On Semiconductor ON
NASDAQ ON
$74.21 -0.50 (-0.67%)
At close: Aug 21, 2026 · 4:00 PM EDT

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
DateValue
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%