On Semiconductor (ON) Operating Expenses (2009 - 2026)
On Semiconductor (ON) posted Operating Expenses of $357.7 million for Q3 2026, down 43.8% on a QoQ basis from $636.5 million in Q2 2026, and little changed year-over-year from $358.5 million in Q3 2025.
Analysis
On Semiconductor (ON) Operating Expenses (2009 - 2026) Analysis & Trends
On Semiconductor has reported Operating Expenses for 18 years, with the latest figure at $357.7 million in Q3 2026.
- On a quarterly basis, Operating Expenses changed 0.22% year-over-year to $357.7 million in Q3 2026; TTM through Jul 2026 was $1.7 billion, a 14.49% decrease from a year earlier, with the FY2025 full-year figure at $1.9 billion, up 31.16% from the prior year.
- Operating Expenses was $357.7 million for Q3 2026 at On Semiconductor, down from $636.5 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 $411.4 million, with a median of $353.3 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses sank 45.77% in 2023, then jumped 164.16% in 2025.
- Over 5 years, Operating Expenses stood at $316.2 million in 2022, then advanced by 4.3% to $329.8 million in 2023, then increased by 12.34% to $370.5 million in 2024, then slipped by 5.29% to $350.9 million in 2025, then grew by 1.94% to $357.7 million in 2026.
- The last three Operating Expenses figures came in at $357.7 million (Q3 2026), $636.5 million (Q2 2026), and $350.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 2,246.74 Bn | 2,142.69 Bn | 27.22 Bn | 3.13 Bn |
| 2 | Micron Technology | 1,101.07 Bn | 1,075.05 Bn | 35.06 Bn | 1.72 Bn |
| 3 | Intel | 519.13 Bn | 505.00 Bn | 6.51 Bn | 4.71 Bn |
| 4 | Texas Instruments | 245.39 Bn | 238.39 Bn | 3.35 Bn | 1.04 Bn |
| 5 | Analog Devices | 183.54 Bn | 181.22 Bn | 2.71 Bn | 1.09 Bn |
| 6 | NXP Semiconductors | 59.67 Bn | 56.81 Bn | 2.00 Bn | 926.00 Mn |
| 7 | United Microelectronics | 57.00 Bn | 53.04 Bn | 706.26 Mn | -226.94 Mn |
| 8 | STMicroelectronics | 45.78 Bn | 41.92 Bn | 1.22 Bn | -1.03 Bn |
| 9 | Microchip Technology | 40.29 Bn | 40.02 Bn | 938.90 Mn | 602.10 Mn |
| 10 | On Semiconductor | 29.64 Bn | 25.80 Bn | 616.30 Mn | 357.70 Mn |
Historic Data
Download Data
Historic 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 |