Slide 1: Quarterly Investor Presentation Second Quarter 2025
Quarterly Investor Presentation Second Quarter 2025 © onsemi 2025 | Public Information © onsemi 2025 | Public Information | 1
Slide 2: Safe Harbor Statement and Non-GAAP and Forecast Information
Safe Harbor Statement and Non-GAAP and Forecast Information This presentation includes “forward-looking statements,” as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statem
Slide 3: Second Quarter 2025 Financial & Business Update
Second Quarter 2025 Financial & Business Update © onsemi 2025 | Public Information © onsemi 2025 | Public Information | 3 3
Slide 4: Q2'25 Highlights
Q2’25 Highlights Revenue and gross margin Returned 107% of Free Cash exceed mid-point of Flow YTD to shareholders guidance through share repurchases China Silicon Carbide Signs of stabilization across revenue doubled Q/Q driven end-markets by ramp of new vehicles Treo funnel expanded 2X Q/Q Shipped
Slide 5: Non-GAAP Financial Performance
Non-GAAP Financial Performance Gross Operating Diluted LTM Free Revenue Margin Margin EPS Cash Flow $1.47B 37.6% 17.3% $0.53 20.1% +2% Q/Q -240 bps Q/Q -90 bps Q/Q -$0.02 Q/Q -90 bps Q/Q Automotive Industrial Other $733m Revenue $406m Revenue $329m Revenue 4% Q/Q 2% Q/Q 16% Q/Q Our earnings release
Slide 6: Q3'25 Guidance Highlights
Q3’25 Guidance Highlights Revenue GM OPEX EPS GAAP: GAAP: GAAP: GAAP: $1,465 to $1,565m 36.4% to 38.4% $294 to $309m $0.51 to $0.61 Non-GAAP: Non-GAAP: Non-GAAP: Non-GAAP: $1,465 to $1,565m 36.5% to 38.5% $280 to $295m $0.54 to $0.64 Our earnings release and this presentation include certain non-GAA
Slide 7: About onsemi
About onsemi © onsemi 2025 | Public Information © onsemi 2025 | Public Information | 7 7
Slide 8: onsemi at a glance
onsemi at a glance Our Mission We push innovation to create intelligent power and sensing technologies that solve the most challenging customer problems Our employees are inspired to go above and beyond to increase stakeholder value through high quality and high value products and services $7.1B 500
Slide 9: Accelerating Shareholder Value
Accelerating Shareholder Value Revenue Growth Free Cash Flow • Sustainable Ecosystem to drive • Significant growth in Free revenue 3X the industry growth1 Cash Flow margin to 25-30% • Aligned to fast-growing secular • Capital efficiency through high ROIC megatrends of Automotive and Industrial inves
Slide 10: Power of the onsemi Portfolio
Power of the onsemi Portfolio eePROM Comms Interfaces SiC & Si Sensor “Our broad portfolio of Power Interfaces products has enabled us to Gate become a one-stop shop for our Amplifier / Comparators Drivers Logic customers and the source for the most optimized solutions.” Depth Image Controllers Sens
Slide 11: Power of the Portfolio Driving onsemi Growth
Power of the Portfolio Driving onsemi Growth Energy Infrastructure Electric Vehicles $7.8B $15.5B 16% CAGR 25% CAGR Charging $44B TAM Advanced Safety $1.1B growing at $5.6B 26% CAGR ~18% CAGR 15% CAGR Factory Automation AI Data Center $9.1B $4.4B 8% CAGR 18.9% CAGR Notes: Based on current market pro
Slide 12: Enabling a Sustainable Ecosystem
Enabling a Sustainable Ecosystem Premium Business in Intelligent Power and Sensing INTELLIGENT POWER SOLUTIONS enabling customers to exceed range targets with lower weight and reduce system cost through unparalleled efficiency Wide Bandgap Silicon Power – IGBT, FET Power Management ICs ▪ SiC MOSFET,
Slide 13: The onsemi Advantage: Intelligent Power
The onsemi Advantage: Intelligent Power SUPPLY SCALE ▪ History of vertical integration ▪ A multi-decade history in Automotive ▪ Volume SiC boule growth, wafering, and Industrial markets substrate, epitaxy, device fabrication ▪ High-quality, high-volume ▪ Best-in-class integrated modules, manufacturi
Slide 14: onsemi's SiC Leadership
Most Extending Expect to comprehensive End-to-End Technology Outgrow the SiC product Supply Chain Lead with Market portfolio Trench FET SiC portfolio Share gains to From boules Secured wins with includes FETs 35-40% of market to modules multiple OEMs for and JFETs 4th Generation across voltages Tren
Slide 15: The onsemi Advantage: Intelligent Sensing
The onsemi Advantage: Intelligent Sensing Superior Automotive & • Installed base of • High Dynamic Range Technology Industrial >450M automotive sensors • Industry-leading Focus • Enabling Factory 8 megapixel Automation onsemi’s Image Sensor • Devware • 45+ years of • Ref Designs Solution Decades sus
Slide 16: onsemi. Everywhere in Automotive Today.
onsemi. Everywhere in Automotive Today. Silicon Carbide Image Sensors Other Silicon Power Sensor Interfaces Power ICs Other ~500 onsemi products in production vehicles today © onsemi 2025 | Public Information | 16 Dots represent onsemi devices designed in BMW’s electric i7 vehicles
Slide 17: Power Delivery from Grid to Processor in AI Data Center
Power Delivery from Grid to Processor in AI Data Center 400VDC Bus System Architecture (1MW) Power Rack Compute Rack Multiple Power Racks per Data Center Multiple Compute Racks per Data Center PDU Utility Grid Uninterruptable Power Supply PDU Shelf UPS Peak Load Shaving 3Ø 20kVAC HV PLSS AC→DC→AC Po
Slide 18: Treo Drives Gross Margin Expansion
Treo Drives Gross Margin Expansion Result of two years investment in high value, differentiated products Shipped over 5 million units from our East Fishkill facility Treo delivers disruptive, high value platform with up to 70% gross margin Expanding margins with Treo platform replacing existing suns
Slide 19: onsemi. Driving Innovation in Industrial.
onsemi. Driving Innovation in Industrial. onsemi delivers solutions that create the infrastructure needed to generate, store and deploy sustainable industrial energy across a network • Propelling the sustainable energy evolution in the industrial market with our Medical intelligent power technologie
Slide 20: Highly Diversified Customer Base
Highly Diversified Customer Base Customer Needs: onsemi Delivers: Top 20 customers ▪ Best-in-Class Performance ▪ Industry-leading products represent ~40% of revenue and each buy ~600 products on average ▪ Reliable suppliers at scale ▪ Vertically integrated supply chain ▪ Tighter supplier base ▪ Broa
Slide 21: onsemi's Decarbonization Commitments
onsemi’s Decarbonization Commitments Near-Term Science Based Targets Validated Near-Term Targets Validated by SBTi in December 2024 • By 2029, 71.3% of suppliers will have science-based targets • By 2034, Scope 1 & 2 emissions to reduce by 58.8% and Fuel and Energy Related (FERA) portion of Scope 3
Slide 22: Accelerating the Financial Model
Accelerating the Financial Model 2024 2027 Actual Target Revenue $7.08B 10-12% CAGR • Grow at ~3x the semiconductor industry • Mix shift, new products & SiC ramp at accretive margins Gross Margin 45.4% 53% • Optimize cost through Fab Right • Invest in R&D for long-term growth Operating 17.6% 13% • D
Slide 23: Appendix
Appendix © onsemi 2025 | Public Information © onsemi 2025 | Public Information | 23 23
Slide 24: Non-GAAP Financial Performance
Non-GAAP Financial Performance 2024 Q1’25 Q2’25 Q3’25 2027 Actual Actual Actual Guide Target 10-12% Revenue 1,465 to • Q2’25 revenue above the midpoint 7,082.3 1,445.7 1,468.7 CAGR ($ millions) 1,565 of guidance 36.5% to • Q2’25 gross margin slightly above Gross Margin 45.5% 40.0% 37.6% 53% 38.5% th
Slide 25: Q3'25 Guidance
Q3’25 Guidance GAAP Special Items** Non-GAAP*** Revenue $1,465 to $1,565 million - $1,465 to $1,565 million Gross Margin 36.4% to 38.4% 0.1% 36.5% to 38.5% Operating Expenses $294 to $309 million $14 million $280 to $295 million Other Income and Expense ($8 million) - ($8 million) (including interes
Slide 26: Notes to Q3'25 Guidance
Notes to Q3’25 Guidance * Diluted shares outstanding can vary as a result of, among other things, the vesting of restricted stock units, the incremental dilutive shares from the convertible notes, and the repurchase or the issuance of stock or convertible notes or the sale of treasury shares. In per
Slide 27: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($ in Millions) FY2023 FY2024 Q1’25 Q2’25 Reconciliation of GAAP to Non-GAAP Gross Margin: GAAP Gross Margin 47.1% 45.4% 20.3% 37.6% a) Amortization of acquisition-related intangible assets 0.1% 0.1% 0.1% 0.1% b) Restructuring-related inventory and other charges - - 1
Slide 28: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($ in Millions, except share count and EPS) FY2023 FY2024 Q1’25 Q2’25 Reconciliation of GAAP to Non-GAAP Net Income Attributable to ON Semiconductor Corporation: GAAP Net Income Attributable to ON Semiconductor Corporation $ 2,183.7 $ 1,572.8 $ (486.1) $170.3 a) Amort
Slide 29: Notes & Sources
Notes & Sources Power of the Portfolio Driving onsemi Growth (Slide 12) • onsemi estimates based on current market projections • LMC Automotive: Global Hybrid & Electric Vehicle Forecast -Quarter 4, 2022 • Omdia: Power IC Market Tracker, Sep’22 • $43B TAM for sustainable ecosystem for onsemi estimat
Slide 30: Follow us @onsemi
Follow us @onsemi onsemi.com © onsemi 2025 | Public Information