ON Semiconductor Corporation (ON) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ON Revenue Growth
Revenue Breakdown (FY 2025)
ON's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ON Revenue Analysis (2014–2025)
As of May 8, 2026, ON Semiconductor Corporation (ON) generated trailing twelve-month (TTM) revenue of $6.06 billion, reflecting modest growth of +4.7% year-over-year. The most recent quarter (Q1 2026) recorded $1.51 billion in revenue, down 1.1% sequentially.
Looking at the longer-term picture, ON's 5-year compound annual growth rate (CAGR) stands at +2.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $8.33 billion in 2022.
Revenue diversification analysis shows ON's business is primarily driven by Power Solutions Group (75%), and Intelligent Sensing Group (25%). With over half of revenue concentrated in Power Solutions Group, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including STM (+0.6% YoY), WOLF (-6.4% YoY), and DIOD (+16.0% YoY), ON has underperformed the peer group in terms of revenue growth. Compare ON vs STM →
ON Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ONCurrent | $6.1B | +4.7% | +2.7% | 12.5% | |
 STM | $11.8B | +0.6% | +3.0% | 2.7% | |
 WOLF | $758M | -6.4% | +10.0% | -175.4% | |
 DIOD | $1.5B | +16.0% | +3.8% | 2.4% | |
 MPWR | $2.8B | +26.4% | +27.0% | 26.1% | |
 POWI | $444M | +3.1% | -1.9% | 4.8% |
ON Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.00B | -15.3% | $1.94B | 32.3% | $747.6M | 12.5% |
| 2024 | $7.08B | -14.2% | $3.22B | 45.4% | $1.77B | 25.0% |
| 2023 | $8.25B | -0.9% | $3.88B | 47.1% | $2.54B | 30.8% |
| 2022 | $8.33B | +23.5% | $4.08B | 49.0% | $2.36B | 28.3% |
| 2021 | $6.74B | +28.3% | $2.71B | 40.3% | $1.29B | 19.1% |
| 2020 | $5.25B | -4.8% | $1.72B | 32.7% | $348.7M | 6.6% |
| 2019 | $5.52B | -6.1% | $1.97B | 35.8% | $632.5M | 11.5% |
| 2018 | $5.88B | +6.0% | $2.24B | 38.1% | $858.3M | 14.6% |
| 2017 | $5.54B | +41.9% | $2.04B | 36.7% | $715.5M | 12.9% |
| 2016 | $3.91B | +11.8% | $1.30B | 33.3% | $282.2M | 7.2% |
Full ON Stock Analysis
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Start ComparisonON — Frequently Asked Questions
Quick answers to the most common questions about buying ON stock.
Is ON's revenue growth accelerating or slowing?
ON revenue growth slowed to +4.7%, below the 5-year CAGR of +2.7%. TTM revenue is $6.1B. The deceleration marks a shift from historical growth rates.
What is ON's long-term revenue growth rate?
ON Semiconductor Corporation's 5-year revenue CAGR of +2.7% reflects the variable expansion pattern. Current YoY growth of +4.7% is near this long-term average.
How is ON's revenue distributed by segment?
ON reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.