ON Semiconductor (ON) 10-K Summaries & Annual Filing History
Review ON Semiconductor Corporation (ON) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
ON Semiconductor Corporation designs and manufactures semiconductor solutions. The company's annual revenue declined, while operating cash flow remained strong.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6B
Revenue reported for the fiscal year.
Operating income
$84.2M
Income from operations reported for the year.
Net income
$121M
Net income reported for the year.
Operating cash flow
$1.8B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $8.3B | +23.5% |
| Dec 31, 2023 | $8.3B | -0.9% |
| Dec 31, 2024 | $7.1B | -14.2% |
| Dec 31, 2025 | $6B | -15.3% |
Business overview
ON Semiconductor Corporation is a semiconductor company. Its business involves designing and manufacturing semiconductor components for various applications. The company serves multiple end markets.
Financial performance
Revenue decreased compared to the prior year. Operating income and net income were reported, and operating cash flow was significantly higher than net income.
Material risks
Material risks include changes in product demand, competitive pricing pressures, supply chain constraints, and the ability to manage manufacturing capacity and reduce operating expenses.
Liquidity and capital
The company funds its operations through cash on hand, operating cash flow, and borrowings under a credit facility. Cash is used for operating expenses, working capital, capital expenditures, debt service, and stock repurchases.
What to watch
Monitor the company's ability to stabilize or grow revenue in the next reporting period.