Filing Flows › On Semiconductor (ON) › Q2 2025
On Semiconductor (ON) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
On Semiconductor (ON) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), -15% from a year earlier and +2% from the quarter before. Operating margin was 13.2%, net earnings $172M (11.7% of revenue).
On Semiconductor, Q2 2025: revenue $1.5B (-15% year over year), operating margin 13.2%, net earnings $172M, operating cash flow $184M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +2% | -15% |
| Gross profit | $552M | +88% | -30% |
| Operating profit | $193M | — | -50% |
| Net earnings | $172M | — | -49% |
| Operating cash flow | $184M | -69% | -49% |
| Free cash flow | $106M | — | -52% |
What changed
Revenue was $1.5B in Q2 2025, down 15% year over year and up 2% from the previous quarter. Power Solutions Group was the largest line at 48% of revenue. Power Solutions Group lost $0.14B year over year (down 16%), 51% of the total change.
Gross margin was 37.6%, down 7.6 points from a year earlier. Operating profit was $0.19B, a 13.2% margin (down 9.2 points year over year). Operating expenses fell 9% while revenue fell 15%. Net earnings were $0.17B, down 50% year over year. The effective tax rate was 15.1%.
Operating cash flow was $0.18B (down 49% year over year), 107% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.18B. After a ($0.08B), free cash flow as the company reports it was $0.11B.
Questions
What was On Semiconductor's revenue in the second quarter 2025?
On Semiconductor (ON) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), -15% from a year earlier and +2% from the quarter before.
Was On Semiconductor profitable in the second quarter 2025?
Operating profit was $193M (13.2% of revenue) and net earnings $172M.
Source: On Semiconductor 10-Q on SEC EDGAR.