 Bn | 921.40 Mn |
| 9 | Qualcomm | 193.93 Bn | 184.13 Bn | 4.16 Bn | 8.29 Bn |
| 10 | On Semiconductor | 37.29 Bn | 34.91 Bn | 583.10 Mn | 636.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 2, 2021 | 357.90 Mn |