ON Semiconductor Corp.

Return on equity 24.82%, ROA 15.50%, ROIC 20.91%. Net income up ▲ +14.8% YoY. Debt/equity 0.41, current ratio 4.87, net debt $1.00B.

• Return on equity 24.82%, ROA 15.50%, ROIC 20.91%.
• Net income up ▲ +14.8% YoY.
• Debt/equity 0.41, current ratio 4.87, net debt $1.00B.

Latest annual report (10-K) filed Feb 9, 2026. Latest quarterly report (10-Q) filed May 4, 2026. 18 recent 8-K material-event filings in the index.

• Latest annual report (10-K) filed Feb 9, 2026.
• Latest quarterly report (10-Q) filed May 4, 2026.
• 18 recent 8-K material-event filings in the index.
• Recent insider Form 4s: 0 buy vs 0 sell transactions.
• ~10,000+ recent 13F-HR filings reference ON Semiconductor Corp.; broad institutional reporting.
• Recent filers include CADIAN CAPITAL MANAGEMENT, LLC, CADIAN CAPITAL MANAGEMENT, LLC, Stone Harbor Investment Partners LP.
• 20 recent 13G passive institutional ownership notices.

7 risk signal(s), 1 watch item(s) detected from XBRL filing diff analysis. Revenue grew +0.7% but receivables grew +47.7% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.

• Receivables outpacing revenue: Accounts receivable grew +47.7% YoY vs revenue growth of +0.7%. The +47.0% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
• Gross margin compression: Gross margin contracted +15.9%pp (from 296.0% to 280.1%). This may reflect input cost inflation, pricing pressure, or product mix shift toward lower-margin segments.
• Free cash flow deteriorating: FCF declined +72.6% YoY (from $1.60B to $438.4M). With OCF at $1.98B and capex at $1.54B, cash generation capacity is weakening — monitor for dividend/buyback sustainability.
• Going concern doubt: The term "going concern" appears in 16 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
• Material weakness in internal controls: The term "material weakness" appears in 20 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
• NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
• Endogenous analysis: Revenue grew +0.7% but receivables grew +47.7% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
• Endogenous analysis: Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
• Endogenous analysis: The combination of explicit "going concern" language in the filing with deteriorating cash flow or rising leverage is a severe warning signal — the company's own auditors have flagged doubt about the ability to continue as a going concern.
• 7 new XBRL disclosure(s) in latest filing — expanding reporting scope.
• 20 disclosure(s) dropped from prior year — reduced reporting granularity.
• 3 new risk-language term(s) detected in filing text: Substantial doubt about ability to continue, Restatement of financial statements, Off-balance sheet arrangements.
• Ongoing high-severity risk language: Going concern doubt, Material weakness in internal controls.