ON Semiconductor (ON): Net Margin Falls to 7.3%, Undercutting Bullish Narratives on Quality of Earnings
ON Semiconductor (ON) reported net profit margins of 7.3% for the twelve months ending July 2025, marking a significant drop from last year’s 24.8%. Earnings growth turned negative over the past year, impacted by a substantial one-off loss of $634.2 million, even though the company achieved a robust 21.7% average annual earnings growth over the last five years.