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
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