On Semiconductor (ON) Work In Process (2010 - 2026)
On Semiconductor (ON) posted quarterly Work In Process of $1.4 billion for Q2 2026, up 5.85% year-over-year from $1.3 billion in Q2 2025, and up 2.51% quarter-over-quarter from $1.4 billion in Q4 2025.
On Semiconductor (ON) Work In Process (2010 - 2026) Analysis & Trends
On Semiconductor (ON) has reported Work In Process for 17 consecutive years, with $1.4 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Work In Process rose 5.85% year-over-year to $1.4 billion; the TTM figure through Apr 2026 stood at $1.4 billion (up 5.85% YoY), while the FY2025 annual figure was $1.4 billion, changed 0.22% from the prior year.
- Work In Process advanced to $1.4 billion in Q2 2026 per ON's latest filing, from $1.4 billion in the prior quarter.
- Across five years, Work In Process topped out at $1.4 billion in Q2 2026 and bottomed at $951.0 million in Q4 2022.
- Historically, Work In Process has averaged $1.2 billion across 5 years, with a median of $1.3 billion in 2024.
- Annual changes were most pronounced in 2023 — Work In Process grew 28.4% — and 2025, when it retreated 0.22%.
- On Semiconductor's Work In Process stood at $951.0 million in 2022, then climbed by 28.4% to $1.2 billion in 2023, then gained by 13.99% to $1.4 billion in 2024, then slipped by 0.22% to $1.4 billion in 2025, then climbed by 2.51% to $1.4 billion in 2026.
- Business Quant data shows ON's Work In Process at $1.4 billion in Q2 2026, $1.4 billion in Q4 2025, and $1.4 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 10,848.43 Bn | 10,750.17 Bn | 23.77 Bn |
| 2 | Nvidia | 5,220.28 Bn | 5,169.94 Bn | 61.16 Bn |
| 3 | Broadcom | 1,746.09 Bn | 1,726.46 Bn | 15.42 Bn |
| 4 | Micron Technology | 1,092.82 Bn | 1,066.80 Bn | 35.06 Bn |
| 5 | Advanced Micro Devices | 773.31 Bn | 760.20 Bn | 6.20 Bn |
| 6 | Intel | 459.59 Bn | 429.86 Bn | 6.51 Bn |
| 7 | Arm Holdings | 259.13 Bn | 255.24 Bn | 1.25 Bn |
| 8 | Texas Instruments | 241.28 Bn | 234.28 Bn | 3.35 Bn |
| 9 | Marvell Technology | 209.48 Bn | 205.64 Bn | 1.26 Bn |
| 10 | On Semiconductor | 28.90 Bn | 25.03 Bn | 616.30 Mn |
Historic Data
Download 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 |