ON ON Semiconductor margins

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Relative Growth: Rel. Growth: 50
Relative Strength: Rel. Strength: 48
Relative Valuation: Rel. Valuation: 49
Relative Profitability: Rel. Profitability: 67
Gross margin
38.7%
Operating margin
12.3%
EBITDA margin
26.3%
Net margin
10.8%

Based on the latest figures, ON Semiconductor reports a gross margin of 38.7%, an operating margin of 12.3%, an EBITDA margin of 26.3%, and a net margin of 10.8%. EBITDA margin headed the improvement across the available margins, gaining by 9.2 percentage points.

ON margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, ON Semiconductor recorded average margins of 40.99% gross, 16.51% operating, 28.22% EBITDA, and 14.88% net. Each of the four current margins is below its three-year average.

ON margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by EBITDA margin with an increase of 9.2 percentage points.

Gross margin expansion
3pp
Operating margin expansion
7.6pp
EBITDA margin expansion
9.2pp
Net margin expansion
5.6pp

ON Gross margin

Over the last 3 years, the average gross margin for ON Semiconductor was 40.99%. Compared with its three-year average, ON Semiconductor's current gross margin is 38.7% and is 2.3 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 16.51% across the last 3 years. ON Semiconductor currently reports an operating margin of 12.3%, 4.2 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 28.22%. ON Semiconductor's current EBITDA margin is 26.3% and is 1.9 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 14.88% over the last 3 years. The latest net margin for ON Semiconductor is 10.8%, 4.1 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 38.7%, ON stands below the Technology sector and the industry average. Compared to its Technology sector average of 52.5%, ON Semiconductor's gross margin is 26% lower.

ON margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is ON Semiconductor's gross margin?

As of Oct 2, 2026, ON has a gross margin of 38.7%.

What is ON Semiconductor's operating margin?

For the period ending Oct 2, 2026, ON recorded an operating margin of 12.3%.

What is ON Semiconductor's EBITDA margin?

The current EBITDA margin for ON is 26.3% as of Oct 2, 2026.

What is ON Semiconductor's net margin?

As of Oct 2, 2026, ON has a net margin of 10.8%.

What are the average margins of ON?

Over the last 3 years, ON Semiconductor's margins averaged 41.0% gross, 16.5% operating, 28.2% EBITDA, and 14.9% 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.