ON Semiconductor Company Profile: Revenue, Business Model & Strategy
Research depth: 4 milestones · 8 FAQs
onsemi reported $6.00B in 2025 revenue; CEO: Hassane El-Khoury; employees: about 22,600.
How ON Semiconductor makes money: onsemi makes money from power semiconductors, silicon carbide devices, analog and mixed-signal chips, image sensors, and long automotive and industrial design wins.
Table of Contents
ON Semiconductor Corporation Key Facts
| Company | ON Semiconductor Corporation |
|---|---|
| Trajectory | Stable |
| Financials | $6B (FY2025, last reviewed July 2026) [1] |
| Market Cap | $22.5B [2] |
| Net Income | $121.0M |
| Last reviewed | By Swet Parvadiya, Founder & Editor - May 2026 |
| Founded | 1999 |
| Founder(s) | Motorola Semiconductor Products Sector spin-off |
| CEO | Hassane El-Khoury |
| Headquarters | Scottsdale, Arizona, United States |
| Industry | Power and sensing semiconductors |
| Employees | 22,600+ [3] |
ON Semiconductor Company Profile: Revenue, Business Model & Strategy
"onsemi matters because its products sit inside electric vehicles, industrial automation, image sensors, and the power systems feeding AI infrastructure. The latest refresh updates revenue to $6.00B, CEO to Hassane El-Khoury, employee count to 22,600, and source links to current primary disclosures."
Why ON Semiconductor Corporation Wins
power semiconductor expertise, automotive qualification cycles, silicon carbide capability, and a broad power-plus-sensing portfolio.
ON Semiconductor Corporation operates in a competitive market alongside Texas Instruments Inc., Lattice Semiconductor Corporation, Intel Corporation, NVIDIA Corporation, Broadcom Inc.. Analysts frequently compare ON Semiconductor Corporation and Texas Instruments Inc. due to their overlapping products, target markets, and strategic positioning.
onsemi reported $6.00B in 2025 revenue; CEO: Hassane El-Khoury; employees: about 22,600.
Revenue
$6.0B
Founded
1999
Employees
23K+
Market Cap
$22.5B
Key Facts
- Founded: ON Semiconductor Corporation was established in 1999 and is headquartered in Scottsdale, Arizona, United States.
- Revenue: ON Semiconductor Corporation reported $8.3B in annual revenue (2023).
- Valuation: Market capitalization of approximately $22.5B.
- Scale: ON Semiconductor Corporation employs 22,600 people globally.
- Business Model: onsemi makes money from power semiconductors, silicon carbide devices, analog and mixed-signal chips, image sensors.
- Competitive Edge: onsemi's competitive advantage comes from power semiconductor expertise, automotive qualification cycles, silicon.
How ON Semiconductor Corporation Makes Money
Capital Allocation & Scaling Mechanics
onsemi makes money from power semiconductors, silicon carbide devices, analog and mixed-signal chips, image sensors, and long automotive and industrial design wins. The economics depend on manufacturing utilization, automotive design wins, silicon carbide mix, industrial demand, pricing discipline. Customers choose the company because automotive and industrial customers need qualified chips that improve power efficiency, sensing, and system reliability over long product cycles. Management is trying to widen that advantage through silicon carbide growth, automotive power, intelligent sensing, manufacturing efficiency, AI data-center power.
Explore ON Semiconductor Corporation In Depth
What Is ON Semiconductor Corporation's Growth Strategy?
onsemi's growth strategy is focused on silicon carbide growth, automotive power, intelligent sensing, manufacturing efficiency, AI data-center power.
onsemi's growth strategy is focused on silicon carbide growth, automotive power, intelligent sensing, manufacturing efficiency, AI data-center power. The goal is to convert customer demand into durable revenue while protecting the operational or technical advantages that made the company important in the first place.
How Much Revenue Does ON Semiconductor Corporation Generate?
ON Semiconductor Corporation generated $6.0B in annual revenue for fiscal year 2025, with a market capitalization of $22.5B, employing 23K+ people globally.
onsemi reported $5.995 billion of revenue for FY2025, compared with $7.082 billion in FY2024. In the same period, net income was $121.0 million. onsemi has approximately 22,600 regular full-time employees as of December 31, 2025. The source basis is onsemi FY2025 Form 10-K.
| Financial Metric | Estimated Value (2026) |
|---|---|
| Market Capitalization | $22.5B |
| Employee Count | 22,600 + |
| Latest Annual Revenue | $8.3B (2023) |
Historical Revenue Chart
ON Semiconductor Corporation Annual Revenue History
Verified annual revenue figures from SEC filings and official earnings reports. All figures in USD.
| Fiscal Year | Annual Revenue | YoY Change |
|---|---|---|
| FY2023 | $8.3B | N/A |
| FY2024 | $7.1B | -14.2% |
| FY2025 | $6.0B | -15.3% |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Who Are ON Semiconductor Corporation's Main Competitors?
ON Semiconductor Corporation's main competitors include Texas Instruments Inc., Lattice Semiconductor Corporation, Intel Corporation, NVIDIA Corporation, and others in the industry.
onsemi competes most visibly with Infineon, STMicroelectronics, Texas Instruments, Analog Devices, NVIDIA. Its position depends on whether customers keep valuing power semiconductor expertise, automotive qualification cycles, silicon carbide capability, and a broad power-plus-sensing portfolio more than cheaper, broader, or more specialized alternatives. The market is competitive, but onsemi's current strategy is built around silicon carbide growth, automotive power, intelligent sensing, manufacturing efficiency, AI data-center power.
| Top Competitors | Head-to-Head Analysis |
|---|
What Is ON Semiconductor Corporation's Full Historical Timeline?
Historical Timeline & Strategic Pivots
Key Milestones
1999 - Spin-off From Motorola
ON Semiconductor was formed from Motorola Semiconductor Products Sector.
2016 - Fairchild Semiconductor Acquisition
The Fairchild deal deepened onsemi power semiconductor scale and customer reach.
2020 - Hassane El-Khoury Appointed CEO
Hassane El-Khoury became President and CEO and led the strategic shift toward higher-value power and sensing markets.
2025 - $5.995B FY2025 Revenue
onsemi reported $5.995 billion of revenue and $121.0 million of net income attributable to onsemi for FY2025.
Risks & Weaknesses
Analytical AssessmentPrimary Risk Factor
semiconductor cycles, EV demand swings, manufacturing underutilization, China exposure, and pricing pressure in silicon carbide.
Risk assessment based on public filings, SWOT analysis, and verified industry data. Not financial advice.
How Did ON Semiconductor Corporation Start and Grow?
Established
1999
Fiscal Revenue
$8.3B
Workforce
23K+
HQ Location
Scottsdale, Arizona, United States
: The Strategic Shift That Created a Behemoth
ON Semiconductor acquired Fairchild Semiconductor for $2.4 billion, pivoting from a diversified commodity semiconductor supplier to a focused power and sensing leader. The acquisition added critical power semiconductor expertise and transformed the company's market position from mid-tier to top-10 non-memory supplier.
Explore ON Semiconductor In Depth
Detailed research across every dimension of ON Semiconductor — history, financials, leadership, and strategy.
Company History
onsemi sits in Power and sensing semiconductors, where scale, execution quality, customer trust, and capital allocation determine who keeps pricing power. onsemi trades on the NASDAQ under the ticker ON.
Full ON Semiconductor history →Revenue & Financials
ON Semiconductor reported $6.0B in revenue for fiscal year 2025. Data covers 3 fiscal years. Market capitalization stands at approximately $23B.
ON Semiconductor financials →Founders
ON Semiconductor was founded by Motorola Semiconductor Products Sector spin-off in 1999 in Scottsdale, Arizona, United States. Explore each founder's background, motivations, and their role in building the company.
ON Semiconductor founders →CEO & Leadership
ON Semiconductor is currently led by Hassane El-Khoury. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.
ON Semiconductor CEO history →Business Model
onsemi makes money from power semiconductors, silicon carbide devices, analog and mixed-signal chips, image sensors, and long automotive and industrial design wins.
How ON Semiconductor makes money →Acquisitions
ON Semiconductor has completed 3 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.
ON Semiconductor acquisitions →Competitive Strategy
onsemi's growth strategy is focused on silicon carbide growth, automotive power, intelligent sensing, manufacturing efficiency, AI data-center power.
ON Semiconductor strategy →Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.
Frequently Asked Questions About ON Semiconductor
How many employees does onsemi have?
onsemi has about approximately 22,600 regular full-time employees as of December 31, 2025.
How does onsemi make money?
onsemi makes money from power semiconductors, silicon carbide devices, analog and mixed-signal chips, image sensors, and long automotive and industrial design wins.
Who competes with onsemi?
onsemi competes with Infineon, STMicroelectronics, Texas Instruments, Analog Devices, NVIDIA and other companies in Power and sensing semiconductors.
What is onsemi's strategy?
onsemi's strategy centers on silicon carbide growth, automotive power, intelligent sensing, manufacturing efficiency, AI data-center power.
Analysis: How ON Semiconductor Corporation Makes Money
Deep dive into the ON Semiconductor Corporation business model, revenue streams, and strategic moats in 2026.
Competitor Benchmarking
Compare
Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->
Explore More Brand Histories
This corporate intelligence report on ON Semiconductor Corporation compiles data from verified filings. Explore more detailed brand histories and company histories in the global Power and sensing semiconductors marketplace.
Editorial Methodology
Our research methodology involves cross-referencing SEC Edgar filings, official investor relations disclosures, and primary annual reports. We prioritize primary data over secondary media reports to ensure the highest degree of financial accuracy. Each profile is reviewed for editorial depth and word-count compliance (minimum 1,200 words) before publication.
Every financial metric and strategic milestone is cross-referenced against official SEC filings (10-K, 10-Q), annual reports, and verified corporate press releases.
Software tools help organize public data, then Swet Parvadiya reviews the narrative for strategic context, source quality, and clarity.
Before publication, every intelligence report undergoes a technical audit for factual consistency, citation accuracy, and objective neutrality.
Explore Related Pages for ON Semiconductor Corporation
Sources & References
The data and narrative synthesized in this intelligence report were verified against primary sources:
- [1]SEC EDGAR: ON Semiconductor Corporation Annual Filings (10-K, 8-K)
- [2]ON Semiconductor Corporation Corporate Website
- [3]ON Semiconductor Corporation Annual Report 2025 - Revenue and Financial Data
- [4]sec.gov
- [5]investor.onsemi.com
- [6]onsemi.com