Free cash flow
ON Semiconductor Free cash flow decreased by 55.3% to $217.20M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 52.2%, from $454.70M to $217.20M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows relatively stable performance with a 1.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $383.20M | $355.70M | $457.00M | $304.80M | $202.70M | $731.30M | $389.30M | $87.40M | -$39.80M | $133.60M | $220.70M | $276.30M | $207.70M | $293.60M | $434.80M | $454.70M | $106.10M | $372.40M | $485.40M | $217.20M |
| QoQ Change | — | -7.2% | +28.5% | -33.3% | -33.5% | +260.8% | -46.8% | -77.5% | -145.5% | +435.7% | +65.2% | +25.2% | -24.8% | +41.4% | +48.1% | +4.6% | -76.7% | +251.0% | +30.3% | -55.3% |
| YoY Change | — | — | — | — | -47.1% | +105.6% | -14.8% | -71.3% | -119.6% | -81.7% | -43.3% | +216.1% | +621.9% | +119.8% | +97.0% | +64.6% | -48.9% | +26.8% | +11.6% | -52.2% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is ON Semiconductor's free cash flow?
- ON Semiconductor (ON) reported free cash flow of $217.20M in Q1 2026.
- How has ON Semiconductor's free cash flow changed year-over-year?
- ON Semiconductor's free cash flow decreased by 52.2% year-over-year, from $454.70M to $217.20M.
- What is the long-term trend for ON Semiconductor's free cash flow?
- Over 4 years (2021 to 2025), ON Semiconductor's free cash flow has grown at a 1.5% compound annual growth rate (CAGR), from $1.34B to $1.42B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.