ON Semiconductor Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,995	7,082	8,253	8,326	6,740
Revenue Growth (YoY)	-15.35%	-14.19%	-0.88%	23.54%	28.26%
Cost of Revenue	3,698	3,866	4,370	4,225	4,026
Gross Profit	2,298	3,216	3,884	4,102	2,714
Selling, General & Admin	604.1	648.5	656.5	608.7	574.6
Research & Development	583.6	612.7	577.3	600.2	655
Amortization of Goodwill & Intangibles	44.4	52	51.1	81.2	99
Other Operating Expenses	0.7	3.8	-5.9	-	0.6
Operating Expenses	1,233	1,317	1,279	1,290	1,329
Operating Income	1,065	1,899	2,605	2,812	1,385
Interest Expense	-70.9	-62.3	-74.8	-94.9	-130.4
Interest & Investment Income	95.1	120.9	93.1	15.5	1.4
Currency Exchange Gain (Loss)	5.5	0.9	-7.9	-0.7	-0.8
Other Non Operating Income (Expenses)	16.7	-3	8.8	-	-5
EBT Excluding Unusual Items	1,111	1,956	2,624	2,732	1,250
Merger & Restructuring Charges	-979.8	-130.1	-80.8	-456.5	-67.5
Gain (Loss) on Sale of Assets	-	-	-0.7	101.8	10.2
Asset Writedown	-	-	-	-4	-3.3
Legal Settlements	-	-	-	-3.5	-
Other Unusual Items	-	11.9	-6.4	-7.1	-29
Pretax Income	131.3	1,837	2,536	2,362	1,158
Income Tax Expense	7.7	262.8	350.2	458.4	146.6
Earnings From Continuing Operations	123.6	1,575	2,186	1,904	1,011
Minority Interest in Earnings	-2.6	-1.8	-1.9	-1.6	-1.6
Net Income	121	1,573	2,184	1,902	1,010
Net Income to Common	121	1,573	2,184	1,902	1,010
Net Income Growth	-92.31%	-27.98%	14.80%	88.41%	331.08%
Shares Outstanding (Basic)	411	427	431	433	426
Shares Outstanding (Diluted)	412	433	447	448	444
Shares Change (YoY)	-4.83%	-3.16%	-0.31%	0.99%	5.97%
EPS (Basic)	0.29	3.68	5.07	4.39	2.37
EPS (Diluted)	0.29	3.63	4.89	4.25	2.27
EPS Growth	-92.01%	-25.77%	15.11%	86.76%	306.23%
Free Cash Flow	1,419	1,212	438.4	1,597	1,290
Free Cash Flow Per Share	3.44	2.80	0.98	3.56	2.91
Gross Margin	38.32%	45.41%	47.06%	49.26%	40.27%
Operating Margin	17.76%	26.82%	31.56%	33.77%	20.55%
Profit Margin	2.02%	22.21%	26.46%	22.85%	14.98%
Free Cash Flow Margin	23.66%	17.12%	5.31%	19.18%	19.14%
EBITDA	1,751	2,542	3,214	3,363	1,982
EBITDA Margin	29.20%	35.89%	38.94%	40.39%	29.40%
D&A For EBITDA	686	642.9	609.5	551.8	596.7
EBIT	1,065	1,899	2,605	2,812	1,385
EBIT Margin	17.76%	26.82%	31.56%	33.77%	20.55%
Effective Tax Rate	5.86%	14.30%	13.81%	19.41%	12.66%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.