Filing Flows › On Semiconductor (ON) › Q4 2025
On Semiconductor (ON) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 9, 2026
On Semiconductor (ON) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -1% from the quarter before. Operating margin was 13.1%, net earnings $182M (11.9% of revenue).
On Semiconductor, Q4 2025: revenue $1.5B (-11% year over year), operating margin 13.1%, net earnings $182M, operating cash flow $554M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -1% | -11% |
| Gross profit | $551M | -6% | -29% |
| Operating profit | $200M | -24% | -51% |
| Net earnings | $182M | -29% | -52% |
| Operating cash flow | $554M | +32% | -4% |
| Free cash flow | $485M | — | +15% |
What changed
Revenue was $1.5B in Q4 2025, down 11% year over year and down 1% from the previous quarter. PSG was the largest line at 47% of revenue.
Gross margin was 36.0%, down 9.2 points from a year earlier. Operating profit was $0.20B, a 13.1% margin (down 10.6 points year over year). Operating expenses fell 5% while revenue fell 11%. The fastest-growing cost line was Other operating costs (+57%). Net earnings were $0.18B, down 52% year over year. The effective tax rate was 16.3%.
Operating cash flow was $0.55B (down 4% year over year), 305% of net earnings. Non-cash charges added back $0.21B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.12B. After a) ($0.07B), free cash flow as the company reports it was $0.49B.
Questions
What was On Semiconductor's revenue in the fourth quarter 2025?
On Semiconductor (ON) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -1% from the quarter before.
Was On Semiconductor profitable in the fourth quarter 2025?
Operating profit was $200M (13.1% of revenue) and net earnings $182M.
Source: On Semiconductor 10-K on SEC EDGAR.