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
DateValue
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