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
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%