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% on a QoQ basis 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 came in at 26.23% for Q2 2026 at On Semiconductor, up from 16.26% 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 15.78%, with a median of 15.46% recorded in 2022.
- Across the five-year window, Tax Rate tumbled 1306 bps in 2023 and jumped 1272 bps in 2026, its largest moves.
- Year by year, Tax Rate stood at 20.83% in 2022, then plunged by 63 bps to 7.78% in 2023, then jumped by 82 bps to 14.17% in 2024, then gained by 15 bps to 16.26% in 2025, then soared by 61 bps to 26.23% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 26.23%, 16.26%, and 6.48% for Q2 2026, Q4 2025, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 4,798.43 Bn | 4,754.95 Bn | 61.16 Bn | 16.59% |
| 2 | Micron Technology | 1,164.41 Bn | 1,138.39 Bn | 35.06 Bn | 14.99% |
| 3 | Advanced Micro Devices | 882.18 Bn | 869.83 Bn | 5.42 Bn | 14.84% |
| 4 | Intel | 645.64 Bn | 626.45 Bn | 5.35 Bn | -8.49% |
| 5 | Aeluma | 370.26 Bn | 370.22 Bn | 386,000.00 | - |
| 6 | Arm Holdings | 358.73 Bn | 355.13 Bn | 1.46 Bn | -34.93% |
| 7 | Texas Instruments | 271.25 Bn | 266.15 Bn | 2.80 Bn | 9.86% |
| 8 | Marvell Technology | 239.95 Bn | 236.10 Bn | 1.26 Bn | 58.58% |
| 9 | Qualcomm | 193.93 Bn | 184.13 Bn | 4.16 Bn | -230.20% |
| 10 | On Semiconductor | 37.29 Bn | 34.91 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% |