On Semiconductor (ON) Tax Rate (2009 - 2026)
On Semiconductor (ON) recorded quarterly Tax Rate of 26.23% in Q2 2026, up 61.34% quarter-over-quarter from 16.26% in Q4 2025, and up 1272.0% on a YoY basis from 1.91% in Q2 2025.
On Semiconductor (ON) Tax Rate (2009 - 2026) Analysis & Trends
On Semiconductor's Tax Rate history runs 18 years deep, the most recent figure standing at 26.23% for 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 was 26.23% for Q2 2026 at On Semiconductor, up from 16.26% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 26.23% in Q2 2026 to a low of 6.48% in Q4 2025.
- Historically, Tax Rate has averaged 15.78% across 5 years, with a median of 15.46% in 2022.
- The sharpest annual moves came in 2023 and 2026: Tax Rate slumped 1306 bps in 2023, then jumped 1272 bps in 2026.
- A 5-year view of Tax Rate shows it stood at 20.83% in 2022, then tumbled by 63 bps to 7.78% in 2023, then jumped by 82 bps to 14.17% in 2024, then grew by 15 bps to 16.26% in 2025, then soared by 61 bps to 26.23% in 2026.
- The last three Tax Rate figures came in at 26.23% (Q2 2026), 16.26% (Q4 2025), and 6.48% (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,119.49 Bn | 5,076.01 Bn | 61.16 Bn | 16.59 |
| 2 | Broadcom | 1,946.04 Bn | 1,926.41 Bn | 15.42 Bn | 8.09 |
| 3 | Micron Technology | 1,288.71 Bn | 1,274.12 Bn | 17.76 Bn | 14.67 |
| 4 | Taiwan Semiconductor Manufacturing | 1,080.21 Bn | 983.26 Bn | 23.77 Bn | 16.72 |
| 5 | Advanced Micro Devices | 879.94 Bn | 867.59 Bn | 5.42 Bn | 14.84 |
| 6 | Intel | 681.83 Bn | 662.64 Bn | 5.35 Bn | -8.49 |
| 7 | Texas Instruments | 293.38 Bn | 288.27 Bn | 2.80 Bn | 9.86 |
| 8 | Marvell Technology | 274.06 Bn | 270.21 Bn | 1.26 Bn | 58.58 |
| 9 | Qualcomm | 241.64 Bn | 231.84 Bn | 4.16 Bn | -230.20 |
| 10 | On Semiconductor | 47.99 Bn | 45.60 Bn | 583.10 Mn | 26.23 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |