ON SEMICONDUCTOR CORP

ON 10-Q · Q2 2025

ON Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 1,468.7 1,735.2 -15.4%
Show Business Segments breakouts
AMG 555.9 647.8 -14.2%
AMG · Direct customers 252.6 299.4 -15.6%
AMG · Distributors 303.3 348.4 -12.9%
AMG · GB 102.8 122.7 -16.2%
AMG · HK 157.9 162.2 -2.7%
AMG · Other 39.7 56.4 -29.6%
AMG · SG 121 160.8 -24.8%
AMG · US 134.5 145.7 -7.7%
ISG 214.6 252.2 -14.9%
ISG · Direct customers 117.2 160.8 -27.1%
ISG · Distributors 97.4 91.4 +6.6%
ISG · GB 78.7 103.4 -23.9%
ISG · HK 54.1 61 -11.3%
ISG · Other 29.6 33.6 -11.9%
ISG · SG 21.8 22.7 -4.0%
ISG · US 30.4 31.5 -3.5%
Power Solutions Group [Member] 698.2 835.2 -16.4%
Power Solutions Group [Member] · Direct customers 259.3 320 -19.0%
Power Solutions Group [Member] · Distributors 438.9 515.2 -14.8%
Power Solutions Group [Member] · GB 145.9 187.7 -22.3%
Power Solutions Group [Member] · HK 201.3 230.3 -12.6%
Power Solutions Group [Member] · Other 53.9 62.7 -14.0%
Power Solutions Group [Member] · SG 184.1 206.8 -11.0%
Power Solutions Group [Member] · US 113 147.7 -23.5%
Show Geography breakouts
GB 327.4 413.8 -20.9%
HK 413.3 453.5 -8.9%
Other 123.2 152.7 -19.3%
SG 326.9 390.3 -16.2%
US 277.9 324.9 -14.5%
Show Subsegments breakouts
Automotive 733.2 906.9 -19.2%
Industrial 406.2 468 -13.2%
Intelligent Power 748.1 898 -16.7%
Intelligent Sensing 275.9 310.8 -11.2%
Other 329.3 360.3 -8.6%
Other 444.7 526.4 -15.5%
Show Contract With Customer Sales Channel breakouts
Direct customers 629.1 780.2 -19.4%
Distributors 839.6 955 -12.1%
Cost of Revenue 916.8 951.2 -3.6%
Show Business Segments breakouts
AMG 274.1 325.9 -15.9%
ISG 125.3 138.9 -9.8%
Power Solutions Group [Member] 517.4 486.4 +6.4%
Gross Profit 551.9 784 -29.6%
Show Business Segments breakouts
AMG 281.8 321.9 -12.5%
ISG 89.3 113.3 -21.2%
Power Solutions Group [Member] 180.8 348.8 -48.2%
Research And Development Expense Excluding Acquired In Process Cost 143.8 156.5 -8.1%
Sales & Marketing 63.3 68.6 -7.7%
General & Administrative 91.2 85 +7.3%
Amortization Of Intangible Assets 11 12.9 -14.7%
Restructuring Costs And Asset Impairment Charges 49.2 72.5 -32.1%
Show Restructuring Plan breakouts
2024 Business Realignment 0.1 71.3 -99.9%
2025 Manufacturing Realignment Program 49.1 — —
Operating Expenses 358.5 395.5 -9.4%
Operating Income 193.4 388.5 -50.2%
Interest Expense -17.9 -15.7 -14.0%
Interest Income 25.2 27.4 -8.0%
Other Non-Operating Income (Expense) 1.5 1.9 -21.1%
Non-Operating Income (Expense) 8.8 13.6 -35.3%
Income Loss Including Portion Attributable To Noncontrolling Interest 202.2 402.1 -49.7%
Income Tax Expense (Benefit) -30.5 -63.7 +52.1%
Net Income 171.7 338.4 -49.3%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -0.3 -7.4 +95.9%
Net Income Loss Attributable To Noncontrolling Interest -1.4 -0.2 -600.0%
Net Income 170.3 338.2 -49.6%
EPS (Basic) 0.41 0.79 -48.1%
EPS (Diluted) 0.41 0.78 -47.4%
Wtd Avg Shares (Basic) 414.6 429.1 -3.4%
Wtd Avg Shares (Diluted) 414.9 433.2 -4.2%
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax 1.4 -2 +170.0%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax 4.7 -2.6 +280.8%
Other Comprehensive Income Loss Net Of Tax 6.1 -4.6 +232.6%
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest 177.8 333.8 -46.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 6.1 -4.6 +232.6%
Noncontrolling Interest 1.4 0.2 +600.0%
Retained Earnings 170.3 338.2 -49.6%
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest -1.4 -0.2 -600.0%
Comprehensive Income 176.4 333.6 -47.1%
Cost of Revenue (Q) — — —
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 0.3 -4.5 +106.7%
Foreign Currency Transaction Gain Loss Before Tax (Q) — — —
Show Derivative Risk breakouts
Foreign Exchange Contract -3.3 0.2 -1750.0%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 2,526.7 2,231 +13.3%
Short-Term Investments 300 450 -33.3%
Receivables Net Current 927 887.2 +4.5%
Inventory 2,087.1 2,224.6 -6.2%
Other Assets Current 447.1 532.2 -16.0%
Total Current Assets 6,351.4 6,325 +0.4%
Non-Current Assets
Property, Plant & Equipment 3,714.9 — —
Show Geography breakouts
CN 204.6 — —
CZ 457.7 — —
KR 1,236 — —
MY 158.8 — —
Other 128.9 — —
PH 182.5 — —
US 1,199 — —
VN 147.4 — —
Goodwill 1,641.6 — —
Show Business Segments breakouts
AMG 813.4 — —
ISG 124.3 — —
Power Solutions Group [Member] 703.9 — —
Deferred Tax Assets 754.8 679.1 +11.1%
Other Non-Current Assets 327.3 387.9 -15.6%
Total Assets 13,126.2 13,658.8 -3.9%
Operating Lease Right-of-Use Assets 226.4 265.9 -14.9%
Other Assets
Assets Held For Sale Not Part Of Disposal Group 63.5 — —
Intangible Assets Net Excluding Goodwill 296.9 275 +8.0%
Finance Lease Right Of Use Asset 39.3 41.7 -5.8%
Current Liabilities
Accounts Payable 474.3 617.7 -23.2%
Accrued Liabilities 790 684.3 +15.4%
Finance Lease Liability Current 0.4 0.4 0.0%
Total Current Liabilities 1,264.7 2,098 -39.7%
Deferred Revenue (Current) 102.5 — —
Non-Current Liabilities
Long-Term Debt 3,350.7 2,545.7 +31.6%
Deferred Tax Liabilities 39.9 39.6 +0.8%
Finance Lease Liability Noncurrent 23.7 21.7 +9.2%
Other Non-Current Liabilities 486 595.4 -18.4%
Total Liabilities 5,165 5,300.4 -2.6%
Long-Term Debt 3,379.9 — —
Show Debt Instrument breakouts
0% Notes · Convertible Debt 798.8 — —
0.50% Notes · Convertible Debt 1,480.8 — —
3.875% Notes · Notes Payable Other Payables 696.1 — —
Show Credit Facility breakouts
Revolving Credit Facility · Line Of Credit 375 — —
Operating Lease Liabilities 226.3 249.4 -9.3%
Contract With Customer Liability Noncurrent 82 — —
Stockholders' Equity
Common Stock 6.2 6.2 0.0%
Additional Paid-In Capital 5,451.1 5,283.3 +3.2%
Accumulated Other Comprehensive Income -50.4 -56.8 +11.3%
Retained Earnings 7,805.1 7,339.3 +6.3%
Treasury Stock Common Value -5,271.2 -4,232.5 -24.5%
Total Stockholders' Equity 7,940.8 8,339.5 -4.8%
Minority Interest 20.4 18.9 +7.9%
Show Business Acquisition breakouts
Leshan 20.4 — —
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 7,961.2 8,358.4 -4.8%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent 2.7 — —
Accumulated Other Comprehensive Income -50.4 -56.8 +11.3%
Accumulated Translation Adjustment -53.1 — —
Additional Paid In Capital 5,451.1 5,283.3 +3.2%
Common Stock 6.2 6.2 0.0%
Noncontrolling Interest 20.4 18.9 +7.9%
Retained Earnings 7,805.1 7,339.3 +6.3%
Treasury Stock Common -5,271.2 -4,232.5 -24.5%
Total Liabilities & Equity 13,126.2 13,658.8 -3.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 324.6 314.5 +3.2%
Gain Loss On Sale Of Property Plant Equipment -5.8 1 -680.0%
Amortization Of Debt Discount Premium 5.7 5.6 +1.8%
Stock-Based Compensation 68.3 65.3 +4.6%
Tangible Asset Impairment Charges 472.1 15.7 +2907.0%
Reversal Of Income Tax Valuation Allowance -32.2 -76.5 +57.9%
Other Non-Cash Items 4.3 5.3 -18.9%
Change in Accounts Receivable 185.9 35.9 +417.8%
Change in Inventory 175.7 -113.4 +254.9%
Increase Decrease In Other Operating Assets -104.2 -99.2 -5.0%
Change in Accounts Payable 40.7 -40 +201.8%
Increase Decrease In Accrued Liabilities 5.7 -1.5 +480.0%
Increase Decrease In Other Operating Liabilities -40.7 -43.9 +7.3%
Net Cash from Operations 786.6 860.9 -8.6%
Investing Activities
Capital Expenditures -225.8 -375 +39.8%
Proceeds From Sale Of Property Plant And Equipment 6.7 0.3 +2133.3%
Payments To Acquire Short Term Investments -550 -450 -22.2%
Proceeds From Sale Maturity And Collection Of Shortterm Investments 550 — —
Payments To Acquire Businesses Net Of Cash Acquired -117.5 — —
Net Cash from Investing -336.6 -826.2 +59.3%
Financing Activities
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans 10.6 13.1 -19.1%
Tax Withholding for Share Compensation -25.1 -45.2 +44.5%
Share Repurchases -602.4 -250 -141.0%
Finance Lease Principal Payments -0.8 -1.4 +42.9%
Net Cash from Financing -617.7 -283.5 -117.9%
Supplemental
Income Taxes Paid 86.5 244.9 -64.7%
Interest Paid 29.3 31.3 -6.4%
Unpaid Capital Expenditures 111.6 221.7 -49.7%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 3.9 -3.1 +225.8%
Net Change in Cash -163.8 -251.9 +35.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,529.6 2,233.1 +13.3%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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