On Semiconductor (ON) Work In Process (2010 - 2026)
On Semiconductor (ON) posted Work In Process of $1.45 billion for Q2 2026, up 4.1% from $1.39 billion a year earlier and up 1.6% from the prior quarter.
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Analysis
On Semiconductor (ON) Work In Process (2010 - 2026) Analysis & Trends
At the end of FY2025, On Semiconductor's Work In Process came in at $1.39 billion, down 0.2% from FY2024.
- Annual Work In Process shows a five-year compound annual growth rate of 10.9% (FY2020 to FY2025).
- In prior years, On Semiconductor's Work In Process was $1.39 billion in FY2024 (+14.0%), $1.22 billion in FY2023 (+28.4%), $951 million in FY2022 (+7.0%) and $888.9 million in FY2021 (+7.1%).
- The Q2 2026 figure stands as the highest quarterly Work In Process in data going back to Q4 2010.
- On a year-over-year basis, Work In Process increased in six of the last eight quarters, with growth averaging 5.4%.
- The strongest year-over-year quarter for Work In Process in the past five years was Q4 2023, with growth of 28.4%; the weakest was Q4 2025, with a decline of 0.2%.
- According to Business Quant data, Work In Process for the three prior quarters was $1.42 billion (Q1 2026), $1.39 billion (Q4 2025) and $1.38 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nvidia | 5,257.94 Bn | 5,032.10 Bn | 72.14 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,182.39 Bn | 1,807.25 Bn | 27.22 Bn |
| 3 | Broadcom | 1,596.71 Bn | 1,522.75 Bn | 20.46 Bn |
| 4 | Micron Technology | 1,020.41 Bn | 926.05 Bn | 47.05 Bn |
| 5 | Advanced Micro Devices | 879.62 Bn | 836.36 Bn | 6.20 Bn |
| 6 | Asml Holding | 640.55 Bn | 596.23 Bn | 5.90 Bn |
| 7 | Intel | 470.49 Bn | 339.62 Bn | 6.51 Bn |
| 8 | Lam Research | 342.11 Bn | 318.91 Bn | 3.48 Bn |
| 9 | Applied Materials | 328.25 Bn | 293.69 Bn | 4.59 Bn |
| 10 | On Semiconductor | 28.62 Bn | 16.93 Bn | 616.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 1.45 Bn |
| Apr 3, 2026 | 1.42 Bn |
| Dec 31, 2025 | 1.39 Bn |
| Oct 3, 2025 | 1.38 Bn |
| Jul 4, 2025 | 1.39 Bn |
| Apr 4, 2025 | 1.35 Bn |
| Dec 31, 2024 | 1.39 Bn |
| Sep 27, 2024 | 1.38 Bn |
| Jun 28, 2024 | 1.34 Bn |
| Mar 29, 2024 | 1.31 Bn |
| Dec 31, 2023 | 1.22 Bn |
| Sep 29, 2023 | 1.22 Bn |
| Jun 30, 2023 | 1.18 Bn |
| Mar 31, 2023 | 1.05 Bn |
| Dec 31, 2022 | 951.00 Mn |
| Sep 30, 2022 | 962.20 Mn |
| Jul 1, 2022 | 1.01 Bn |
| Apr 1, 2022 | 971.50 Mn |
| Dec 31, 2021 | 888.90 Mn |
| Oct 1, 2021 | 871.70 Mn |
API Access
On Semiconductor Work In Process API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=work-in-process&ticker=ON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "work-in-process", "ticker": "ON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=work-in-process&ticker=ON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();