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% quarter-over-quarter 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 climbed to 26.23% in Q2 2026 per ON's latest filing, from 16.26% in the prior quarter.
- Across five years, Tax Rate topped out at 26.23% in Q2 2026 and bottomed at 6.48% in Q4 2025.
- Historically, Tax Rate has averaged 15.78% across 5 years, with a median of 15.46% in 2022.
- Annual changes were most pronounced in 2023 — Tax Rate sank 1306 bps — and 2026, when it soared 1272 bps.
- On Semiconductor's Tax Rate stood at 20.83% in 2022, then slumped by 63 bps to 7.78% in 2023, then soared by 82 bps to 14.17% in 2024, then climbed by 15 bps to 16.26% in 2025, then surged by 61 bps to 26.23% in 2026.
- Business Quant data shows ON's Tax Rate at 26.23% in Q2 2026, 16.26% in Q4 2025, and 6.48% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 10,848.43 Bn | 10,750.17 Bn | 23.77 Bn | 16.72% |
| 2 | Nvidia | 5,220.28 Bn | 5,169.94 Bn | 61.16 Bn | 16.59% |
| 3 | Broadcom | 1,746.09 Bn | 1,726.46 Bn | 15.42 Bn | 8.09% |
| 4 | Micron Technology | 1,092.82 Bn | 1,066.80 Bn | 35.06 Bn | 14.99% |
| 5 | Advanced Micro Devices | 773.31 Bn | 760.20 Bn | 6.20 Bn | 9.88% |
| 6 | Intel | 459.59 Bn | 429.86 Bn | 6.51 Bn | -0.27% |
| 7 | Arm Holdings | 259.13 Bn | 255.24 Bn | 1.25 Bn | 6.72% |
| 8 | Texas Instruments | 241.28 Bn | 234.28 Bn | 3.35 Bn | 11.53% |
| 9 | Marvell Technology | 209.48 Bn | 205.64 Bn | 1.26 Bn | 58.58% |
| 10 | On Semiconductor | 28.90 Bn | 25.03 Bn | 616.30 Mn | 16.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 16.02% |
| Jul 3, 2026 | 16.02% |
| Jul 3, 2026 | 16.02% |
| Apr 3, 2026 | 26.23% |
| Apr 3, 2026 | 26.23% |
| Apr 3, 2026 | 26.23% |
| Dec 31, 2025 | 16.26% |
| Dec 31, 2025 | 16.26% |
| Dec 31, 2025 | 16.26% |
| Oct 3, 2025 | 6.48% |
| Oct 3, 2025 | 6.48% |
| Oct 3, 2025 | 6.48% |
| Jul 4, 2025 | 15.08% |
| Jul 4, 2025 | 15.08% |
| Jul 4, 2025 | 15.08% |
| Apr 4, 2025 | 13.51% |
| Apr 4, 2025 | 13.51% |
| Apr 4, 2025 | 13.51% |
| Dec 31, 2024 | 14.17% |
| Dec 31, 2024 | 14.17% |