ON Semiconductor (ON) Stock Analysis & Overview

ON Semiconductor Corporation (NASDAQ: ON), which operates under the onsemi brand, is a Scottsdale, Arizona-headquartered semiconductor company providing intelligent power and intelligent sensing solutions for automotive, industrial and other markets, including AI data centers. This page profiles the listed company and its stock: it brings together TradingView market widgets, financial reference data taken from onsemi’s SEC filings, and a dated, clearly labelled third-party Shariah-screening snapshot for research purposes. onsemi’s fiscal year ends December 31. Widgets update dynamically; the tables and screening notes are static and carry their own reporting periods and dates. For sector context see SaGeminieTech’s Semiconductors hub and the NASDAQ hub.

ON Semiconductor Corporation (ON) Symbol Information

ON trades on the Nasdaq Stock Market under the ticker symbol ON, as confirmed against the SEC’s ticker-and-exchange listing; the company operates under the onsemi brand. The panel below summarizes the current symbol — price, exchange and identifying details — as a quick reference before reviewing deeper fundamentals and charts.

ON Advanced Stock Chart

The interactive chart below displays ON price and volume history across time intervals from intraday to multi-year views. Developments that onsemi’s own filings highlight include a fall in revenue from $8,253.0 million in 2023 to $5,995.4 million in 2025, a 2025 manufacturing realignment that included $496.0 million of non-cash impairment charges, a $1.5 billion 0% convertible note offering in May 2026, and a pending acquisition of Synaptics Incorporated that was amended on October 1, 2026 to an all-cash deal. Automotive and industrial demand cycles can also influence price. Price history is one input among several and should be read alongside fundamentals.

ON Semiconductor Corporation Financial Statements and Fundamentals

Key figures worth examining for onsemi include the multi-year revenue decline, the sharp fall in gross margin in 2025, and the restructuring and impairment charges behind it. Revenue was $5,995.4 million in 2025, down 15.3% from $7,082.3 million in 2024, which itself was down from $8,253.0 million in 2023; net income attributable to ON Semiconductor Corporation fell to $121.0 million in 2025 from $1,572.8 million in 2024 and $2,183.7 million in 2023 (10-K). The company attributes the 2025 revenue decrease primarily to lower sales volumes across all reportable segments.

In the first six months of 2026 (ended July 3, 2026), revenue was $3,116.8 million, compared with $2,914.4 million in the same period of 2025 (about 6.9% higher, calculated), and net income attributable to ON Semiconductor Corporation was $193.4 million, compared with a net loss of $315.8 million a year earlier. The 2026 period still included $163.3 million of asset impairment charges (Form 10-Q).

ON Semiconductor Corporation reported financial figures — US GAAP, $ millions, fiscal years ended December 31
Metric	FY2023	FY2024	FY2025
Revenue (reported)	8,253.0	7,082.3	5,995.4
Gross profit (reported)	3,883.5	3,216.1	1,983.9
Operating income (reported)	2,538.7	1,767.7	84.2
Net income attributable to ON Semiconductor Corporation (reported)	2,183.7	1,572.8	121.0
Diluted earnings per share (reported)	$4.89	$3.63	$0.29
Net cash provided by operating activities (reported)	1,977.5	1,906.4	1,759.8
Purchases of property, plant and equipment (reported)	1,539.1	694.0	341.2
Gross margin (calculated: gross profit ÷ revenue)	47.1%	45.4%	33.1%
Operating margin (calculated: operating income ÷ revenue)	30.8%	25.0%	1.4%

Source: ON Semiconductor Corporation Annual Report on Form 10-K for the year ended December 31, 2025 (SEC filing, filed 2026-02-09), with 2024 and 2023 comparatives as presented in that filing and its SEC XBRL data. In 2025 the company recorded $67.1 million of severance costs related to the termination of approximately 2,400 employees and $496.0 million of non-cash impairment charges on manufacturing equipment, as part of a manufacturing realignment program. Rows marked “calculated” are derived by SaGeminieTech from the reported inputs shown.

ON Semiconductor Corporation selected balance-sheet measures — $ millions
Measure	December 31, 2025	July 3, 2026
Cash and cash equivalents	2,147.6	3,514.5
Short-term investments	400.0	350.0
Debt outstanding (aggregate principal)	3,004.9	4,504.9
Total assets	12,524.1	13,485.1
Total ON Semiconductor Corporation stockholders’ equity	7,673.3	7,218.7

Sources: 2025 Form 10-K and the Form 10-Q for the quarter ended July 3, 2026 (SEC filing, filed 2026-08-03), via SEC XBRL data. The increase in debt reflects the $1.5 billion of 0% Convertible Senior Notes due 2031 issued on May 11, 2026; the notes bear no regular interest and the principal does not accrete. The company used about $331.9 million of the proceeds to repurchase approximately 3.1 million shares and entered into convertible note hedge and warrant transactions (Form 8-K filed 2026-05-12). The balance-sheet carrying value of debt at July 3, 2026 was $4,459.4 million.

ON Semiconductor Corporation Company Profile and Business Model

ON Semiconductor Corporation, incorporated in Delaware in 1992 and headquartered in Scottsdale, Arizona, operates under the onsemi brand. The company describes its business as intelligent power and intelligent sensing solutions for automotive, industrial and other end markets, including AI data centers. Its power technologies, including its EliteSiC silicon carbide portfolio, are used in electric-vehicle drivetrains and charging, solar and industrial power, and data center power supplies; its sensing technologies are used in advanced driver assistance, safety, machine vision and factory automation.

onsemi reports three segments: the Power Solutions Group (PSG), the Analog and Mixed-Signal Group (AMG) and the Intelligent Sensing Group (ISG). Automotive was its largest end market in 2025 at about 51% of revenue, followed by industrial at about 28%. One distributor accounted for approximately 11% of 2025 revenue. In 2025 the company acquired a silicon carbide JFET technology business from Qorvo for $118.8 million and rights to Vcore power technologies from Aura Semiconductor, both aimed at AI data center power applications.

The 10-K lists Hassane El-Khoury as President, Chief Executive Officer and Director (since December 2020) and Thad Trent as Executive Vice President and Chief Financial Officer (since February 2021). Simon Keeton stepped down as Group President of the Power Solutions Group in March 2026 (Form 8-K filed 2026-03-11). As of December 31, 2025, onsemi had approximately 22,600 regular full-time employees across 33 countries, about 73% of them in Asia Pacific and Japan. For other semiconductor companies on this site, see SaGeminieTech’s NXP Semiconductors (automotive processors and secure connectivity) and Microchip Technology (microcontrollers and embedded control) profiles; onsemi’s focus on power conversion and image sensing is presented here as distinct from both.

Pending acquisition of Synaptics. On June 25, 2026, onsemi agreed to acquire Synaptics Incorporated in an all-stock transaction at 1.350 onsemi shares per Synaptics share. On October 1, 2026, after Synaptics received an unsolicited proposal from a third party, the companies entered into an amended merger agreement that changes the consideration to $123 per Synaptics share in cash. In connection with the amendment, onsemi obtained a commitment from Morgan Stanley Senior Funding for up to $2.45 billion of senior secured term loans to fund part of the cash consideration and related costs; financing is not a condition to closing (Form 8-K filed 2026-10-01). The FTC granted early termination of the Hart-Scott-Rodino waiting period on August 12, 2026; closing still requires Synaptics stockholder approval and certain other regulatory approvals (Form 8-K filed 2026-08-13). The transaction has not closed and its terms or timing may change. If completed with the committed term loans, onsemi’s debt would rise materially, which is relevant to the Shariah debt ratio below.

ON Semiconductor Corporation revenue by reportable segment — US GAAP, $ millions
Segment	FY2025	FY2024	Share of FY2025 (reported)	FY2025 segment gross margin (reported)
Power Solutions Group (PSG)	2,805.1	3,348.2	46.8%	24.5%
Analog and Mixed-Signal Group (AMG)	2,261.9	2,609.1	37.7%	51.1%
Intelligent Sensing Group (ISG)	928.4	1,125.0	15.5%	15.1%

Source: 2025 Form 10-K, Management’s Discussion and Analysis, segment results (filing). Segment gross margins fell in 2025 for PSG (from 41.3%) and ISG (from 46.7%), while AMG held roughly steady (from 50.1%).

ON Semiconductor Corporation revenue by end market — US GAAP, $ millions
End market	FY2025	FY2024	FY2023	Share of FY2025 (calculated)
Automotive	3,080.8	3,900.8	4,319.9	51.4%
Industrial	1,674.8	1,800.8	2,278.4	27.9%
Other (computing including AI data center, consumer, networking, communications)	1,239.8	1,380.7	1,654.7	20.7%

Source: 2025 Form 10-K, revenue note (filing). By product technology, intelligent power was $3,009.4 million and intelligent sensing $1,163.6 million of 2025 revenue.

ON Semiconductor Corporation Historical Stock-Price Overview

The overview below covers ON price and percentage change across several date ranges, with volume and moving-average context. onsemi’s reported revenue fell from $8,253.0 million in 2023 to $5,995.4 million in 2025 and diluted earnings per share fell from $4.89 to $0.29 over the same period (table above), before revenue rose year over year in the first half of 2026. Price history is best interpreted alongside those trends rather than in isolation.

ON Semiconductor Corporation Shariah Compliance Snapshot

The snapshot below reflects third-party Shariah screening for ON based on AAOIFI-derived methodology, as reported by two providers, Zoya and Musaffa, plus figures independently calculated by SaGeminieTech from onsemi’s SEC filings and a market-capitalization snapshot. Both provider pages were read on 2026-10-03. Screening results change as market capitalization, debt, cash and non-permissible income change — treat this as a starting reference for further verification, not a certification, and not investment or religious guidance.

Current StatusZoya screens ON as Shariah-compliant (zoya.finance/stocks/on; AAOIFI standard; last updated October 2026) and Musaffa classifies it as HALAL with a C+ rating, passing both business and financial screening criteria (musaffa.com/stock/ON; AAOIFI-based methodology; last updated August 10, 2026, based on the 2026 second-quarter report). The two sources agree as of 2026-10-03.

Debt / Market CapIndependently calculated: 13.63%. Aggregate principal of debt outstanding of $4,504.9 million at July 3, 2026 — including the 0% convertible notes at full principal, a conservative treatment — divided by a market capitalization of $33,050 million at the 2026-10-02 close (stockanalysis.com). Under the commonly cited 30–33% threshold.

Cash / Market CapIndependently calculated: 11.69%. Cash and cash equivalents ($3,514.5 million) plus short-term investments ($350.0 million) at July 3, 2026, totaling $3,864.5 million, divided by the same $33,050 million market capitalization. Under the commonly cited 30–33% threshold.

Non-Permissible IncomeZoya’s public page states $95.1 million of interest income for fiscal 2025 on revenue of $5,995.4 million; both figures were independently confirmed against SEC XBRL data, so no correction was needed. Interest income is about 1.56% of revenue plus interest income (Zoya’s stated 1.59% equals interest income divided by revenue alone).

Business ActivityPower and sensing semiconductors for automotive, industrial, data center and other electronics markets. No lending, conventional banking, insurance, gambling or alcohol-related activity was found in the 10-K’s description of the business; the non-permissible revenue split beyond interest income is not publicly disclosed, so this item relies on the providers’ business screens.

Requires VerificationThe pending Synaptics acquisition could add up to $2.45 billion of term-loan debt and would bring Synaptics’ business into the company. Holding all else equal, the full committed amount would raise debt to market cap to about 21% (simple arithmetic, not a forecast). Musaffa’s review predates the October 1, 2026 amendment, and neither provider’s rating reflects the combined company; the status should be re-checked after closing.

Last ReviewedZoya last updated October 2026; Musaffa last updated August 10, 2026; both provider pages were read on 2026-10-03. Debt and cash figures are as of July 3, 2026; market capitalization is as of the 2026-10-02 close.

ON Semiconductor Corporation AAOIFI-style screening ratios — independently calculated
Ratio	Numerator	Denominator	Result	Commonly cited threshold
Interest-bearing debt ÷ market capitalization	Debt principal: $4,504.9 million, including 0% convertible notes (10-Q, July 3, 2026)	Market capitalization: $33,050 million (stockanalysis.com, close 2026-10-02)	13.63%	< 30–33%
Cash and short-term investments ÷ market capitalization	$3,514.5m cash + $350.0m short-term investments = $3,864.5 million (10-Q, July 3, 2026)	Market capitalization: $33,050 million (close 2026-10-02)	11.69%	< 30–33%
Non-permissible (interest) income ÷ (revenue + interest income)	Interest income: $95.1 million (10-K, fiscal 2025)	Revenue + interest income: $5,995.4m + $95.1m = $6,090.5m	1.56%	< 5%

Whether a 0% convertible note counts as interest-bearing debt under a strict AAOIFI reading is an open question; it is included here at full principal as the conservative treatment. In the first half of 2026, interest income was $35.1 million on revenue of $3,116.8 million (about 1.1%). Market capitalization is a point-in-time figure (2026-10-02 close) applied to July 3, 2026 balance-sheet figures; it moves daily and these ratios should be recalculated before relying on them.

This snapshot is a screening summary for research purposes, not a certification of Shariah compliance and not investment or religious guidance. All three AAOIFI-style ratios were independently calculated for this page and fall under commonly cited thresholds, but the pending Synaptics acquisition is marked “requires verification” because it could change both the debt ratio and the business mix. Confirm the latest status directly with Zoya, with Musaffa, or with a qualified Shariah adviser before relying on any compliance conclusion.

Key Investor Considerations for ON Semiconductor Corporation

Potential Strengths

Positioned in power conversion and image sensing for electric vehicles, driver assistance, industrial automation and AI data center power, according to its 10-K
Revenue rose year over year in the first half of 2026 ($3,116.8 million vs. $2,914.4 million), returning to net income
Generated $1,759.8 million of operating cash flow in 2025 despite the revenue decline, while capital spending fell to $341.2 million
Cash and short-term investments of $3,864.5 million at July 3, 2026
All three independently calculated AAOIFI-style ratios are under commonly cited thresholds as of this review

Material Risks

Revenue fell 15.3% in 2025 and net income attributable to the company fell to $121.0 million from $1,572.8 million, with gross margin dropping to 33.1%
Heavy reliance on automotive demand (about 51% of 2025 revenue), which fell from $4,319.9 million in 2023 to $3,080.8 million in 2025
Continuing restructuring and impairment charges, including $163.3 million of impairments in the first half of 2026
Debt rose to $4,504.9 million after the May 2026 convertible offering, and the pending all-cash Synaptics deal could add up to $2.45 billion of secured term loans
One distributor accounted for about 11% of 2025 revenue, and the head of the Power Solutions Group stepped down in March 2026

Frequently Asked Questions

What does onsemi do?

ON Semiconductor Corporation, which operates as onsemi, makes intelligent power and intelligent sensing semiconductors for automotive, industrial and other markets including AI data centers, according to its 2025 Form 10-K.

Are onsemi and ON Semiconductor the same company?

Yes. ON Semiconductor Corporation is the legal name of the listed company, and onsemi is the brand under which it and its subsidiaries operate. Its ticker symbol is ON.

On which exchange is ON Semiconductor listed?

ON Semiconductor Corporation’s common stock trades on the Nasdaq Stock Market under the ticker symbol ON, as confirmed against the SEC’s ticker-and-exchange listing.

Why did onsemi’s revenue fall in 2025?

The company attributes the 15.3% decrease, from $7,082.3 million in 2024 to $5,995.4 million in 2025, primarily to lower sales volumes across all of its reportable segments. Automotive revenue fell the most in dollar terms.

Is onsemi acquiring Synaptics?

onsemi has agreed to acquire Synaptics. Under an amended agreement signed on October 1, 2026, Synaptics stockholders would receive $123 per share in cash. The deal had not closed as of this review and still requires Synaptics stockholder approval and certain other regulatory approvals.

How is onsemi different from NXP and Microchip on this site?

All three are semiconductor companies with automotive and industrial exposure, but this page covers onsemi’s power conversion (including silicon carbide) and image-sensing business, while the NXP profile covers automotive processors and secure connectivity and the Microchip profile covers microcontrollers and embedded control.

Is ON stock currently Shariah compliant?

Zoya screens ON as Shariah-compliant and Musaffa classifies it as HALAL, both under AAOIFI-based methodologies (read 2026-10-03). SaGeminieTech independently calculated debt/market cap of 13.63%, cash and short-term investments/market cap of 11.69% and non-permissible income of 1.56%, all under commonly cited thresholds. The pending Synaptics acquisition requires verification because it could raise debt and change the business mix. This is a screening summary, not a compliance certification — check a current, named screening source or a qualified Shariah adviser before relying on any status.

Conclusion

onsemi is a power and sensing semiconductor company whose company-reported revenue fell from $8,253.0 million in 2023 to $5,995.4 million in 2025 as automotive demand weakened, with 2025 profitability reduced by restructuring and $496.0 million of impairment charges, before revenue rose year over year in the first half of 2026. Its balance sheet changed in 2026 with a $1.5 billion 0% convertible note offering, and the pending all-cash acquisition of Synaptics could change it further. SaGeminieTech independently checked onsemi’s Shariah-screening ratios against its SEC filings and a market-capitalization snapshot and found all three AAOIFI-style ratios under typical thresholds, while marking the effect of the Synaptics transaction as requiring verification. The tools on this page — charts, financials, technical indicators and news — support ongoing research into onsemi, but they do not replace a review of its official filings or independent financial, legal, tax or Shariah advice.

This page is informational and is not investment advice, a recommendation to buy, sell or hold any security, or a prediction of future returns. See SaGeminieTech’s Disclaimer.

ON Semiconductor Corporation (ON) – Company Overview, Business Model & Stock Analysis