On Semiconductor (ON) Tax Rate (2009 - 2026)

On Semiconductor (ON) posted quarterly Tax Rate of 26.23% for Q2 2026, up 1272.0% year-over-year from 1.91% in Q2 2025, and up 61.34% on a QoQ basis from 16.26% in Q4 2025.

On Semiconductor (ON) Tax Rate (2009 - 2026) Analysis & Trends

On Semiconductor (ON) has reported Tax Rate for 18 consecutive years, with 26.23% the latest figure, recorded in Q2 2026.

  • In Q2 2026, Tax Rate rose 1272.0% year-over-year to 26.23%; the TTM figure through Apr 2026 stood at 11.09% (down 280.0% YoY), while the FY2025 annual figure was 5.86%, down 844.0% from the prior year.
  • Tax Rate came in at 26.23% for Q2 2026 at On Semiconductor, up from 16.26% in the prior quarter.
  • The five-year high for Tax Rate was 26.23% in Q2 2026, with the low at 6.48% in Q4 2025.
  • Average Tax Rate over 5 years is 15.78%, with a median of 15.46% recorded in 2022.
  • Across the five-year window, Tax Rate tumbled 1306 bps in 2023 and jumped 1272 bps in 2026, its largest moves.
  • Year by year, Tax Rate stood at 20.83% in 2022, then plunged by 63 bps to 7.78% in 2023, then jumped by 82 bps to 14.17% in 2024, then gained by 15 bps to 16.26% in 2025, then soared by 61 bps to 26.23% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 26.23%, 16.26%, and 6.48% for Q2 2026, Q4 2025, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Nvidia 4,798.43 Bn 4,754.95 Bn 61.16 Bn 16.59%
2 Micron Technology 1,164.41 Bn 1,138.39 Bn 35.06 Bn 14.99%
3 Advanced Micro Devices 882.18 Bn 869.83 Bn 5.42 Bn 14.84%
4 Intel 645.64 Bn 626.45 Bn 5.35 Bn -8.49%
5 Aeluma 370.26 Bn 370.22 Bn 386,000.00 -
6 Arm Holdings 358.73 Bn 355.13 Bn 1.46 Bn -34.93%
7 Texas Instruments 271.25 Bn 266.15 Bn 2.80 Bn 9.86%
8 Marvell Technology 239.95 Bn 236.10 Bn 1.26 Bn 58.58%
9 Qualcomm 193.93 Bn 184.13 Bn 4.16 Bn -230.20%
10 On Semiconductor 37.29 Bn 34.91 Bn 583.10 Mn 26.23%

Historic Data

Download Data
DateValue
Apr 3, 2026 26.23%
Apr 3, 2026 26.23%
Dec 31, 2025 16.26%
Dec 31, 2025 16.26%
Oct 3, 2025 6.48%
Oct 3, 2025 6.48%
Jul 4, 2025 15.08%
Jul 4, 2025 15.08%
Apr 4, 2025 13.51%
Apr 4, 2025 13.51%
Dec 31, 2024 14.17%
Dec 31, 2024 14.17%
Sep 27, 2024 11.42%
Sep 27, 2024 11.42%
Jun 28, 2024 15.84%
Jun 28, 2024 15.84%
Mar 29, 2024 15.70%
Mar 29, 2024 15.70%
Dec 31, 2023 7.78%
Dec 31, 2023 7.78%