ON ON Semiconductor margins

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Relative Growth: Rel. Growth: 37
Relative Strength: Rel. Strength: 50
Relative Valuation: Rel. Valuation: 36
Relative Profitability: Rel. Profitability: 59
Gross margin
37.7%
Operating margin
10.8%
EBITDA margin
25.3%
Net margin
10.2%

Based on the latest figures, ON Semiconductor reports a gross margin of 37.7%, an operating margin of 10.8%, an EBITDA margin of 25.3%, and a net margin of 10.2%. EBITDA margin headed the available margin improvements with a 5.7 percentage-point increase, while gross margin dropped by 0.2 percentage points.

ON margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, ON Semiconductor recorded average margins of 41.2% gross, 16.89% operating, 28.39% EBITDA, and 15.25% net. Each of the four current margins is below its three-year average.

ON margin expansion

Year-over-year margin changes in percentage points

The largest positive change was in EBITDA margin, up 5.7 percentage points. Operating margin also expanded by 3.4 percentage points and Net margin also expanded by 2.9 percentage points, while gross margin contracted by 0.2 percentage points.

Gross margin expansion
-0.2pp
Operating margin expansion
3.4pp
EBITDA margin expansion
5.7pp
Net margin expansion
2.9pp

ON Gross margin

Over the last 3 years, the average gross margin for ON Semiconductor was 41.2%. Compared with its three-year average, ON Semiconductor's current gross margin is 37.7% and is 3.5 percentage points below its three-year average. ON Semiconductor's gross margin ranged from a low of 33.1% in Dec 2025 to a high of 47.1% in Dec 2023.

ON Operating margin

ON Semiconductor recorded an average operating margin of 16.89% across the last 3 years. ON Semiconductor currently reports an operating margin of 10.8%, 6.1 percentage points below its three-year average. Over the last 3 years, ON Semiconductor's operating margin peaked at 30.8% in Dec 2023 and reached a low of 1.4% in Dec 2025.

ON EBITDA margin

Looking back over the last 3 years, ON Semiconductor recorded an average EBITDA margin of 28.39%. ON Semiconductor's current EBITDA margin is 25.3% and is 3.1 percentage points below its three-year average. The highest EBITDA margin for ON Semiconductor was 39.4% in Mar 2024, while the lowest was 14.8% in Dec 2025.

ON Net margin

The average net margin for ON Semiconductor was 15.25% over the last 3 years. The latest net margin for ON Semiconductor is 10.2%, 5.1 percentage points below its three-year average. The net margin for ON Semiconductor moved between 2% in Dec 2025 and 26.7% in Mar 2024.

ON margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 37.7%, ON stands below the Technology sector and the industry average. Compared to its Technology sector average of 52.2%, ON Semiconductor's gross margin is 28% lower.

ON margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is ON Semiconductor's gross margin?

As of Jul 3, 2026, ON has a gross margin of 37.7%.

What is ON Semiconductor's operating margin?

For the period ending Jul 3, 2026, ON recorded an operating margin of 10.8%.

What is ON Semiconductor's EBITDA margin?

The current EBITDA margin for ON is 25.3% as of Jul 3, 2026.

What is ON Semiconductor's net margin?

As of Jul 3, 2026, ON has a net margin of 10.2%.

What are the average margins of ON?

Over the last 3 years, ON Semiconductor's margins averaged 41.2% gross, 16.9% operating, 28.4% EBITDA, and 15.3% net.

What are the highest historical margins of ON?

Across the 5-year period, ON posted its highest margins at 49% gross in Dec 2022, 31.6% operating in Sep 2023, 40.2% EBITDA in Sep 2023, and 26.7% net in Mar 2024.

What are the lowest historical margins of ON?

Over the last 5 years, ON Semiconductor's lowest margins were 33.1% gross in Dec 2025, 1.4% operating in Dec 2025, 14.8% EBITDA in Dec 2025, and 2% net in Dec 2025.