Gross Profit Trends Compared: Analog Devices, Inc. vs ON Semiconductor Corporation

A Tale of Two Giants: Analog Devices vs. ON Semiconductor

In the ever-evolving semiconductor industry, Analog Devices, Inc. and ON Semiconductor Corporation have been pivotal players. Over the past decade, Analog Devices has consistently outperformed ON Semiconductor in terms of gross profit. From 2014 to 2023, Analog Devices saw a remarkable growth of over 330%, peaking in 2023 with a gross profit of approximately $7.9 billion. In contrast, ON Semiconductor's growth was more modest, with a 260% increase, reaching around $4.1 billion in 2022.

The year 2022 marked a significant milestone for both companies, with Analog Devices achieving its highest gross profit, while ON Semiconductor also reached its peak. However, data for 2024 is incomplete, leaving room for speculation on future trends. This comparison highlights the dynamic nature of the semiconductor market and the strategic maneuvers these companies employ to maintain their competitive edge.