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ON Semiconductor Corporation

Power and sensing semiconductorsFounded 1999
Reviewed by Swet Parvadiya
Company data updated: October 2026
Independent Editorial Analysis
10 historical events · Editorial analysis

onsemi Company Profile: Revenue, Business Model & Strategy

Research depth: 10 milestones · 10 FAQs

onsemi (Nasdaq: ON) reported $5.995 billion of revenue in 2025 and $1.604 billion in Q2 2026. Hassane El-Khoury has been CEO since December 2020, and the company had about 22,600 employees at the end of 2025.

How onsemi makes money: onsemi makes money by selling semiconductors to automakers, tier-1 suppliers, industrial equipment makers and data center power-supply builders, largely through distributors and direct design wins.

Revenue & employeesCEO historyFoundersBusiness model
Annual Revenue (FY2025)$6B
Employees22,600
CEOHassane El-Khoury
Founded1999
IndustrySemiconductors
By Swet ParvadiyaLast reviewed:
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Data sources: annual reports, SEC filings, methodology
Industry:Power and sensing semiconductors

ON Semiconductor Corporation key figures

ON Semiconductor Corporation had revenue of $6B for fiscal year 2025, down 15.3% from FY2024. Net income was $121M, a net margin of 2.0%.

Source: ON SEMICONDUCTOR CORPORATION annual report (Form 10-K, SEC EDGAR, filed 2026-02-09) · Last reviewed October 2026

Revenue growth, FY2016 to FY2025
+4.9% a year
Compound annual rate, $3.9B to $6B
Peak revenue year
FY2022
$8.3B; the latest reported year is 28.0% below the peak
Revenue per employee
$265,283
FY2025 revenue divided by 22,600 employees; headcount may use another date
Current chief executive
Hassane El-Khoury
In the role since 2020 (6 years)
Documented transactions
5
Between 2016 and 2026
Founded
1999
27 years ago
Where was onsemi founded?
onsemi was founded in Phoenix, Arizona, United States in 1999.
When did onsemi start?
onsemi was founded in 1999.
Who founded onsemi?
onsemi was founded by Motorola Semiconductor Products Sector.
How old is onsemi?
onsemi is 27 years old as of 2026.
In-Depth Analysis
174 words · 1 min read

onsemi was formed in August 1999 when Motorola spun off its Semiconductor Components Group in a buyout backed by Texas Pacific Group. Operating as ON Semiconductor, it sold standard analog, logic and discrete parts and listed on Nasdaq in 2000.

Growth through acquisitions

Under CEO Keith Jackson (2002-2020) the company bought AMI Semiconductor (2008), SANYO Semiconductor (2011), Aptina Imaging (2014) and Fairchild Semiconductor for about $2.4 billion (2016). Aptina built its image-sensor business and Fairchild made power devices its largest product line.

The El-Khoury reset

Hassane El-Khoury became CEO in December 2020, renamed the company onsemi in 2021, bought GT Advanced Technologies for about $415 million to secure silicon carbide crystal supply, and began exiting low-margin products and sub-scale fabs. Revenue reached $8.33 billion in 2022.

Downturn and recovery

Automotive and industrial inventory corrections cut revenue to $7.08 billion in 2024 and $5.995 billion in 2025. In 2026 sales recovered to $1.604 billion in Q2, helped by AI data center power demand, and onsemi agreed to buy Synaptics for about $7 billion in stock.

Table of Contents

ON Semiconductor Corporation Key Facts

CompanyON Semiconductor Corporation
Annual revenue change-15.3% (FY2024–FY2025)
Financials$6B (FY2025, last reviewed October 2026)
Market Cap$27.7B
FY2025 net income$121.0M
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded1999
Founder(s)Motorola Semiconductor Products Sector
CEOHassane El-Khoury
HeadquartersScottsdale, Arizona, United States
IndustryPower and sensing semiconductors
Employees22,600+

onsemi Company Profile: Revenue, Business Model & Strategy

"onsemi's chips sit in electric vehicles, factory robots, car cameras and AI server power supplies. After two years of falling sales, revenue grew 9% year over year to $1.604 billion in Q2 2026, and a $7 billion all-stock bid for Synaptics would be its largest deal ever."

Why ON Semiconductor Corporation Wins

vertically integrated silicon carbide supply, long automotive qualification cycles, and a combined 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. See full comparison →

onsemi (Nasdaq: ON) reported $5.995 billion of revenue in 2025 and $1.604 billion in Q2 2026. Hassane El-Khoury has been CEO since December 2020, and the company had about 22,600 employees at the end of 2025.

Revenue

$6.0B

Founded

1999

Employees

23K+

Market Cap

$27.7B

Author: CorpDigest Research DeskCompany Research

Explore onsemi In Depth

Detailed research across every dimension of onsemi — history, financials, leadership, and strategy.

Company History

onsemi does not build headline AI processors; it builds the chips that convert and control electricity and the sensors that let machines see.

Full onsemi history →

Revenue & Financials

onsemi had $6B in revenue for fiscal year 2025. Data covers 10 fiscal years. Market capitalization stands at approximately $28B.

onsemi financials →

Founders

onsemi was founded by Motorola Semiconductor Products Sector in 1999. Explore each founder's background, motivations, and their role in building the company.

onsemi founders →

CEO & Leadership

onsemi is currently led by Hassane El-Khoury. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

onsemi CEO history →

Business Model

onsemi makes money by selling semiconductors to automakers, tier-1 suppliers, industrial equipment makers and data center power-supply builders, largely through distributors and direct design wins.

How onsemi makes money →

Acquisitions

onsemi has completed 5 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

onsemi acquisitions →

Competitive Strategy

Management is widening onsemi beyond EV traction inverters into AI data center power (aided by the 2025 Qorvo SiC JFET and Aura Vcore deals), industrial and energy infrastructure, and "physical AI" edge devices through…

onsemi strategy →

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 Research Profile

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.

About the Author →Our Methodology →

Frequently Asked Questions About onsemi

What does onsemi do?

onsemi (ON Semiconductor Corporation, Nasdaq: ON) designs and manufactures power semiconductors, silicon carbide devices, analog and mixed-signal chips and CMOS image sensors, mainly for automotive, industrial and AI data center customers. It is headquartered in Scottsdale, Arizona.

How does onsemi make money?

onsemi sells chips to automakers, tier-1 suppliers, industrial equipment makers and data center power-supply companies, directly and through distributors. Revenue comes from three groups: Power Solutions, Analog and Mixed-Signal, and Intelligent Sensing. Total 2025 revenue was $5.995 billion.

Who is the CEO of onsemi?

Hassane El-Khoury has been President and CEO of onsemi since December 2020. He previously ran Cypress Semiconductor. Thad Trent has been CFO since February 2021.

Who owns onsemi?

onsemi is a publicly traded company listed on Nasdaq under the ticker ON, so it is owned by its shareholders, largely institutional investors such as index and mutual fund managers. It has no controlling parent. Its market value was roughly $27.7 billion in early September 2026.

What was onsemi's revenue in 2025?

onsemi reported revenue of $5.995 billion for 2025, down 15.3% from $7.082 billion in 2024, with GAAP net income of $121.0 million.

How is onsemi doing in 2026?

Revenue grew to $1.51 billion in Q1 2026 and $1.604 billion in Q2 2026, up 9% year over year, with Q2 GAAP net income of $226.8 million. The company guided Q3 2026 revenue to $1.65 billion to $1.75 billion.

Is onsemi buying Synaptics?

Yes. On June 25, 2026, onsemi agreed to acquire Synaptics in an all-stock transaction with an enterprise value of about $7 billion, its largest deal to date, to expand into edge AI and "physical AI" systems. The deal was pending as of September 2026.

Who are onsemi's competitors?

Main competitors include Infineon Technologies, STMicroelectronics, Texas Instruments, Analog Devices, NXP Semiconductors and Wolfspeed in power and analog chips, and Sony and OmniVision in image sensors.

How many employees does onsemi have?

onsemi had approximately 22,600 regular full-time employees as of December 31, 2025, according to its annual report.

Who owns ON Semiconductor?

ON Semiconductor operates as a fully independent, publicly traded company, though it originally started as a division of Motorola before being spun off in 1999.

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

ON Semiconductor Corporation vs Texas Instruments Inc.

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Strategic Head-to-Head

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.

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Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Explore Related Pages for ON Semiconductor Corporation

History & FailuresTimeline, setbacks, and key milestonesBusiness ModelHow they make money and market productsFinancialsRevenue history and fiscal metricsCompetitive StrategyRivals, benchmarks, and SWOT analysis

Sources & References

The data and narrative synthesized in this intelligence report were verified against primary sources:

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.