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ON Semiconductor ON Research and development expense

Research and development expense at other companies

Monolithic Power Systems logo
Monolithic Power SystemsMPWR
$100.57M+9.0%

Other financials

Income statement

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Revenue$1.5B+4.7%
Gross profit$583.1M+98.5%
Operating income-$53.4M+90.7%
Net income-$33.4M+93.1%
EPS (diluted)-$0.08+93.0%

Balance sheet

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Cash & equivalents$2.0B-27.5%
Total debt$3.2B-11.1%
Total equity$7.3B-9.1%
Total assets$12.0B-9.4%

Cash flow

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Operating cash flow$239.1M-60.3%
CapEx$21.9M-85.2%
Free cash flow$217.2M-52.2%

Valuation

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Market cap$33.79B+37.8%
Enterprise value$35.03B+36.7%
P/E58.9×+6.3×
P/S5.6×+1.7×

Profitability

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Gross margin37.5%-2.4pp
Operating margin10%-0.1pp
Net margin9.5%0.0pp
FCF margin19.5%-1.6pp

Returns & leverage

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Return on equity7.5%-0.4pp
Debt / equity0.4×0.0×
Current ratio4.9×-0.1×

Where this comes from

Reported directly by ON Semiconductor in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The official record: ON Semiconductor’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ON Semiconductor's research and development expense?
ON Semiconductor (ON) reported research and development expense of $144.3M in Q1 2026.
How has ON Semiconductor's research and development expense changed year-over-year?
ON Semiconductor's research and development expense decreased by 12.1% year-over-year, from $164.1M to $144.3M.
What is the long-term trend for ON Semiconductor's research and development expense?
Over 4 years (2021 to 2025), ON Semiconductor's research and development expense has grown at a -2.8% compound annual growth rate (CAGR), from $655M to $583.6M.
What does research and development expense mean?
Research and development expenses represent the costs incurred to discover new knowledge, develop new products, or improve existing technologies. For a semiconductor company, this is a vital investment in maintaining a competitive edge in power electronics and sensor innovation. These costs are typically expensed as incurred to support long-term growth.