/

Company exports

Pro company pages include CSV downloads for statements, ratios, chart data, and transcript indexes.

CSV downloads

DC Infra·ON

ON Semiconductor Corporation

NASDAQ · US

Power and sensing semiconductor supplier with silicon carbide, MOSFET, IGBT, and power-management products.

AI relevance

Power semiconductor exposure for efficient data center power systems and electrification. Also has robotics sensing exposure through image sensors, power devices, and intelligent sensing products.

DC Infra Robotics Other Sensing

Price

$73.23

Change

-3.71 (-4.82%)

Market cap

$28.5B

52w range

$45–$135

Exchange

NASDAQ

Country

Jason's Chips

Subscribe or sign in with your Substack email for charts, exports, estimates, transcripts, filings, earnings, and news.

Subscribe to Jason's Chips Sign in

Price chart

ON market performance

Daily close for ON Semiconductor Corporation

Latest close: $73.23
Range move: +$21.30 (+41.0%)
Range high: $133.9
Range low: $44.90
Latest volume: 12.5M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1254 rows

Five years of daily close and volume data powering the company chart.

Download

Transcript list

81 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$100.00

+36.6%

Target range

$62.00 - $150.00

Rating mix

Buy

47 ratings

Next FY revenue

$6.56B

2026-12-31

Next FY EPS

$3.20

$2.99 - $3.34

Rating consensus47 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$6.56B	$6.52B - $6.67B	$3.20	$2.99 - $3.34	$2.23B	$1.54B	$1.27B	$570.3M	23 rev / 20 EPS
2027-12-31	$7.41B	$7.24B - $7.63B	$4.52	$4.02 - $4.84	$2.82B	$2.11B	$1.76B	$644.3M	24 rev / 21 EPS
2028-12-31	$8.41B	$8.03B - $9.29B	$5.87	$5.49 - $6.70	$3.49B	$2.74B	$2.30B	$731.5M	18 rev / 10 EPS
2029-12-31	$9.74B	$9.47B - $10.12B	$7.28	$7.02 - $7.65	$4.35B	$3.54B	$3.00B	$847.3M	10 rev / 4 EPS
2030-12-31	$10.81B	$10.51B - $11.23B	$9.00	$8.67 - $9.46	$5.24B	$4.36B	$3.71B	$940.2M	9 rev / 4 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-01-03	$1.74B	$1.71B - $1.81B	$0.96	$0.92 - $1.03	$608.1M	$462.5M	$386.7M	$151.1M	18 rev / 19 EPS
2027-04-03	$1.74B	$1.68B - $1.82B	$0.97	$0.93 - $1.04	$619.0M	$471.3M	$394.3M	$151.2M	9 rev / 8 EPS
2027-07-03	$1.82B	$1.75B - $1.91B	$1.08	$1.03 - $1.15	$670.6M	$520.5M	$436.7M	$158.1M	9 rev / 8 EPS
2027-10-03	$1.91B	$1.85B - $2.00B	$1.21	$1.16 - $1.29	$735.0M	$582.1M	$489.9M	$166.4M	14 rev / 15 EPS
2028-01-03	$1.95B	$1.88B - $2.04B	$1.28	$1.22 - $1.36	$769.9M	$614.2M	$517.6M	$169.4M	8 rev / 15 EPS
2028-04-03	$1.92B	$1.86B - $2.02B	$1.26	$1.20 - $1.34	$764.0M	$605.7M	$510.2M	$167.4M	8 rev / 11 EPS
2028-07-03	$2.03B	$1.96B - $2.12B	$1.40	$1.34 - $1.49	$832.6M	$671.3M	$566.9M	$176.2M	11 rev / 9 EPS
2028-10-03	$2.14B	$2.06B - $2.24B	$1.55	$1.48 - $1.65	$905.6M	$740.8M	$626.9M	$186.0M	8 rev / 9 EPS

Price target history

Window	Targets	Average target
Last month	1	$80.00
Last quarter	11	$84.91
Last year	26	$95.38
All time	113	$84.30

Sources: StreetInsider, Benzinga, Pulse 2.0, Investing

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-21	Susquehanna	Maintain	Positive	Positive
2026-10-19	TD Cowen	Maintain	Hold	Hold
2026-10-05	Stifel	Maintain	Hold	Hold
2026-10-02	Needham	Maintain	Buy	Buy
2026-10-02	Wells Fargo	Maintain	Overweight	Overweight
2026-09-18	Truist Securities	Maintain	Hold	Hold
2026-09-17	Stifel	Maintain	Hold	Hold
2026-09-17	Cantor Fitzgerald	Maintain	Neutral	Neutral

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-10-01	2	13	16	0	0
2026-09-01	2	12	16	0	0
2026-08-01	2	11	18	0	0
2026-07-01	1	10	18	0	0
2026-06-01	1	13	19	0	0
2026-05-01	1	13	19	1	1
2026-04-01	1	13	23	1	1
2026-03-01	2	10	23	0	0

FinancialsFY 2025

Financials

Revenue

$6.00B

Gross margin

33.1%

Operating income

$84.2M

Free cash flow

$1.42B

Cash + ST investments

$2.55B

Net debt

$1.32B

ROE

1.6%

ROIC

0.7%

EV / sales

3.9x

EV / EBITDA

26.5x

R&D / revenue

9.7%

Current ratio

4.5x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$6.00B	$1.98B	33.1%	$583.6M	$84.2M	$888.2M	$121.0M	$0.29
FY 2024	$7.08B	$3.22B	45.4%	$612.7M	$1.77B	$2.54B	$1.57B	$3.68
FY 2023	$8.25B	$3.88B	47.1%	$577.3M	$2.54B	$3.22B	$2.18B	$5.07
FY 2022	$8.33B	$4.08B	49.0%	$600.2M	$2.36B	$3.01B	$1.90B	$4.39
FY 2021	$6.74B	$2.71B	40.3%	$655.0M	$1.29B	$1.88B	$1.01B	$2.37
FY 2020	$5.25B	$1.72B	32.7%	$642.9M	$348.7M	$970.1M	$234.2M	$0.57
FY 2019	$5.52B	$1.97B	35.8%	$640.9M	$632.5M	$1.02B	$211.7M	$0.52
FY 2018	$5.88B	$2.24B	38.1%	$650.7M	$858.3M	$1.39B	$627.4M	$1.48
FY 2017	$5.54B	$2.04B	36.7%	$594.7M	$715.5M	$1.17B	$810.7M	$1.92
FY 2016	$3.91B	$1.30B	33.3%	$446.8M	$282.2M	$690.0M	$182.1M	$0.44
FY 2015	$3.50B	$1.19B	34.1%	$396.7M	$274.2M	$627.1M	$206.2M	$0.49
FY 2014	$3.16B	$1.08B	34.3%	$366.6M	$269.0M	$494.8M	$189.7M	$0.44

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$1.76B	$341.2M	$1.42B
FY 2024	$1.91B	$694.0M	$1.21B
FY 2023	$1.98B	$1.54B	$438.4M
FY 2022	$2.63B	$1.04B	$1.60B
FY 2021	$1.78B	$492.0M	$1.29B
FY 2020	$884.3M	$383.6M	$400.7M
FY 2019	$694.7M	$534.6M	$60.1M
FY 2018	$1.27B	$514.8M	$759.4M
FY 2017	$1.09B	$387.5M	$706.7M
FY 2016	$581.1M	$212.9M	$368.2M
FY 2015	$470.6M	$272.2M	$198.4M
FY 2014	$481.3M	$204.3M	$277.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$2.55B	$955.4M	$1.99B	$3.39B	$12.52B	$3.47B	$1.32B	$4.83B	$7.67B
FY 2024	$2.99B	$1.16B	$2.24B	$4.40B	$14.09B	$3.37B	$675.6M	$5.28B	$8.80B
FY 2023	$2.48B	$935.4M	$2.11B	$4.44B	$13.22B	$3.36B	$876.8M	$5.41B	$7.78B
FY 2022	$2.92B	$842.3M	$1.62B	$3.50B	$11.98B	$3.23B	$311.7M	$5.77B	$6.19B
FY 2021	$1.35B	$809.4M	$1.38B	$2.55B	$9.63B	$3.10B	$1.74B	$5.02B	$4.59B
FY 2020	$1.08B	$676.0M	$1.25B	$2.51B	$8.67B	$3.49B	$2.41B	$5.11B	$3.54B
FY 2019	$894.2M	$705.0M	$1.23B	$2.59B	$8.43B	$3.61B	$2.72B	$5.10B	$3.30B
FY 2018	$1.07B	$686.0M	$1.23B	$2.55B	$7.59B	$2.77B	$1.70B	$4.39B	$3.17B
FY 2017	$949.2M	$701.5M	$1.09B	$2.28B	$7.20B	$2.95B	$2.00B	$4.39B	$2.78B
FY 2016	$1.03B	$629.8M	$1.03B	$2.16B	$6.92B	$3.62B	$2.59B	$5.08B	$1.82B
FY 2015	$617.6M	$426.4M	$750.4M	$1.27B	$3.87B	$1.39B	$776.3M	$2.24B	$1.61B
FY 2014	$517.8M	$417.5M	$729.9M	$1.20B	$3.85B	$1.19B	$680.0M	$2.19B	$1.63B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	33.1%	1.4%	2.0%	4.5x	3.0x	1.6%	0.7%	3.9x	26.5x	6.4%	9.7%	187d
FY 2024	45.4%	25.0%	22.2%	5.1x	3.4x	17.9%	11.9%	3.9x	10.9x	4.5%	8.7%	217d
FY 2023	47.1%	30.8%	26.5%	2.7x	1.7x	28.1%	18.5%	4.5x	11.4x	1.2%	7.0%	157d
FY 2022	49.0%	28.3%	22.8%	2.8x	2.0x	30.7%	18.9%	3.3x	9.1x	5.9%	7.2%	103d
FY 2021	40.3%	19.1%	15.0%	2.5x	1.6x	22.0%	13.6%	4.5x	16.3x	4.5%	9.7%	111d
FY 2020	32.7%	6.6%	4.5%	1.9x	1.1x	6.6%	4.6%	3.0x	16.3x	3.0%	12.2%	117d
FY 2019	35.8%	11.5%	3.8%	1.7x	1.0x	6.4%	6.7%	2.3x	12.5x	0.6%	11.6%	118d
FY 2018	38.1%	14.6%	10.7%	2.2x	1.3x	19.8%	11.4%	1.5x	6.2x	10.9%	11.1%	98d
FY 2017	36.7%	12.9%	14.6%	2.1x	1.3x	29.2%	11.9%	2.0x	9.3x	8.0%	10.7%	103d
FY 2016	33.3%	7.2%	4.7%	1.9x	1.2x	10.0%	4.7%	2.0x	11.4x	6.9%	11.4%	142d
FY 2015	34.1%	7.8%	5.9%	1.5x	0.9x	12.8%	8.2%	1.4x	7.8x	4.8%	11.3%	110d
FY 2014	34.3%	8.5%	6.0%	1.7x	1.0x	11.6%	8.9%	1.6x	10.4x	6.2%	11.6%	110d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-15.3%	-38.3%	-4.7%	-95.2%	-92.3%	-92.1%	+17.0%	+50.8%	-14.8%	-11.3%	-11.1%	+3.0%
FY 2024	-14.2%	-17.2%	+6.1%	-30.4%	-28.0%	-27.4%	+176.6%	+54.9%	+20.5%	+6.2%	+6.6%	+0.2%
FY 2023	-0.9%	-4.8%	-3.8%	+7.6%	+14.8%	+15.5%	-72.6%	-48.6%	-14.9%	+30.6%	+10.3%	+4.0%
FY 2022	+23.5%	+50.2%	-8.4%	+83.3%	+88.4%	+85.2%	+23.8%	-110.6%	+115.8%	+17.2%	+24.4%	+4.3%
FY 2021	+28.3%	+58.2%	+1.9%	+269.3%	+331.1%	+315.8%	+221.9%	-1.7%	+25.2%	+10.2%	+11.1%	-11.3%
FY 2020	-4.8%	-13.1%	+0.3%	-44.9%	+10.6%	+9.6%	+566.7%	+23.8%	+20.9%	+1.5%	+2.9%	-3.4%
FY 2019	-6.1%	-11.8%	-1.5%	-26.3%	-66.3%	-64.9%	-92.1%	-23.3%	-16.4%	+0.6%	+11.0%	+30.6%
FY 2018	+6.0%	+10.0%	+9.4%	+20.0%	-22.6%	-22.9%	+7.5%	-32.9%	+12.7%	+12.5%	+5.5%	-6.3%
FY 2017	+41.9%	+56.5%	+33.1%	+153.5%	+345.2%	+336.4%	+91.9%	-82.0%	-7.7%	+5.8%	+3.9%	-18.5%
FY 2016	+11.8%	+9.0%	+12.6%	+2.9%	-11.7%	-10.2%	+85.6%	+21.8%	+66.5%	+37.3%	+78.9%	+159.9%
FY 2015	+10.6%	+10.0%	+8.2%	+1.9%	+8.7%	+11.4%	-28.4%	-33.2%	+19.3%	+2.8%	+0.6%	+17.0%
FY 2014	+13.6%	+16.8%	+9.7%	+11.1%	+26.1%	+18.9%	+62.2%	-30.5%	-17.2%	+19.3%	+18.1%	+26.5%

SegmentsFY 2025

Revenue Mix

Period	Total	Power Solutions Group	Analog Solutions Group	Intelligent Sensing Group	PSG	Standard Products Group	AMG	Automotive Industrial Medical And Mil Aero	System Solutions Group	Image Sensor Group	ISG
FY 2025	$6.00B	--	--	--	$2.81B	--	$2.26B	--	--	--	$928.4M
FY 2024	$7.08B	$3.35B	$2.61B	$1.13B	--	--	--	--	--	--	--
FY 2023	$8.25B	$4.45B	$2.49B	$1.32B	--	--	--	--	--	--	--
FY 2022	$8.33B	$4.21B	$2.84B	$1.28B	--	--	--	--	--	--	--
FY 2021	$6.74B	$3.44B	$2.40B	$900.8M	--	--	--	--	--	--	--
FY 2020	$5.25B	$2.61B	$1.91B	$738.5M	--	--	--	--	--	--	--
FY 2019	$5.52B	$2.79B	$1.97B	$757.3M	--	--	--	--	--	--	--
FY 2018	$5.88B	$3.04B	$2.07B	$768.9M	--	--	--	--	--	--	--
FY 2017	$4.77B	$2.82B	$1.95B	--	--	--	--	--	--	--	--
FY 2016	$3.19B	$1.71B	$1.48B	--	--	--	--	--	--	--	--
FY 2015	$3.50B	--	--	--	--	$1.22B	--	$1.06B	$506.9M	$717.3M	--
FY 2014	$3.16B	--	--	--	--	$1.21B	--	$1.07B	$574.9M	$306.1M	--

Period	Total	Hong Kong	Singapore	United Kingdom	United States	HONG KONG	SINGAPORE	Other	Other Geographical Areas	UNITED STATES	UNITED KINGDOM	JAPAN	Other Asia And Pacific
FY 2025	$530.6M	--	--	--	--	--	--	--	$530.6M	--	--	--	--
FY 2024	$7.08B	$1.78B	$1.73B	$1.64B	$1.31B	--	--	$624.5M	--	--	--	--	--
FY 2023	$8.25B	$2.17B	$1.94B	$1.75B	$1.57B	--	--	$818.5M	--	--	--	--	--
FY 2022	$8.33B	$2.32B	$2.13B	$1.49B	$1.46B	--	--	$919.5M	--	--	--	--	--
FY 2021	$6.74B	$1.83B	$2.10B	$1.12B	$931.6M	--	--	$758.2M	--	--	--	--	--
FY 2020	$609.4M	--	--	--	--	--	--	--	$609.4M	--	--	--	--
FY 2019	$655.6M	--	--	--	--	--	--	--	$655.6M	--	--	--	--
FY 2018	$625.0M	--	--	--	--	--	--	--	$625.0M	--	--	--	--
FY 2017	$5.54B	--	--	--	--	$1.78B	$1.47B	--	--	$748.8M	$668.8M	$429.0M	$444.6M
FY 2016	$3.91B	--	--	--	--	$1.09B	$1.11B	--	--	$588.4M	$541.1M	$334.5M	$245.7M
FY 2015	$3.50B	--	--	--	--	$874.4M	$1.12B	--	--	$544.3M	$503.2M	$281.7M	$171.5M
FY 2014	$3.16B	--	--	--	--	$975.3M	$786.5M	--	--	$497.0M	$497.9M	$293.1M	$112.0M

Transcripts

Events

Next earnings

2026-11-02EPS est $0.88

Recent filings

SC 13G/A2026-10-07
42026-10-02
42026-10-02

Latest news

ON ALERT: Rogue AI bots reportedly discovered in customer accounts at major banks
Fox Business · 2026-10-23
One Semiconductor Stock That Could Surprise Investors in 2027
24/7 Wall Street · 2026-10-21

Analyst expectations

Consensus target

$100.00

+36.6%

Target range

$62.00 - $150.00

Rating mix

Buy

47 ratings

Next FY revenue

$6.56B

2026-12-31

Next FY EPS

$3.20

$2.99 - $3.34

Rating consensus47 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$6.56B	$6.52B - $6.67B	$3.20	$2.99 - $3.34	$2.23B	$1.54B	$1.27B	$570.3M	23 rev / 20 EPS
2027-12-31	$7.41B	$7.24B - $7.63B	$4.52	$4.02 - $4.84	$2.82B	$2.11B	$1.76B	$644.3M	24 rev / 21 EPS
2028-12-31	$8.41B	$8.03B - $9.29B	$5.87	$5.49 - $6.70	$3.49B	$2.74B	$2.30B	$731.5M	18 rev / 10 EPS
2029-12-31	$9.74B	$9.47B - $10.12B	$7.28	$7.02 - $7.65	$4.35B	$3.54B	$3.00B	$847.3M	10 rev / 4 EPS
2030-12-31	$10.81B	$10.51B - $11.23B	$9.00	$8.67 - $9.46	$5.24B	$4.36B	$3.71B	$940.2M	9 rev / 4 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-01-03	$1.74B	$1.71B - $1.81B	$0.96	$0.92 - $1.03	$608.1M	$462.5M	$386.7M	$151.1M	18 rev / 19 EPS
2027-04-03	$1.74B	$1.68B - $1.82B	$0.97	$0.93 - $1.04	$619.0M	$471.3M	$394.3M	$151.2M	9 rev / 8 EPS
2027-07-03	$1.82B	$1.75B - $1.91B	$1.08	$1.03 - $1.15	$670.6M	$520.5M	$436.7M	$158.1M	9 rev / 8 EPS
2027-10-03	$1.91B	$1.85B - $2.00B	$1.21	$1.16 - $1.29	$735.0M	$582.1M	$489.9M	$166.4M	14 rev / 15 EPS
2028-01-03	$1.95B	$1.88B - $2.04B	$1.28	$1.22 - $1.36	$769.9M	$614.2M	$517.6M	$169.4M	8 rev / 15 EPS
2028-04-03	$1.92B	$1.86B - $2.02B	$1.26	$1.20 - $1.34	$764.0M	$605.7M	$510.2M	$167.4M	8 rev / 11 EPS
2028-07-03	$2.03B	$1.96B - $2.12B	$1.40	$1.34 - $1.49	$832.6M	$671.3M	$566.9M	$176.2M	11 rev / 9 EPS
2028-10-03	$2.14B	$2.06B - $2.24B	$1.55	$1.48 - $1.65	$905.6M	$740.8M	$626.9M	$186.0M	8 rev / 9 EPS

Price target history

Window	Targets	Average target
Last month	1	$80.00
Last quarter	11	$84.91
Last year	26	$95.38
All time	113	$84.30

Sources: StreetInsider, Benzinga, Pulse 2.0, Investing

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-21	Susquehanna	Maintain	Positive	Positive
2026-10-19	TD Cowen	Maintain	Hold	Hold
2026-10-05	Stifel	Maintain	Hold	Hold
2026-10-02	Needham	Maintain	Buy	Buy
2026-10-02	Wells Fargo	Maintain	Overweight	Overweight
2026-09-18	Truist Securities	Maintain	Hold	Hold
2026-09-17	Stifel	Maintain	Hold	Hold
2026-09-17	Cantor Fitzgerald	Maintain	Neutral	Neutral

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-10-01	2	13	16	0	0
2026-09-01	2	12	16	0	0
2026-08-01	2	11	18	0	0
2026-07-01	1	10	18	0	0
2026-06-01	1	13	19	0	0
2026-05-01	1	13	19	1	1
2026-04-01	1	13	23	1	1
2026-03-01	2	10	23	0	0

Financials

Revenue

$6.00B

Gross margin

33.1%

Operating income

$84.2M

Free cash flow

$1.42B

Cash + ST investments

$2.55B

Net debt

$1.32B

ROE

1.6%

ROIC

0.7%

EV / sales

3.9x

EV / EBITDA

26.5x

R&D / revenue

9.7%

Current ratio

4.5x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$6.00B	$1.98B	33.1%	$583.6M	$84.2M	$888.2M	$121.0M	$0.29
FY 2024	$7.08B	$3.22B	45.4%	$612.7M	$1.77B	$2.54B	$1.57B	$3.68
FY 2023	$8.25B	$3.88B	47.1%	$577.3M	$2.54B	$3.22B	$2.18B	$5.07
FY 2022	$8.33B	$4.08B	49.0%	$600.2M	$2.36B	$3.01B	$1.90B	$4.39
FY 2021	$6.74B	$2.71B	40.3%	$655.0M	$1.29B	$1.88B	$1.01B	$2.37
FY 2020	$5.25B	$1.72B	32.7%	$642.9M	$348.7M	$970.1M	$234.2M	$0.57
FY 2019	$5.52B	$1.97B	35.8%	$640.9M	$632.5M	$1.02B	$211.7M	$0.52
FY 2018	$5.88B	$2.24B	38.1%	$650.7M	$858.3M	$1.39B	$627.4M	$1.48
FY 2017	$5.54B	$2.04B	36.7%	$594.7M	$715.5M	$1.17B	$810.7M	$1.92
FY 2016	$3.91B	$1.30B	33.3%	$446.8M	$282.2M	$690.0M	$182.1M	$0.44
FY 2015	$3.50B	$1.19B	34.1%	$396.7M	$274.2M	$627.1M	$206.2M	$0.49
FY 2014	$3.16B	$1.08B	34.3%	$366.6M	$269.0M	$494.8M	$189.7M	$0.44

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$1.76B	$341.2M	$1.42B
FY 2024	$1.91B	$694.0M	$1.21B
FY 2023	$1.98B	$1.54B	$438.4M
FY 2022	$2.63B	$1.04B	$1.60B
FY 2021	$1.78B	$492.0M	$1.29B
FY 2020	$884.3M	$383.6M	$400.7M
FY 2019	$694.7M	$534.6M	$60.1M
FY 2018	$1.27B	$514.8M	$759.4M
FY 2017	$1.09B	$387.5M	$706.7M
FY 2016	$581.1M	$212.9M	$368.2M
FY 2015	$470.6M	$272.2M	$198.4M
FY 2014	$481.3M	$204.3M	$277.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$2.55B	$955.4M	$1.99B	$3.39B	$12.52B	$3.47B	$1.32B	$4.83B	$7.67B
FY 2024	$2.99B	$1.16B	$2.24B	$4.40B	$14.09B	$3.37B	$675.6M	$5.28B	$8.80B
FY 2023	$2.48B	$935.4M	$2.11B	$4.44B	$13.22B	$3.36B	$876.8M	$5.41B	$7.78B
FY 2022	$2.92B	$842.3M	$1.62B	$3.50B	$11.98B	$3.23B	$311.7M	$5.77B	$6.19B
FY 2021	$1.35B	$809.4M	$1.38B	$2.55B	$9.63B	$3.10B	$1.74B	$5.02B	$4.59B
FY 2020	$1.08B	$676.0M	$1.25B	$2.51B	$8.67B	$3.49B	$2.41B	$5.11B	$3.54B
FY 2019	$894.2M	$705.0M	$1.23B	$2.59B	$8.43B	$3.61B	$2.72B	$5.10B	$3.30B
FY 2018	$1.07B	$686.0M	$1.23B	$2.55B	$7.59B	$2.77B	$1.70B	$4.39B	$3.17B
FY 2017	$949.2M	$701.5M	$1.09B	$2.28B	$7.20B	$2.95B	$2.00B	$4.39B	$2.78B
FY 2016	$1.03B	$629.8M	$1.03B	$2.16B	$6.92B	$3.62B	$2.59B	$5.08B	$1.82B
FY 2015	$617.6M	$426.4M	$750.4M	$1.27B	$3.87B	$1.39B	$776.3M	$2.24B	$1.61B
FY 2014	$517.8M	$417.5M	$729.9M	$1.20B	$3.85B	$1.19B	$680.0M	$2.19B	$1.63B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	33.1%	1.4%	2.0%	4.5x	3.0x	1.6%	0.7%	3.9x	26.5x	6.4%	9.7%	187d
FY 2024	45.4%	25.0%	22.2%	5.1x	3.4x	17.9%	11.9%	3.9x	10.9x	4.5%	8.7%	217d
FY 2023	47.1%	30.8%	26.5%	2.7x	1.7x	28.1%	18.5%	4.5x	11.4x	1.2%	7.0%	157d
FY 2022	49.0%	28.3%	22.8%	2.8x	2.0x	30.7%	18.9%	3.3x	9.1x	5.9%	7.2%	103d
FY 2021	40.3%	19.1%	15.0%	2.5x	1.6x	22.0%	13.6%	4.5x	16.3x	4.5%	9.7%	111d
FY 2020	32.7%	6.6%	4.5%	1.9x	1.1x	6.6%	4.6%	3.0x	16.3x	3.0%	12.2%	117d
FY 2019	35.8%	11.5%	3.8%	1.7x	1.0x	6.4%	6.7%	2.3x	12.5x	0.6%	11.6%	118d
FY 2018	38.1%	14.6%	10.7%	2.2x	1.3x	19.8%	11.4%	1.5x	6.2x	10.9%	11.1%	98d
FY 2017	36.7%	12.9%	14.6%	2.1x	1.3x	29.2%	11.9%	2.0x	9.3x	8.0%	10.7%	103d
FY 2016	33.3%	7.2%	4.7%	1.9x	1.2x	10.0%	4.7%	2.0x	11.4x	6.9%	11.4%	142d
FY 2015	34.1%	7.8%	5.9%	1.5x	0.9x	12.8%	8.2%	1.4x	7.8x	4.8%	11.3%	110d
FY 2014	34.3%	8.5%	6.0%	1.7x	1.0x	11.6%	8.9%	1.6x	10.4x	6.2%	11.6%	110d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-15.3%	-38.3%	-4.7%	-95.2%	-92.3%	-92.1%	+17.0%	+50.8%	-14.8%	-11.3%	-11.1%	+3.0%
FY 2024	-14.2%	-17.2%	+6.1%	-30.4%	-28.0%	-27.4%	+176.6%	+54.9%	+20.5%	+6.2%	+6.6%	+0.2%
FY 2023	-0.9%	-4.8%	-3.8%	+7.6%	+14.8%	+15.5%	-72.6%	-48.6%	-14.9%	+30.6%	+10.3%	+4.0%
FY 2022	+23.5%	+50.2%	-8.4%	+83.3%	+88.4%	+85.2%	+23.8%	-110.6%	+115.8%	+17.2%	+24.4%	+4.3%
FY 2021	+28.3%	+58.2%	+1.9%	+269.3%	+331.1%	+315.8%	+221.9%	-1.7%	+25.2%	+10.2%	+11.1%	-11.3%
FY 2020	-4.8%	-13.1%	+0.3%	-44.9%	+10.6%	+9.6%	+566.7%	+23.8%	+20.9%	+1.5%	+2.9%	-3.4%
FY 2019	-6.1%	-11.8%	-1.5%	-26.3%	-66.3%	-64.9%	-92.1%	-23.3%	-16.4%	+0.6%	+11.0%	+30.6%
FY 2018	+6.0%	+10.0%	+9.4%	+20.0%	-22.6%	-22.9%	+7.5%	-32.9%	+12.7%	+12.5%	+5.5%	-6.3%
FY 2017	+41.9%	+56.5%	+33.1%	+153.5%	+345.2%	+336.4%	+91.9%	-82.0%	-7.7%	+5.8%	+3.9%	-18.5%
FY 2016	+11.8%	+9.0%	+12.6%	+2.9%	-11.7%	-10.2%	+85.6%	+21.8%	+66.5%	+37.3%	+78.9%	+159.9%
FY 2015	+10.6%	+10.0%	+8.2%	+1.9%	+8.7%	+11.4%	-28.4%	-33.2%	+19.3%	+2.8%	+0.6%	+17.0%
FY 2014	+13.6%	+16.8%	+9.7%	+11.1%	+26.1%	+18.9%	+62.2%	-30.5%	-17.2%	+19.3%	+18.1%	+26.5%

Revenue Mix