ON - ON Semiconductor Corporation
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$58.33
DETAILS
HIGH:
$64.00
LOW:
$51.00
MEDIAN:
$60.00
CONSENSUS:
$58.33
DOWNSIDE:
3.32%
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 1,550.9 | 1,468.7 | 1,445.7 | 1,722.5 | 1,761.9 | 1,735.2 | 1,862.7 | 2,018.1 | 2,180.8 | 2,094.4 |
| Cost of Revenue | 963.7 | 916.8 | 1,151.9 | 943.4 | 962.5 | 951.2 | 1,009.1 | 1,076.2 | 1,150.1 | 1,101.0 |
| Gross Profit | 587.2 | 551.9 | 293.8 | 779.1 | 799.4 | 784.0 | 853.6 | 941.9 | 1,030.7 | 993.4 |
| Operating Expenses | ||||||||||
| R&D Expenses | 141.9 | 143.8 | 164.1 | 155.2 | 151.0 | 156.5 | 150.0 | 150.2 | 143.4 | 145.3 |
| SG&A Expenses | 150.1 | 154.5 | 152.7 | 170.9 | 160.9 | 153.6 | 164.4 | 156.1 | 178.9 | 158.8 |
| Other Expenses | 30.8 | 60.2 | 550.7 | 44.4 | 42.1 | 85.4 | 14.0 | 23.5 | 21.4 | 14.6 |
| Operating Expenses | 322.8 | 358.5 | 867.5 | 370.5 | 354.0 | 395.5 | 328.4 | 329.8 | 343.7 | 318.7 |
| Operating Income | ||||||||||
| Operating Income | 264.4 | 193.4 | (573.7) | 408.6 | 445.4 | 388.5 | 525.2 | 612.1 | 687.0 | 674.7 |
| Interest Expense | 17.7 | 17.9 | 18.0 | 15.3 | 15.7 | 15.7 | 15.6 | 15.8 | 16.2 | 16.4 |
| Interest Income | 22.7 | 25.2 | 26.6 | 27.8 | 28.6 | 27.4 | 27.6 | 26.3 | 25.7 | 24.0 |
| Profitability | ||||||||||
| EBITDA | 437.2 | 376.5 | (374.8) | 624.4 | 632.1 | 577.4 | 708.7 | 787.0 | 869.1 | 846.7 |
| EBIT | 290.7 | 220.1 | (543.0) | 457.8 | 470.3 | 417.8 | 553.8 | 626.7 | 713.7 | 697.9 |
| Income Before Tax | 273.0 | 202.2 | (561.0) | 442.5 | 454.6 | 402.1 | 538.2 | 610.9 | 697.5 | 681.5 |
| Income Tax Expense | 17.7 | 30.5 | (75.8) | 62.7 | 51.9 | 63.7 | 84.5 | 47.5 | 114.6 | 104.4 |
| Net Income | 255.0 | 170.3 | (486.1) | 379.9 | 401.7 | 338.2 | 453.0 | 562.7 | 582.7 | 576.6 |
| Per Share Data | ||||||||||
| EPS (Basic) | 0.63 | 0.41 | -1.15 | 0.89 | 0.94 | 0.79 | 1.06 | 1.31 | 1.35 | 1.34 |
| EPS (Diluted) | 0.63 | 0.41 | -1.15 | 0.88 | 0.93 | 0.78 | 1.04 | 1.28 | 1.29 | 1.29 |
| Shares Outstanding | 406.9 | 414.6 | 421.3 | 425.4 | 427.0 | 429.1 | 428.1 | 428.1 | 431.2 | 431.7 |
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 2,472.5 | 2,526.7 | 2,762.5 | 2,691.3 | 2,470.2 | 2,231.0 | 2,614.4 | 2,483.0 | 2,679.2 | 2,622.2 |
| Short-Term Investments | 400.0 | 300.0 | 250.0 | 300.0 | 300.0 | 450.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 988.0 | 927.0 | 825.0 | 1,160.1 | 1,070.6 | 887.2 | 873.3 | 935.4 | 958.2 | 944.4 |
| Inventory | 2,047.9 | 2,087.1 | 2,078.2 | 2,242.0 | 2,242.8 | 2,224.6 | 2,147.1 | 2,111.8 | 2,084.8 | 1,964.4 |
| Other Current Assets | 422.6 | 510.6 | 410.8 | 358.6 | 461.1 | 532.2 | 514.1 | 382.1 | 363.2 | 399.2 |
| Total Current Assets | 6,331.0 | 6,351.4 | 6,326.5 | 6,752.0 | 6,544.7 | 6,325.0 | 6,148.9 | 5,912.3 | 6,085.4 | 5,930.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 3,589.3 | 3,754.2 | 3,880.4 | 4,401.9 | 4,424.8 | 4,414.2 | 4,426.1 | 4,443.9 | 4,357.5 | 4,036.0 |
| Goodwill | 1,641.6 | 1,641.6 | 1,641.6 | 1,587.9 | 1,587.9 | 1,577.6 | 1,577.6 | 1,577.6 | 1,577.6 | 1,577.6 |
| Intangible Assets | 289.5 | 296.9 | 309.2 | 257.9 | 273.1 | 275.0 | 289.4 | 299.3 | 312.8 | 326.3 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 321.3 | 327.3 | 350.7 | 360.2 | 367.3 | 387.9 | 392.5 | 381.3 | 368.7 | 390.2 |
| Total Non-Current Assets | 6,679.2 | 6,774.8 | 6,927.4 | 7,337.8 | 7,378.9 | 7,333.8 | 7,334.0 | 7,302.9 | 7,195.9 | 6,832.5 |
| Total Assets | 13,010.2 | 13,126.2 | 13,253.9 | 14,089.8 | 13,923.6 | 13,658.8 | 13,482.9 | 13,215.2 | 13,281.3 | 12,762.7 |
| Current Liabilities | ||||||||||
| Account Payables | 479.1 | 474.3 | 496.6 | 574.5 | 597.5 | 617.7 | 665.8 | 725.6 | 911.3 | 907.5 |
| Short-Term Debt | 35.4 | 0.0 | 0.0 | 0.0 | 796.4 | 795.6 | 794.8 | 794.0 | 912.9 | 912.1 |
| Deferred Revenue | 72.5 | 0.0 | 0.0 | 98.2 | 0.0 | 0.0 | 0.0 | 87.6 | 0.0 | 0.0 |
| Other Current Liabilities | 620.4 | 0.0 | 0.0 | 502.2 | 0.0 | 0.0 | 0.0 | 354.4 | 0.0 | 0.0 |
| Total Current Liabilities | 1,210.4 | 1,264.7 | 1,278.3 | 1,334.8 | 2,128.6 | 2,098.0 | 2,139.0 | 2,183.6 | 2,494.8 | 2,480.7 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,353.1 | 3,350.7 | 3,348.3 | 3,345.9 | 2,547.2 | 2,545.7 | 2,544.1 | 2,542.6 | 2,541.1 | 2,539.6 |
| Deferred Tax Liabilities | 41.1 | 39.9 | 45.6 | 37.6 | 42.8 | 39.6 | 37.3 | 38.7 | 35.1 | 37.7 |
| Other Non-Current Liabilities | 155.8 | 486.0 | 511.2 | 536.3 | 578.6 | 595.4 | 598.6 | 627.3 | 684.7 | 677.0 |
| Total Non-Current Liabilities | 3,873.7 | 3,900.3 | 3,926.7 | 3,940.5 | 3,191.0 | 3,202.4 | 3,201.3 | 3,231.0 | 3,282.5 | 3,278.4 |
| Total Liabilities | 5,084.1 | 5,165.0 | 5,205.0 | 5,275.3 | 5,319.6 | 5,300.4 | 5,340.3 | 5,414.6 | 5,777.3 | 5,759.1 |
| Stockholders' Equity | ||||||||||
| Common Stock | 6.2 | 6.2 | 6.2 | 6.2 | 6.2 | 6.2 | 6.2 | 6.2 | 6.1 | 6.1 |
| Retained Earnings | 8,060.1 | 7,805.1 | 7,634.8 | 8,120.9 | 7,741.0 | 7,339.3 | 7,001.1 | 6,548.1 | 5,985.4 | 5,402.7 |
| Accumulated Other Comprehensive Income | (54.4) | (50.4) | (56.5) | (62.4) | (49.1) | (56.8) | (52.2) | (45.2) | (44.9) | (37.4) |
| Total Stockholders' Equity | 7,905.4 | 7,940.8 | 8,029.9 | 8,796.4 | 8,584.1 | 8,339.5 | 8,123.9 | 7,782.6 | 7,484.3 | 6,984.1 |
| Total Liabilities & Equity | 13,010.2 | 13,126.2 | 13,253.9 | 14,089.8 | 13,923.6 | 13,658.8 | 13,482.9 | 13,215.2 | 13,281.3 | 12,762.7 |
| Debt Metrics | ||||||||||
| Total Debt | 3,632.8 | 3,374.8 | 3,370.3 | 3,366.9 | 3,366.4 | 3,363.4 | 3,360.5 | 3,359.8 | 3,480.8 | 3,482.8 |
| Net Debt | 1,158.8 | 848.1 | 607.8 | 675.6 | 896.2 | 1,132.4 | 746.1 | 876.8 | 801.6 | 860.6 |
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 255.3 | 171.7 | (485.2) | 379.8 | 402.7 | 338.4 | 453.7 | 563.4 | 582.9 | 577.1 |
| Depreciation & Amortization | 146.5 | 156.4 | 168.2 | 166.6 | 161.8 | 159.6 | 154.9 | 160.3 | 155.4 | 148.8 |
| Stock-Based Compensation | 38.2 | 34.4 | 33.9 | 38.1 | 32.7 | 32.3 | 33.0 | 30.7 | 31.1 | 31.6 |
| Change in Working Capital | 45.3 | (199.8) | 462.9 | (24.7) | (95.2) | (163.2) | (98.9) | (132.0) | (139.7) | (342.3) |
| Other Non-Cash Items | 14.3 | 40.1 | 436.2 | 27.4 | 9.4 | 23.0 | 4.6 | 7.5 | 16.3 | 3.7 |
| Operating Cash Flow | 418.7 | 184.3 | 602.3 | 579.7 | 465.8 | 362.2 | 498.7 | 611.2 | 566.6 | 390.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | 225.8 | (78.2) | (147.6) | (144.9) | (174.1) | (141.1) | (233.9) | (154.2) | (433.0) | (413.9) |
| Acquisitions | 117.5 | 0.0 | (117.5) | 0.0 | (20.5) | 0.0 | 0.0 | (236.3) | 0.0 | 0.0 |
| Purchases of Investments | (250.0) | (300.0) | (250.0) | (300.0) | (300.0) | (450.0) | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales/Maturities of Investments | 150.0 | 250.0 | 300.0 | 300.0 | 450.0 | 0.0 | 0.0 | 0.0 | 12.7 | 10.0 |
| Other Investing Activities | (394.5) | 6.5 | 0.2 | (6.8) | 12.7 | 0.2 | (1.4) | 241.6 | 13.1 | 20.4 |
| Investing Cash Flow | (151.2) | (121.7) | (214.9) | (151.7) | (31.9) | (590.9) | (235.3) | (385.2) | (407.2) | (383.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (0.4) | (0.4) | (0.4) | (0.4) | (0.4) | (0.5) | (0.9) | (124.6) | (1.8) | 389.5 |
| Stock Repurchased | (325.0) | (302.3) | (300.1) | (204.1) | (200.0) | (150.0) | (100.0) | (300.2) | (99.9) | (60.1) |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | (2.8) | (2.7) | (22.4) | (4.4) | (3.1) | (7.7) | (37.5) | (13.3) | (6.3) | (424.9) |
| Financing Cash Flow | (322.2) | (300.1) | (317.6) | (203.3) | (197.0) | (152.7) | (130.8) | (432.2) | (101.3) | (89.6) |
| Cash Position | ||||||||||
| Net Change in Cash | (55.6) | (235.6) | 71.8 | 221.0 | 239.3 | (383.6) | 131.7 | (205.8) | 57.6 | (83.4) |
| Cash at Beginning | 2,529.6 | 2,765.2 | 2,693.4 | 2,472.4 | 2,233.1 | 2,616.7 | 2,485.0 | 2,690.8 | 2,633.2 | 2,716.6 |
| Cash at End | 2,474.0 | 2,529.6 | 2,765.2 | 2,693.4 | 2,472.4 | 2,233.1 | 2,616.7 | 2,485.0 | 2,690.8 | 2,633.2 |
| Free Cash Flow | 644.5 | 106.1 | 454.7 | 434.8 | 291.7 | 221.1 | 264.8 | 457.0 | 133.6 | (23.1) |
| Key Metrics | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1,550.9 | 1,468.7 | 1,445.7 | 1,722.5 | 1,761.9 | 1,735.2 | 1,862.7 | 2,018.1 | 2,180.8 | 2,094.4 |
| Gross Profit | 587.2 | 551.9 | 293.8 | 779.1 | 799.4 | 784.0 | 853.6 | 941.9 | 1,030.7 | 993.4 |
| Operating Income | 264.4 | 193.4 | (573.7) | 408.6 | 445.4 | 388.5 | 525.2 | 612.1 | 687.0 | 674.7 |
| Net Income | 255.0 | 170.3 | (486.1) | 379.9 | 401.7 | 338.2 | 453.0 | 562.7 | 582.7 | 576.6 |
| EPS (Diluted) | 0.63 | 0.41 | -1.15 | 0.88 | 0.93 | 0.78 | 1.04 | 1.28 | 1.29 | 1.29 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 2,472.5 | 2,526.7 | 2,762.5 | 2,691.3 | 2,470.2 | 2,231.0 | 2,614.4 | 2,483.0 | 2,679.2 | 2,622.2 |
| Total Assets | 13,010.2 | 13,126.2 | 13,253.9 | 14,089.8 | 13,923.6 | 13,658.8 | 13,482.9 | 13,215.2 | 13,281.3 | 12,762.7 |
| Total Debt | 3,632.8 | 3,374.8 | 3,370.3 | 3,366.9 | 3,366.4 | 3,363.4 | 3,360.5 | 3,359.8 | 3,480.8 | 3,482.8 |
| Stockholders' Equity | 7,905.4 | 7,940.8 | 8,029.9 | 8,796.4 | 8,584.1 | 8,339.5 | 8,123.9 | 7,782.6 | 7,484.3 | 6,984.1 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 418.7 | 184.3 | 602.3 | 579.7 | 465.8 | 362.2 | 498.7 | 611.2 | 566.6 | 390.8 |
| Capital Expenditure | 225.8 | (78.2) | (147.6) | (144.9) | (174.1) | (141.1) | (233.9) | (154.2) | (433.0) | (413.9) |
| Free Cash Flow | 644.5 | 106.1 | 454.7 | 434.8 | 291.7 | 221.1 | 264.8 | 457.0 | 133.6 | (23.1) |