ON Semiconductor Quarterly Income Statement
NASDAQ: ONTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
ON Semiconductor revenue and earnings
In the quarter ended Jul 3, 2026, ON Semiconductor generated $1.60 billion in revenue, up 9.2% from the same quarter a year earlier. Net income was $226.8 million (+33.2% year over year), for a net margin of 14.1% versus a median of 11.6% in the prior 5 quarters. Gross margin was 38.4% (up from 37.6%) and operating margin 16.1%.
Diluted earnings per share came in at $0.56, up from $0.41.
Summary generated from market data by MetaCap's automated system. Methodology
ON Semiconductor income statement (quarterly)
| Quarter (USD) | Q2 20262026-07-03 | Q1 20262026-04-03 | Q4 20252025-12-31 | Q3 20252025-10-03 | Q2 20252025-07-04 | Q1 20252025-04-04 | Q4 20242024-12-31 | Q3 20242024-09-27 | Q2 20242024-06-28 | Q1 20242024-03-29 | Q4 20232023-12-31 | Q3 20232023-09-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.60B | 1.51B | 1.53B | 1.55B | 1.47B | 1.45B | 1.72B | 1.76B | 1.74B | 1.86B | 2.02B | 2.18B |
| Revenue growth (YoY) | +9.18% | +4.68% | -11.17% | -11.98% | -15.36% | -22.39% | -14.65% | -19.21% | -17.15% | -4.95% | -4.06% | -0.54% |
| Cost of Revenue | 987.20M | 930.20M | 979.10M | 963.70M | 916.80M | 1.15B | 943.40M | 962.50M | 951.20M | 1.01B | 1.08B | 1.15B |
| Gross Profit | 616.30M | 583.10M | 551.00M | 587.20M | 551.90M | 293.80M | 779.10M | 799.40M | 784.00M | 853.60M | 941.90M | 1.03B |
| Operating Expenses | 357.70M | 636.50M | 350.90M | 322.80M | 358.50M | 867.50M | 370.50M | 354.00M | 395.50M | 328.40M | 329.80M | 343.70M |
| Research & Development | 140.80M | 144.30M | 133.80M | 141.90M | 143.80M | 164.10M | 155.20M | 151.00M | 156.50M | 150.00M | 150.20M | 143.40M |
| Selling, General & Admin | 165.20M | 152.40M | 147.50M | 150.10M | 154.50M | 152.70M | 170.90M | 160.90M | 153.60M | 164.40M | 156.10M | 178.90M |
| Operating Income | 258.60M | -53.40M | 200.10M | 264.40M | 193.40M | -573.70M | 408.60M | 445.40M | 388.50M | 525.20M | 612.10M | 687.00M |
| Interest Expense | 13.70M | 12.70M | 17.30M | 17.70M | 17.90M | 18.00M | 15.30M | 15.70M | 15.70M | 15.60M | 15.80M | 16.20M |
| Other Income (Expense) | 12.30M | 8.80M | 17.00M | 8.60M | 8.80M | 12.70M | 33.90M | 9.20M | 13.60M | 13.00M | -1.20M | 10.50M |
| Income Tax | 43.40M | -11.70M | 35.30M | 17.70M | 30.50M | -75.80M | 62.70M | 51.90M | 63.70M | 84.50M | 47.50M | 114.60M |
| Net Income | 226.80M | -33.40M | 181.80M | 255.00M | 170.30M | -486.10M | 379.90M | 401.70M | 338.20M | 453.00M | 562.70M | 582.70M |
| Net Income growth (YoY) | +33.18% | — | -52.15% | -36.52% | -49.65% | -207.31% | -32.49% | -31.06% | -41.35% | -1.88% | -6.88% | +86.82% |
| EPS (Basic) | 0.58 | -0.08 | 0.40 | 0.63 | 0.41 | -1.15 | 0.89 | 0.94 | 0.79 | 1.06 | 1.31 | 1.35 |
| EPS (Diluted) | 0.56 | -0.08 | 0.40 | 0.63 | 0.41 | -1.15 | 0.88 | 0.93 | 0.78 | 1.04 | 1.28 | 1.29 |
| Shares Outstanding (Basic) | 390.30M | 394.10M | — | 406.90M | 414.60M | 421.30M | — | 427.00M | 429.10M | 428.10M | — | 431.20M |
| Shares Outstanding (Diluted) | 404.40M | 394.10M | — | 408.00M | 414.90M | 421.30M | — | 431.70M | 433.20M | 436.50M | — | 450.70M |
| EBITDA | 399.90M | 233.30M | 415.00M | 410.90M | 349.80M | -405.50M | 575.20M | 607.20M | 548.10M | 680.10M | 772.40M | 842.40M |
| Gross Margin | 38.43% | 38.53% | 36.01% | 37.86% | 37.58% | 20.32% | 45.23% | 45.37% | 45.18% | 45.83% | 46.67% | 47.26% |
| Operating Margin | 16.13% | -3.53% | 13.08% | 17.05% | 13.17% | -39.68% | 23.72% | 25.28% | 22.39% | 28.20% | 30.33% | 31.50% |
| Net Margin | 14.14% | -2.21% | 11.88% | 16.44% | 11.60% | -33.62% | 22.06% | 22.80% | 19.49% | 24.32% | 27.88% | 26.72% |
This table shows 12 quarterly periods of ON Semiconductor's income statement, from Q2 2026 back to Q3 2023, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow ON's reporting calendar. What is a income statement?