On Semiconductor (ON) Operating Margin (2009 - 2026)
On Semiconductor (ON) recorded quarterly Operating Margin of 3.53% in Q2 2026, down 126.98% quarter-over-quarter from 13.08% in Q4 2025, and up 3615.0% on a YoY basis from 0.09% in Q2 2025.
On Semiconductor (ON) Operating Margin (2009 - 2026) Analysis & Trends
On Semiconductor's Operating Margin history runs 18 years deep, the most recent figure standing at 3.53% for Q2 2026.
- In Q2 2026, Operating Margin rose 3615.0% year-over-year to 3.53%; the TTM figure through Apr 2026 stood at 9.97% (down 6.0% YoY), while the FY2025 annual figure was 1.4%, down 2355.0% from the prior year.
- Operating Margin was 3.53% for Q2 2026 at On Semiconductor, down from 13.08% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 33.48% in Q4 2022 to a low of 39.68% in Q2 2025.
- Historically, Operating Margin has averaged 19.8% across 5 years, with a median of 25.28% in 2024.
- The sharpest annual moves came in 2025 and 2026: Operating Margin sank 6788 bps in 2025, then jumped 3615 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 33.48% in 2022, then slipped by 9 bps to 30.33% in 2023, then retreated by 22 bps to 23.72% in 2024, then plunged by 45 bps to 13.08% in 2025, then sank by 127 bps to 3.53% in 2026.
- The last three Operating Margin figures came in at 3.53% (Q2 2026), 13.08% (Q4 2025), and 17.05% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,119.49 Bn | 5,076.01 Bn | 61.16 Bn | 65.60% |
| 2 | Broadcom | 1,946.04 Bn | 1,926.41 Bn | 15.42 Bn | 48.62% |
| 3 | Micron Technology | 1,288.71 Bn | 1,274.12 Bn | 17.76 Bn | 67.62% |
| 4 | Taiwan Semiconductor Manufacturing | 1,080.21 Bn | 983.26 Bn | 23.77 Bn | 58.10% |
| 5 | Advanced Micro Devices | 879.94 Bn | 867.59 Bn | 5.42 Bn | 14.40% |
| 6 | Intel | 681.83 Bn | 662.64 Bn | 5.35 Bn | -23.10% |
| 7 | Texas Instruments | 293.38 Bn | 288.27 Bn | 2.80 Bn | 37.47% |
| 8 | Marvell Technology | 274.06 Bn | 270.21 Bn | 1.26 Bn | 14.04% |
| 9 | Qualcomm | 241.64 Bn | 231.84 Bn | 4.16 Bn | 25.49% |
| 10 | On Semiconductor | 47.99 Bn | 45.60 Bn | 583.10 Mn | -3.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 3, 2026 | -3.53% |
| Dec 31, 2025 | 13.08% |
| Oct 3, 2025 | 17.05% |
| Jul 4, 2025 | 13.17% |
| Apr 4, 2025 | -39.68% |
| Dec 31, 2024 | 23.72% |
| Sep 27, 2024 | 25.28% |
| Jun 28, 2024 | 22.39% |
| Mar 29, 2024 | 28.20% |
| Dec 31, 2023 | 30.33% |
| Sep 29, 2023 | 31.50% |
| Jun 30, 2023 | 32.21% |
| Mar 31, 2023 | 28.83% |
| Dec 31, 2022 | 33.48% |
| Sep 30, 2022 | 19.36% |
| Jul 1, 2022 | 28.01% |
| Apr 1, 2022 | 33.28% |
| Dec 31, 2021 | 26.02% |
| Oct 1, 2021 | 22.91% |
| Jul 2, 2021 | 16.90% |