ON SEMICONDUCTOR CORP（ON）の決算・業績分析
ON SEMICONDUCTOR CORPの2025年有価証券報告書をAI分析。売上高$6.0B(-15.3%)。営業利益$84M。Information Technology。
目次
ON SEMICONDUCTOR CORPの2025年度 業績サマリー
ON SEMICONDUCTOR CORP（証券コード: ON）の2025年度決算・業績分析。売上高は$6.0B（前年比-15.3%）。営業利益は$84M（前年比-95.2%）。純利益は$121M（前年比-92.3%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
ON SEMICONDUCTOR CORPの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged 23.5% YoY to $8.3B (XBRL), driven by strong demand in automotive and industrial markets.
- Net income grew 88.4% YoY to $1.9B (XBRL), supported by improved operating margins (28.3%) and cost efficiencies.
- Net debt stood at -$376M (-0.1x EBITDA) (XBRL), reflecting robust liquidity and disciplined capital structure management.
- ROE reached 24.4% (XBRL), outpacing ROA (14.4%) and ROIC (13.7%), highlighting effective equity utilization.
ON SEMICONDUCTOR CORPの売上高変化の要因
- •Revenue grew from $5.9B in FY2020 to $8.3B in FY2024, reflecting a 7.0% CAGR over five years (XBRL). The FY2024 revenue of $8.3B represents a 23.5% YoY increase, driven by expansion in automotive and industrial infrastructure. Operating income surged 83.3% YoY to $2.4B (XBRL), with net income rising 88.4% YoY to $1.9B (XBRL). The growth is attributed to the acquisition of SiC JFET technology, which enhances PSG's power portfolio (10-K), and strong demand for electrification and advanced vehicle safety solutions.
ON SEMICONDUCTOR CORPの営業利益変化の要因
- •Gross margin remained stable at 49.0% (XBRL), while operating margin expanded to 28.3% (XBRL), up from prior years. Net margin improved to 22.9% (XBRL), reflecting efficient cost management. EBITDA reached $2.9B (35.0% of revenue) (XBRL), demonstrating strong profitability. Operating income grew 83.3% YoY (from $1.3B in FY2023 to $2.4B in FY2024) (XBRL), and net income increased 88.4% YoY (from $1.0B in FY2023 to $1.9B in FY2024) (XBRL).
ON SEMICONDUCTOR CORPの事業リスクと対応
Operational disruptions from reliance on third-party manufacturers and suppliers could delay production and harm revenue (10-K).
Manufacturing efficiency depends on interdependent processes, with risks from public health crises or failures in rationalization plans (10-K).
Supply chain risks due to limited qualified suppliers for critical components, risking delays or cost increases (10-K).
Inaccurate demand forecasts in supplier agreements may lead to overcommitments or supply shortages (10-K).
Single-source facilities for certain products pose risks of production cessation if disrupted (10-K).
ON SEMICONDUCTOR CORPの事業内容
ON Semiconductor Corp (ON) is a global leader in intelligent power and sensing solutions for automotive and industrial markets, focusing on electrification, efficient systems, and advanced vehicle safety (10-K). The company operates through three key segments: Power Solutions Group (PSG), Analog and Mixed-Signal Group (AMG), and Intelligent Sensing Group (ISG). PSG provides power technologies for automotive and industrial applications, while AMG develops analog components and systems, and ISG delivers imaging and depth sensing solutions. The 2025 acquisition of SiC JFET technology strengthens PSG's power portfolio (10-K). Competitive advantages include integrated sensing and power technologies for superior efficiency, lower costs, and reduced weight (10-K). However, the company faced workforce reductions in 2023 (1,900 terminations) and 2024 (1,200 terminations) (10-K), though exact employee counts remain undisclosed.
ON SEMICONDUCTOR CORPのAI業績分析レポート（2024年度）
Highlights
Business Overview
ON Semiconductor Corp (ON) is a global leader in intelligent power and sensing solutions for automotive and industrial markets, focusing on electrification, efficient systems, and advanced vehicle safety (10-K). The company operates through three key segments: Power Solutions Group (PSG), Analog and Mixed-Signal Group (AMG), and Intelligent Sensing Group (ISG). PSG provides power technologies for automotive and industrial applications, while AMG develops analog components and systems, and ISG delivers imaging and depth sensing solutions. The 2025 acquisition of SiC JFET technology strengthens PSG's power portfolio (10-K). Competitive advantages include integrated sensing and power technologies for superior efficiency, lower costs, and reduced weight (10-K). However, the company faced workforce reductions in 2023 (1,900 terminations) and 2024 (1,200 terminations) (10-K), though exact employee counts remain undisclosed.
Revenue Analysis
Revenue grew from $5.9B in FY2020 to $8.3B in FY2024, reflecting a 7.0% CAGR over five years (XBRL). The FY2024 revenue of $8.3B represents a 23.5% YoY increase, driven by expansion in automotive and industrial infrastructure. Operating income surged 83.3% YoY to $2.4B (XBRL), with net income rising 88.4% YoY to $1.9B (XBRL). The growth is attributed to the acquisition of SiC JFET technology, which enhances PSG's power portfolio (10-K), and strong demand for electrification and advanced vehicle safety solutions.
Profitability Analysis
Gross margin remained stable at 49.0% (XBRL), while operating margin expanded to 28.3% (XBRL), up from prior years. Net margin improved to 22.9% (XBRL), reflecting efficient cost management. EBITDA reached $2.9B (35.0% of revenue) (XBRL), demonstrating strong profitability. Operating income grew 83.3% YoY (from $1.3B in FY2023 to $2.4B in FY2024) (XBRL), and net income increased 88.4% YoY (from $1.0B in FY2023 to $1.9B in FY2024) (XBRL).
Balance Sheet Analysis
Equity ratio stood at 58.9% (XBRL), with total equity rising to $7.8B in FY2024 (XBRL). Long-term debt was $2.5B (XBRL), resulting in a net debt of -$376M (-0.1x EBITDA) (XBRL). Current ratio was 2.71x (XBRL), indicating strong liquidity. Cash reserves totaled $2.9B (XBRL), supporting financial flexibility.
Cash Flow Analysis
Operating cash flow reached $2.6B (XBRL), with free cash flow (FCF) of $1.6B (XBRL), calculated as operating cash flow ($2.6B) minus capital expenditures ($1.0B) (XBRL). Capital expenditures totaled $1.0B (XBRL), with depreciation and amortization at $552M (XBRL). Share repurchases amounted to $260M (XBRL), contributing to shareholder returns.
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 5.9B | 5.5B | 5.3B | 6.7B | 8.3B | 8.3B |
| Operating Income | 847M | 433M | 349M | 1.3B | 2.4B | 2.5B |
| Net Income | 627M | 212M | 234M | 1.0B | 1.9B | 2.2B |
| Total Assets | 8.4B | 8.7B | 9.6B | 12.0B | 13.2B | 14.1B |
| Total Equity | 3.3B | 3.5B | 4.6B | 6.2B | 7.8B | 8.8B |
| Operating Cash Flow | 1.3B | 695M | 884M | 1.8B | 2.6B | 2.0B |
Information Technologyの企業一覧
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