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| Date | Value |
|---|---|
| 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 |