HIGHBuilt-inCustomer
51%
automotive end-market
“10-K Item 1A: 'Sales into the automotive and industrial end-markets represented approximately 51% and 28% of our revenue, respectively, for the year ended December 31, 2025'”
ON · Concentration risk · 10-K extracted
ON Semiconductor (ON) concentration risks
Updated
The most significant concentration ON Semiconductor discloses is automotive end-market at 51%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: ON Semiconductor’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
limited highly specialized third-party suppliers
“10-K Item 1A: 'We are also dependent upon a limited number of highly specialized third-party suppliers for required components and materials for certain of our key technologies'”
LOWOutside partyCustomer
11%
top distributor
“10-K Item 1: 'one distributor whose revenue accounted for approximately 11%...of the total revenue for the years ended December 31, 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is dominated by end-market composition, with a meaningful secondary layer of supply-side and distributor exposure. The automotive end-market represented approximately 51% of revenue for the year ended December 31, 2025, making it the largest and most structurally important exposure by a wide margin — a high-share, structural concentration that reflects where the company's power semiconductor products find their deepest application. The industrial end-market contributed approximately 28% of revenue alongside it, so together these two sectors accounted for the large majority of the top line. The automotive tilt is structural — rooted in the company's product portfolio positioning toward electric and hybrid vehicles and advanced driver-assistance content — but it also means results move with automotive production cycles and the pace of vehicle electrification spending. The industrial end-market provides some diversification, though both sectors tend to move in the same direction during broad economic slowdowns. On the supply side, the company relies on a limited number of highly specialized third-party suppliers for components and materials used in key technologies — a moderate dependency exposure whose potential impact depends on how substitutable those inputs are. At the distributor level, a single distributor accounted for approximately 11% of total revenue in 2025, a low-share dependency. That share on its own is manageable, but distributor concentration can amplify inventory and ordering volatility in down cycles. The automotive end-market share remains the dominant variable to track.
For the engine’s reasoning on ON’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Semiconductors
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ALAB | Astera Labs, Inc. | 3 | 0 | 0 | 3 |
| AVGO | Broadcom Inc. | 2 | 1 | 0 | 3 |
| ADI | Analog Devices, Inc. | 2 | 0 | 0 | 2 |
| ALGM | Allegro MicroSystems, Inc. | 1 | 2 | 0 | 3 |
| AMD | Advanced Micro Devices, Inc. | 1 | 2 | 0 | 3 |
| ON● | ON Semiconductor Corporation | 1 | 1 | 1 | 3 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.