On Semiconductor (ON) Operating Expenses (2009 - 2026)
On Semiconductor (ON) recorded quarterly Operating Expenses of $636.5 million in Q2 2026, up 81.39% quarter-over-quarter from $350.9 million in Q4 2025, and down 26.63% on a YoY basis from $867.5 million in Q2 2025.
On Semiconductor (ON) Operating Expenses (2009 - 2026) Analysis & Trends
On Semiconductor's Operating Expenses history runs 18 years deep, the most recent figure standing at $636.5 million for 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 was $636.5 million for Q2 2026 at On Semiconductor, up from $350.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $867.5 million in Q2 2025 to a low of $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.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses slumped 45.77% in 2023, then soared 164.16% in 2025.
- A 5-year view of Operating Expenses shows it stood at $316.2 million in 2022, then gained by 4.3% to $329.8 million in 2023, then grew by 12.34% to $370.5 million in 2024, then decreased by 5.29% to $350.9 million in 2025, then soared by 81.39% to $636.5 million in 2026.
- The last three Operating Expenses figures came in at $636.5 million (Q2 2026), $350.9 million (Q4 2025), and $322.8 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,119.49 Bn | 5,076.01 Bn | 61.16 Bn | 7.62 Bn |
| 2 | Broadcom | 1,946.04 Bn | 1,926.41 Bn | 15.42 Bn | 4.63 Bn |
| 3 | Micron Technology | 1,288.71 Bn | 1,274.12 Bn | 17.76 Bn | 1.59 Bn |
| 4 | Taiwan Semiconductor Manufacturing | 1,080.21 Bn | 983.26 Bn | 23.77 Bn | 2.97 Bn |
| 5 | Advanced Micro Devices | 879.94 Bn | 867.59 Bn | 5.42 Bn | 3.94 Bn |
| 6 | Intel | 681.83 Bn | 662.64 Bn | 5.35 Bn | 8.48 Bn |
| 7 | Texas Instruments | 293.38 Bn | 288.27 Bn | 2.80 Bn | 991.00 Mn |
| 8 | Marvell Technology | 274.06 Bn | 270.21 Bn | 1.26 Bn | 921.40 Mn |
| 9 | Qualcomm | 241.64 Bn | 231.84 Bn | 4.16 Bn | 8.29 Bn |
| 10 | On Semiconductor | 47.99 Bn | 45.60 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 |