On Semiconductor (ON) Research & Development (2009 - 2026)
On Semiconductor (ON) posted Research & Development of $140.8 million for Q2 2026, down 2.1% from $143.8 million a year earlier and down 2.4% from the prior quarter.
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Analysis
On Semiconductor (ON) Research & Development (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jul 3, 2026, Research & Development at On Semiconductor was $560.8 million, down 8.7% year-over-year; for FY2025, it was $583.6 million, down 4.7% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of -1.9% (FY2020 to FY2025).
- In prior years, On Semiconductor's Research & Development was $612.7 million in FY2024 (+6.1%), $577.3 million in FY2023 (-3.8%), $600.2 million in FY2022 (-8.4%) and $655 million in FY2021 (+1.9%).
- Quarterly Research & Development has run from a low of $133.8 million in Q4 2025 to a high of $164.1 million in Q1 2025 over five years.
- On a year-over-year basis, Research & Development has declined in each of the last five quarters, with an average decline of 3.0% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2023, with growth of 10.1%; the weakest was Q4 2022, with a decline of 15.1%.
- According to Business Quant data, Research & Development for the three prior quarters was $144.3 million (Q1 2026), $133.8 million (Q4 2025) and $141.9 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,257.94 Bn | 5,032.10 Bn | 72.14 Bn | 7.05 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,182.39 Bn | 1,807.25 Bn | 27.22 Bn | 2.31 Bn |
| 3 | Broadcom | 1,596.71 Bn | 1,522.75 Bn | 20.46 Bn | 2.90 Bn |
| 4 | Micron Technology | 1,020.41 Bn | 926.05 Bn | 47.05 Bn | 1.91 Bn |
| 5 | Advanced Micro Devices | 879.62 Bn | 836.36 Bn | 6.20 Bn | 2.53 Bn |
| 6 | Asml Holding | 640.55 Bn | 596.23 Bn | 5.90 Bn | - |
| 7 | Intel | 470.49 Bn | 339.62 Bn | 6.51 Bn | 3.37 Bn |
| 8 | Lam Research | 342.11 Bn | 318.91 Bn | 3.48 Bn | 642.92 Mn |
| 9 | Applied Materials | 328.25 Bn | 293.69 Bn | 4.59 Bn | 1.10 Bn |
| 10 | On Semiconductor | 28.62 Bn | 16.93 Bn | 616.30 Mn | 140.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 140.80 Mn |
| Apr 3, 2026 | 144.30 Mn |
| Dec 31, 2025 | 133.80 Mn |
| Oct 3, 2025 | 141.90 Mn |
| Jul 4, 2025 | 143.80 Mn |
| Apr 4, 2025 | 164.10 Mn |
| Dec 31, 2024 | 155.20 Mn |
| Sep 27, 2024 | 151.00 Mn |
| Jun 28, 2024 | 156.50 Mn |
| Mar 29, 2024 | 150.00 Mn |
| Dec 31, 2023 | 150.20 Mn |
| Sep 29, 2023 | 143.40 Mn |
| Jun 30, 2023 | 145.30 Mn |
| Mar 31, 2023 | 138.40 Mn |
| Dec 31, 2022 | 136.40 Mn |
| Sep 30, 2022 | 145.40 Mn |
| Jul 1, 2022 | 161.60 Mn |
| Apr 1, 2022 | 156.80 Mn |
| Dec 31, 2021 | 160.60 Mn |
| Oct 1, 2021 | 154.50 Mn |
API Access
On Semiconductor Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();