On Semiconductor $ON Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up ON SEMICONDUCTOR CORPORATION ($ON). Last filing: 8-K (8.01 Other Events), 2026-08-13. 13 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $6.0B (FY2025), total debt $3.0B. Experience: revenue down 15.3% on the year, down 2.9% a year over 4 years; operating margin 1.4%, down from 25.0%. Soundness: equity 61.3% of assets, return on equity 1.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $4.2B and $6.3B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $3.6B to $7.3B. A statistical range, not company guidance. Against peers (63 filers, $50M+ revenue, semiconductors & related devices): operating margin 1.4% against a 2.4% median; growth -15.3% against 15.5%.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $1.8B · −$539M · −$1.8B · $1.4B |
| Investment book (cash · short · long) | $2.1B · $400M · — · current ratio 4.52 |
| Revenue swing · equity of assets | 17.6% · 61.3% |
On Semiconductor is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $6.0B |
| Revenue, on the year | −15.3% |
| Revenue, a year over the record | −2.9% |
| Operating margin | 1.4% |
| Operating margin, prior year | 25.0% |
| Net margin | 2.1% |
| Research and development | $584M · 9.7% of revenue |
| Total debt | $3.0B |
| Equity of assets | 61.3% |
| Return on equity | 1.6% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $0.29 |
| Book value per share | $18.63 |
| Revenue per share | $14.56 |
| Shares outstanding | 411,800,000 |
| Audited years read | 5 |
Peers: the median of 63 filers with $50M+ revenue in semiconductors & related devices.
Health HarborOn Semiconductor sails as: Weathered boat
Health watch · 12 monthsMaterial impairmentDirector or officer change ×3
Sailing speed follows growth: -10.4% a year crosses the harbor in 111 seconds.
🌊 Visit the Bay →- filed material impairment in the last 12 months
- slow and jumpy: growing slower than its size class, with revenue that swings more
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-08-13 · 8.01 Other Events
- 10-Q · 2026-08-03
- 8-K · 2026-08-03 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-25 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 8-K · 2026-05-18 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders
- 8-K · 2026-05-12 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 8.01 Other Events; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company