Slide 1: Quarterly Investor Presentation Third Quarter 2025
Quarterly Investor Presentation Third 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: Third Quarter 2025 Financial & Business Update
Third Quarter 2025 Financial & Business Update © onsemi 2025 | Public Information © onsemi 2025 | Public Information | 3 3
Slide 4: Q3'25 Highlights
Q3’25 Highlights Returned ~100% of Free Revenue, gross margin and Cash Flow YTD to EPS exceed expectations shareholders through share repurchases Automotive and Industrial Launched disruptive vertical markets grew sequentially GaN technology, and began amid continued signs of sampling products stabi
Slide 5: Non-GAAP Financial Performance
Non-GAAP Financial Performance Gross Operating Diluted LTM FCF Revenue Margin Margin EPS Margin $1.55B 38.0% 19.2% $0.63 21.9% +6% Q/Q +40bps Q/Q +190 bps Q/Q $0.10 Q/Q +815 bps Y/Y Automotive Industrial Other $787m Revenue $426m Revenue $337m Revenue 7% Q/Q 5% Q/Q 2% Q/Q Our earnings release and th
Slide 6: Strategic Announcements
Strategic Announcements onsemi and onsemi Collaborates onsemi to Acquire Vcore Schaeffler Expand with NVIDIA to Accelerate Power Technology from Collaboration with Transition to 800 VDC Aura Semiconductor to New EliteSiC-based Power Solutions for Strengthen AI Data PHEV Platform Next-Generation AI D
Slide 7: Q4'25 Guidance Highlights
Q4’25 Guidance Highlights Revenue GM OPEX EPS GAAP: GAAP: GAAP: GAAP: $1,480 to $1,580m 36.9% to 38.9% $296 to $311m $0.56 to $0.66 Non-GAAP: Non-GAAP: Non-GAAP: Non-GAAP: $1,480 to $1,580m 37.0% to 39.0% $282 to $297m $0.57 to $0.67 Our earnings release and this presentation include certain non-GAA
Slide 8: About onsemi
About onsemi © onsemi 2025 | Public Information © onsemi 2025 | Public Information | 8 8
Slide 9: 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 10: 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 11: Power of the onsemi Portfolio
Power of the onsemi Portfolio “Our Treo platform continues to scale across our eePROM Comms core markets, and our recent acquisitions are Interfaces expanding our portfolio and accelerating our SiC & Si Power Sensor Interfaces roadmap. We are delivering solutions that help Gate customers scale perfo
Slide 12: 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 13: 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 14: 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 15: 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 Growth driven by From boules Secured wins with includes FETs AI Data Center, to modules multiple OEMs for and JFETs BEVs, Energy 4th Generation across
Slide 16: 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 17: 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 | 17 Dots represent onsemi devices designed in BMW’s electric i7 vehicles
Slide 18: 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 19: Treo Drives Gross Margin Expansion
Treo Drives Gross Margin Expansion Result of two years of investment in high value, differentiated products Design funnel growing rapidly and currently exceeds $1B Treo delivers disruptive, high value platform with up to 70% gross margin Expanding margins with Treo platform replacing existing sunset
Slide 20: 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 21: onsemi Unveils Vertical GaN Semiconductors
onsemi Unveils Vertical GaN Semiconductors: A Breakthrough for AI and Electrification Built on novel GaN-on-GaN technology, onsemi’s vGaN architecture delivers record power density, efficiency and ruggedness Breakthrough Vertical GaN Design: Proprietary GaN-on-GaN technology conducts current vertica
Slide 22: 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 23: 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 24: Accelerating the Financial Model
Accelerating the Financial Model 2024 2027 Actual Target Revenue $7.08B 10-12% CAGR • Grow at ~3x the semiconductor industry • Mix shift, new products & SiC ramp at accretive margins Gross Margin 45.4% 53% • Optimize cost through Fab Right • Invest in R&D for long-term growth Operating 17.6% 13% • D
Slide 25: Appendix
Appendix © onsemi 2025 | Public Information © onsemi 2025 | Public Information | 25 25
Slide 26: Non-GAAP Financial Performance
Non-GAAP Financial Performance 2024 Q1’25 Q2’25 Q3’25 Q4’25 2027 Actual Actual Actual Actual Guide Target 10-12% Revenue 1,480 to • Q3’25 revenue above the 7,082.3 1,445.7 1,468.7 1,550.9 CAGR ($ millions) 1,580 midpoint of guidance 37.0% to • Q3’25 gross margin above the Gross Margin 45.5% 40.0% 37
Slide 27: Q4'25 Guidance
Q4’25 Guidance GAAP Special Items** Non-GAAP*** Revenue $1,480 to $1,580 million - $1,480 to $1,580 million Gross Margin 36.9% to 38.9% 0.1% 37.0% to 39.0% Operating Expenses $296 to $311 million $14 million $282 to $297 million Other Income and Expense ($7 million) - ($7 million) (including interes
Slide 28: Notes to Q4'25 Guidance
Notes to Q4’25 Guidance * Diluted shares outstanding can vary as a result of, among other things, the vesting of restricted stock units, the incremental dilutive shares from the convertible notes, and the repurchase or the issuance of stock or convertible notes or the sale of treasury shares. In per
Slide 29: GAAP to Non-GAAP Reconciliation ($ in Millions)
GAAP to Non-GAAP Reconciliation ($ in Millions) FY2023 FY2024 Q1’25 Q2’25 Q3’25 Reconciliation of GAAP to Non-GAAP Gross Margin: GAAP Gross Margin 47.1% 45.4% 20.3% 37.6% 37.9% a) Amortization of acquisition-related intangible assets 0.1% 0.1% 0.1% 0.1% 0.1% b) Restructuring-related inventory and ot
Slide 30: GAAP to Non-GAAP Reconciliation ($ in Millions, except share count and EPS)
GAAP to Non-GAAP Reconciliation ($ in Millions, except share count and EPS) FY2023 FY2024 Q1’25 Q2’25 Q3’25 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 $2
Slide 31: 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 32: Follow us @onsemi
Follow us @onsemi onsemi.com © onsemi 2025 | Public Information