On Semiconductor (ON) Tax Rate (2009 - 2026)
On Semiconductor (ON) posted Tax Rate of 16.02% for Q3 2026, down 38.93% on a QoQ basis from 26.23% in Q2 2026, and up 94.0% year-over-year from 8.26% in Q3 2025.
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Analysis
On Semiconductor (ON) Tax Rate (2009 - 2026) Analysis & Trends
On Semiconductor has reported Tax Rate for 18 years, with the latest figure at 16.02% in Q3 2026.
- On a quarterly basis, Tax Rate rose 94.0% year-over-year to 16.02% in Q3 2026; TTM through Jul 2026 was 11.82%, a 105.0% decrease from a year earlier, with the FY2025 full-year figure at 5.86%, down 844.0% from the prior year.
- Tax Rate was 16.02% for Q3 2026 at On Semiconductor, down from 26.23% 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 15.79%, with a median of 15.58% recorded in 2022.
- The sharpest annual moves came in 2023 and 2026: Tax Rate sank 1306 bps in 2023, then surged 1272 bps in 2026.
- Over 5 years, Tax Rate stood at 20.83% in 2022, then slumped by 63 bps to 7.78% in 2023, then surged by 82 bps to 14.17% in 2024, then increased by 15 bps to 16.26% in 2025, then declined by 1 bps to 16.02% in 2026.
- The last three Tax Rate figures came in at 16.02% (Q3 2026), 26.23% (Q2 2026), and 16.26% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 2,246.74 Bn | 2,142.69 Bn | 27.22 Bn | 18.05% |
| 2 | Micron Technology | 1,101.07 Bn | 1,075.05 Bn | 35.06 Bn | 14.99% |
| 3 | Intel | 519.13 Bn | 505.00 Bn | 6.51 Bn | -0.27% |
| 4 | Texas Instruments | 245.39 Bn | 238.39 Bn | 3.35 Bn | 11.53% |
| 5 | Analog Devices | 183.54 Bn | 181.22 Bn | 2.71 Bn | 13.31% |
| 6 | NXP Semiconductors | 59.67 Bn | 56.81 Bn | 2.00 Bn | 19.40% |
| 7 | United Microelectronics | 57.00 Bn | 53.04 Bn | 706.26 Mn | -6.56% |
| 8 | STMicroelectronics | 45.78 Bn | 41.92 Bn | 1.22 Bn | -11.76% |
| 9 | Microchip Technology | 40.29 Bn | 40.02 Bn | 938.90 Mn | 20.73% |
| 10 | On Semiconductor | 29.64 Bn | 25.80 Bn | 616.30 Mn | 16.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 16.02% |
| Apr 3, 2026 | 26.23% |
| Dec 31, 2025 | 16.26% |
| Oct 3, 2025 | 6.48% |
| Jul 4, 2025 | 15.08% |
| Apr 4, 2025 | 13.51% |
| Dec 31, 2024 | 14.17% |
| Sep 27, 2024 | 11.42% |
| Jun 28, 2024 | 15.84% |
| Mar 29, 2024 | 15.70% |
| Dec 31, 2023 | 7.78% |
| Sep 29, 2023 | 16.43% |
| Jun 30, 2023 | 15.32% |
| Mar 31, 2023 | 15.33% |
| Dec 31, 2022 | 20.83% |
| Sep 30, 2022 | 23.33% |
| Jul 1, 2022 | 19.04% |
| Apr 1, 2022 | 15.46% |
| Dec 31, 2021 | 8.54% |
| Oct 1, 2021 | 16.60% |