Slide 1: Quarterly Investor Presentation Fourth Quarter 2025
Quarterly Investor Presentation Fourth Quarter 2025 © onsemi 2026 | Public Information © onsemi 2026 | Confidential | 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: Fourth Quarter 2025 Financial & Business Update
Fourth Quarter 2025 Financial & Business Update © onsemi 2026 | Public Information © onsemi 2026 | Public Information | 3 3
Slide 4: Q4'25 and 2025 Highlights
Q4’25 and 2025 Highlights Delivered $1.53B in revenue AI Data Center revenue with expanding gross and exceeded $250m in 2025 operating margins in Q4 Sequential revenue growth Returned $1.4B to in Auto, Industrial and AI shareholders through Data Center in Q4 repurchases in 2025 Treo Platform - doubl
Slide 5: Q4'25 Non-GAAP Financial Performance
Q4’25 Non-GAAP Financial Performance Gross Operating Diluted LTM FCF Revenue Margin Margin EPS Margin $1.53B 38.2% 19.8% $0.64 23.7% -1% Q/Q +25 bps Q/Q +60 bps Q/Q +$0.01 Q/Q +650 bps Y/Y Automotive Industrial Other $798m Revenue $442m Revenue $289m Revenue 1% Q/Q 4% Q/Q 14% Q/Q Our earnings releas
Slide 6: Strategic Announcements
Strategic Announcements onsemi Unveils onsemi Announces onsemi Announces Innovative Vertical Collaborations with $6 Billion Share GaN Technology Innoscience and Repurchase GlobalFoundries on Authorization Lateral GaN Products View all press announcements at: © onsemi 2026 | Public Information | 6 on
Slide 7: Q1'26 Guidance Highlights
Q1’26 Guidance Highlights Revenue GM OPEX EPS GAAP: GAAP: GAAP: GAAP: $1,435 to $1,535m 37.4% to 39.4% $407 to $422m $0.28 to $0.38 Non-GAAP: Non-GAAP: Non-GAAP: Non-GAAP: $1,435 to $1,535m 37.5% to 39.5% $285 to $300m $0.56 to $0.66 Our earnings release and this presentation include certain non-GAA
Slide 8: About onsemi
About onsemi © onsemi 2026 | Public Information © onsemi 2026 | 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 24% 8.6x
Slide 10: Intelligent Power Solutions
Intelligent Power Solutions Wide Bandgap – SiC, GaN, VGaN Silicon Power – IGBT, FET Analog and Mixed-Signal ICs 1 ▪ High efficiency and longer-range – ▪ Leading FET and IGBT supplier with ▪ Double down on $36B TAM with >70% Superior EliteSiC device technology growing market share gross margin ▪ High
Slide 11: Intelligent Sensing Solutions
Intelligent Sensing Solutions The onsemi Advantage # 1 Industrial Image Sensors # 1 Ultrasonic and Inductive Sensing for Automotive & Industrial Solution Decades of Enablement Innovation • Devware Installed base of • Ref Designs >600m automotive • Ecosystem Automotive & sensors Industrial Focus Mark
Slide 12: Automotive Solutions
In-Cabin Solutions ADAS and Autonomous • Driver Monitoring Systems (DMS) Automotive Solutions Driving Solutions • Occupancy Monitoring Systems • Front Sensing Systems (OMS) • Surround Sensing Systems • Autonomous Parking Assist • Autonomous Driving Viewing Solutions • Surround View Systems (SVS) • C
Slide 13: Driving Innovation and Growth in Industrial
Driving Innovation and Growth in Industrial Factory Medical Automation Continuous glucose Robotics, industrial monitors, hearing and warehouse health, imaging automation, equipment, humanoids Traditional Industrial diagnostic Power tools, HVAC, building automation, Aerospace, motor control Energy De
Slide 14: AI Data Center: Power Delivery from the Grid to the Core
AI Data Center: Power Delivery from the Grid to the Core 54VDC Bus Bar Utility Grid Intermediate Multiple Blade Trays per Rack Power Supply Hot Swap VCore PDU Bus Converters GPU 20kVAC 480VAC UPS 480VAC 54VDC CBU 230VAC HV PSU 54VDC Hot Swap IBC VCore 120kW 54VDC 12VDC 0.8VDC AC→ DC→ AC AC → DC C DC
Slide 15: Transforming Analog & Mixed-Signal Leadership into Sustainable Growth
Transforming Analog & Mixed-Signal Leadership into Sustainable Growth $36B1 Addressable Market Industry-Leading Technology Across High-Growth • 65nm BCD process with 1-90V operating range Segments • High-performance analog, integrated power management • Automotive (EV, ADAS, • Unmatched system integ
Slide 16: Vertical GaN: Investable Edge in High Power Density
Vertical GaN: Investable Edge in High Power Density AI Data Centers Renewable Energy Electric Vehicles Aerospace, Defense & Security Smaller 800V power converters Higher-efficiency solar and Faster charging & smaller, Compact, rugged, reliable → higher rack compute density wind power conversion more
Slide 17: Power of the Portfolio Driving onsemi Growth
Power of the Portfolio Driving onsemi Growth AI Data Center1 Electric Vehicles2 $12.2B $26.3B 40% CAGR 13% CAGR Energy Infrastructure2 $64B TAM Advanced Safety2 $9.6B by 2029 $3.7B 19% CAGR 11% CAGR Factory Automation2 EV Charging2 $11.3B $0.7B 7% CAGR 14% CAGR Notes: 1. AI data center based on onse
Slide 18: Accelerating Shareholder Value
Accelerating Shareholder Value Levered to accelerating demand for power and sensing Revenue Growth Aligned to secular trends in Automotive, Industrial and AI Data Center Significant gross margin expansion to 53% Gross Fab Right: optimize manufacturing network for cost efficiencies. Margin Maximize u
Slide 19: Accelerating the Financial Model
Accelerating the Financial Model 2025 Long-Term Actuals Target 10-12% Revenue $6.0B • Grow at ~3x the semiconductor industry CAGR • Mix shift, new products & Treo platform ramp Gross Margin 38.4% 53% at accretive margins • Optimize cost through Fab Right Operating • Invest in R&D for long-term growt
Slide 20: Appendix
Appendix © onsemi 2026 | Public Information © onsemi 2026 | Public Information | 20 20
Slide 21: Non-GAAP Financial Performance
Non-GAAP Financial Performance Long- Q1’25 Q2’25 Q3’25 Q4’25 2025 Q1’26 Term Actual Actual Actual Actual Actual Guide Target 10-12% Revenue 1,435 to • Q4’25 revenue at the midpoint of 1,445.7 1,468.7 1,550.9 1,530.1 5,995.4 CAGR ($ millions) 1,535 guidance 37.5% to • Gross margin expanding with Fab
Slide 22: Q1'26 Guidance
Q1’26 Guidance GAAP Special Items** Non-GAAP*** Revenue $1,435 to $1,535 million - $1,435 to $1,535 million Gross Margin 37.4% to 39.4% 0.1% 37.5% to 39.5% Operating Expenses $407 to $422 million $122 million $285 to $300 million Other Income and Expense ($7 million) - ($7 million) (including intere
Slide 23: Notes to Q1'26 Guidance
Notes to Q1’26 Guidance * Diluted shares outstanding can vary as a result of, among other things, the vesting of restricted stock units, the incremental dilutive shares from the Company's convertible notes, and the repurchase or the issuance of stock or convertible notes or the sale of treasury shar
Slide 24: GAAP to Non-GAAP Reconciliation ($ in Millions)
GAAP to Non-GAAP Reconciliation ($ in Millions) FY2024 Q1’25 Q2’25 Q3’25 Q4’25 FY 2025 Reconciliation of GAAP to Non-GAAP Gross Margin: GAAP Gross Margin 45.4% 20.3% 37.6% 37.9% 36.0% 33.1% a) Amortization of intangible assets 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% b) Restructuring-related inventory and othe
Slide 25: GAAP to Non-GAAP Reconciliation ($ in Millions, except share count and EPS)
GAAP to Non-GAAP Reconciliation ($ in Millions, except share count and EPS) FY2024 Q1’25 Q2’25 Q3’25 Q4’25 FY 2025 Reconciliation of GAAP to Non-GAAP Net Income Attributable to ON Semiconductor Corporation: $1,572.8 $(486.1) $170.3 $255.0 $181.8 $121.0 GAAP Net Income Attributable to ON Semiconducto
Slide 26: Notes & Sources
Notes & Sources Intelligent Power Solutions (Slide 10) • onsemi estimates based on current market projections. • IHS-Omdia Intelligent Sensing Solutions (Slide 11) • onsemi estimates based on current market projections. Power of the Portfolio Driving onsemi Growth (Slide 17) • onsemi estimates based
Slide 27: Follow us @onsemi
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