Gross Profit Analysis: Comparing QUALCOMM Incorporated and ON Semiconductor Corporation

Gross Profit Trends: A Tale of Two Tech Giants

In the ever-evolving landscape of the semiconductor industry, QUALCOMM Incorporated and ON Semiconductor Corporation have emerged as key players. Over the past decade, from 2014 to 2023, these companies have showcased distinct trajectories in their gross profit margins. QUALCOMM, a leader in wireless technology, consistently outperformed ON Semiconductor, with its gross profit peaking at approximately $25.6 billion in 2022. This represents a robust growth of around 62% from its 2014 figures. Meanwhile, ON Semiconductor, known for its power and signal management solutions, demonstrated a remarkable growth trajectory, with its gross profit surging by nearly 277% over the same period, reaching a high of $4.1 billion in 2022. However, 2023 saw a slight dip for both companies, hinting at potential market challenges. As we look to the future, the absence of data for 2024 for ON Semiconductor leaves room for speculation on its next strategic move.