ON SEMICONDUCTOR CORP
For the period ended Dec 31, 2025. Filed Feb 9, 2026.
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FY2025 · Filed Feb 9, 2026
ON$69.61+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income
(in millions, except per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $5,995.4 | $7,082.3 | $8,253.0 |
| Cost of revenue | 4,011.5 | 3,866.2 | 4,369.5 |
| Gross profit | 1,983.9 | 3,216.1 | 3,883.5 |
| Operating expenses: | |||
| Research and development | 583.6 | 612.7 | 577.3 |
| Selling and marketing | 255.9 | 273.5 | 279.1 |
| General and administrative | 348.9 | 376.3 | 362.4 |
| Amortization of intangible assets | 44.4 | 52.0 | 51.1 |
| Restructuring, asset impairments and other, net | 666.9 | 133.9 | 74.9 |
| Total operating expenses | 1,899.7 | 1,448.4 | 1,344.8 |
| Operating income | 84.2 | 1,767.7 | 2,538.7 |
| Other income (expense), net: | |||
| Interest expense | (70.9) | (62.3) | (74.8) |
| Interest income | 95.1 | 111.4 | 93.1 |
| Loss on debt refinancing and prepayment | — | — | (13.3) |
| Loss on divestiture of businesses | — | — | (0.7) |
| Other income (expense), net | 22.9 | 20.6 | (7.2) |
| Other income (expense), net | 47.1 | 69.7 | (2.9) |
| Income before income taxes | 131.3 | 1,837.4 | 2,535.8 |
| Income tax provision | (7.7) | (262.8) | (350.2) |
| Net income | 123.6 | 1,574.6 | 2,185.6 |
| Less: Net income attributable to non-controlling interest | (2.6) | (1.8) | (1.9) |
| Net income attributable to ON Semiconductor Corporation | $121.0 | $1,572.8 | $2,183.7 |
| Net income for diluted earnings per share of common stock (Note 10) | $121.0 | $1,572.8 | $2,185.0 |
| Net income per share of common stock attributable to ON Semiconductor Corporation: | |||
| Basic | $0.29 | $3.68 | $5.07 |
| Diluted | $0.29 | $3.63 | $4.89 |
| Weighted-average shares of common stock outstanding: | |||
| Basic | 411.0 | 427.4 | 430.7 |
| Diluted | 411.8 | 432.7 | 446.8 |
| Comprehensive income, net of tax: | |||
| Net income | $123.6 | $1,574.6 | $2,185.6 |
| Foreign currency translation adjustments | 0.4 | (3.4) | (2.1) |
| Effects of cash flow hedges | 6.5 | (13.8) | (19.9) |
| Other comprehensive income (loss), net of tax | 6.9 | (17.2) | (22.0) |
| Comprehensive income | 130.5 | 1,557.4 | 2,163.6 |
| Comprehensive income attributable to non-controlling interest | (2.6) | (1.8) | (1.9) |
| Comprehensive income attributable to ON Semiconductor Corporation | $127.9 | $1,555.6 | $2,161.7 |
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