Filing Flows › On Semiconductor (ON) › Q3 2025
On Semiconductor (ON) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
On Semiconductor (ON) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), -12% from a year earlier and +6% from the quarter before. Operating margin was 17.0%, net earnings $255M (16.5% of revenue).
On Semiconductor, Q3 2025: revenue $1.6B (-12% year over year), operating margin 17.0%, net earnings $255M, operating cash flow $419M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +6% | -12% |
| Gross profit | $587M | +6% | -27% |
| Operating profit | $264M | +37% | -41% |
| Net earnings | $255M | +49% | -37% |
| Operating cash flow | $419M | +127% | -10% |
| Free cash flow | $372M | — | +22% |
What changed
Revenue was $1.6B in Q3 2025, down 12% year over year and up 6% from the previous quarter. Power Solutions Group was the largest line at 48% of revenue. Power Solutions Group lost $0.09B year over year (down 11%), 44% of the total change.
Gross margin was 37.9%, down 7.5 points from a year earlier. Operating profit was $0.26B, a 17.0% margin (down 8.2 points year over year). Operating expenses fell 9% while revenue fell 12%. Net earnings were $0.26B, down 37% year over year. The effective tax rate was 6.5%.
Operating cash flow was $0.42B (down 10% year over year), 164% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.02B. After a) ($0.05B), free cash flow as the company reports it was $0.37B.
Questions
What was On Semiconductor's revenue in the third quarter 2025?
On Semiconductor (ON) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), -12% from a year earlier and +6% from the quarter before.
Was On Semiconductor profitable in the third quarter 2025?
Operating profit was $264M (17.0% of revenue) and net earnings $255M.
Source: On Semiconductor 10-Q on SEC EDGAR.