Key TakeawaysON Semiconductor, or Onsemi, posted worse-than-expected results and guidance as it continued to face difficult market conditions.The maker of power chips reported a sales decline in all three of its divisions.Onsemi said the 2025 business outlook "remains uncertain." Shares of ON Semiconductor (ON), also known as Onsemi, sank more than 6% Monday after the maker of power chips missed profit, sales, and guidance estimates as it said it faced difficult macroeconomic conditions. The company posted ...

Core Insights - ON Semiconductor Corp. reported revenue of $1.72 billion for Q4 2024, reflecting a year-over-year decline of 14.7% and an EPS of $0.95, down from $1.25 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $1.76 billion by 2.05%, while the EPS also missed the consensus estimate of $0.98 by 3.06% [1] Revenue Breakdown - Revenue from the Market- Others segment was $280.10 million, significantly below the average estimate of $364.04 million, marking a year-over-year decline of 31.2% [4] - Revenue from the Market- Industrial segment was $416.90 million, slightly below the average estimate of $421.95 million, representing a year-over-year change of -16.1% [4] - Revenue from the Market- Automotive segment reached $1.03 billion, exceeding the average estimate of $975.22 million, but still showing a year-over-year decline of 8% [4] - Revenue from the Product- Intelligent Sensing Group was $302.50 million, surpassing the estimated $275.66 million, but down 1.7% year-over-year [4] - Revenue from the Product- Analog & Mixed-Signal Group was $610.60 million, below the average estimate of $653.82 million [4] - Revenue from the Product- Power Solutions Group was $809.40 million, slightly below the average estimate of $830.92 million, with a year-over-year decline of 25.5% [4] Stock Performance - Shares of ON Semiconductor Corp. have returned -5% over the past month, contrasting with the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

ON Semiconductor Corp (NASDAQ:ON) stock is down 5.1% to trade at a two-year low of $48.55 at last check, after the chip concern missed top- and bottom-line estimates for the fourth quarter and issued a dismal fiscal first-quarter forecast. The company attributed the lackluster results and outlook to weaker demand from automakers.ON carries a 39.7% year-over-year deficit, and is gapping below recent support at the $50 level, after failing to conquer its 20-day moving average in the previous session. Shares a ...

1 Public Information © onsemi 2024 Public Information © onsemi 2024 Quarterly Investor Presentation Fourth Quarter 2024 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 statements of historical facts, included or incorporated in this presentation could be deemed forw ...

ON Semiconductor Corp. (ON) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.06%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $0.97 per share when it actually produced earnings of $0.99, delivering a surprise of 2.06%.Over the last ...

Revenue Performance - Fourth quarter revenue was $1,722.5 million, a decrease of 15% year-over-year from $2,018.1 million in Q4 2023[2] - Full year 2024 revenue totaled $7,082.3 million, down 14% from $8,253.0 million in 2023[3] - Revenue for the quarter ended December 31, 2024, was $1,722.5 million, a decrease of 16.4% compared to $2,018.1 million for the same quarter in 2023[18] - Total revenue for the quarter was $1,862.7 million, showing a slight increase from $1,735.2 million in the previous quarter[28] Profitability Metrics - Fourth quarter GAAP gross margin was 45.2%, compared to 46.7% in Q4 2023, while non-GAAP gross margin was 45.3%[4] - Fourth quarter net income attributable to onsemi was $379.9 million, down from $562.7 million in Q4 2023[2] - The company reported a diluted earnings per share of $0.88 for Q4 2024, down from $1.28 in Q4 2023[2] - Operating income decreased to $408.6 million for the quarter, compared to $612.1 million in the same quarter of 2023, reflecting a decline of 33.2%[18] - Net income attributable to ON Semiconductor Corporation for the quarter was $379.9 million, down from $562.7 million in the same quarter of 2023, representing a decrease of 32.5%[18] - Non-GAAP operating income for the year ended December 31, 2024, was $1,973.9 million, compared to $2,665.2 million for the previous year, indicating a decline of 26.0%[24] - Non-GAAP diluted earnings per share for the quarter was $0.95, down from $0.99 in the previous quarter, reflecting a decrease of approximately 4.0%[26] Cash Flow and Financial Discipline - Full year 2024 free cash flow reached $1.2 billion, representing a 300% increase year-over-year[4] - The company returned 54% of its 2024 free cash flow through share repurchases[1] - Net cash provided by operating activities for the quarter was $579.7 million, an increase from $465.8 million in the previous quarter[22] - Free cash flow for the quarter was $422.4 million, compared to $304.1 million in the prior quarter, representing a significant increase of approximately 38.9%[30] - The company plans to maintain financial discipline and streamline operations amid market volatility[1] Balance Sheet Highlights - Total current assets increased to $6,752.0 million as of December 31, 2024, compared to $5,912.3 million a year earlier, marking a growth of 14.2%[20] - Cash and cash equivalents rose to $2,691.3 million, up from $2,483.0 million in the previous year, indicating an increase of 8.4%[20] - Total liabilities decreased to $5,275.3 million from $5,414.6 million year-over-year, a reduction of 2.6%[20] - ON Semiconductor Corporation's total stockholders' equity increased to $8,814.5 million as of December 31, 2024, compared to $7,800.6 million a year earlier, representing a growth of 12.9%[20] Research and Development - Research and development expenses increased to $155.2 million for the quarter, compared to $150.2 million in the same quarter last year, reflecting a rise of 3.3%[18] Market Focus - The automotive and industrial markets remain a focus for onsemi, driving innovations in vehicle electrification and sustainable energy[11]

ON Semiconductor Corporation (NASDAQ: NASDAQ: ON ) , in the simplest terms, designs and manufactures power management systems, signal processing tools, and sensor technologies. These components find their way into electric vehicles, where they help keep things efficient; energy infrastructure; factory automation; and high-performance computing — theThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely vo ...

On Semiconductor (ON) is slated to release its fourth-quarter 2024 results on Feb. 10.For fourth-quarter 2024, ON expects revenues between $1.71 billion and $1.81 billion. Earnings are expected to be in the range of 92 cents to $1.04 per share.The Zacks Consensus Estimate for fourth-quarter 2024 earnings is pegged at 98 cents per share, unchanged in the past 30 days. This indicates a decline of 21.6% from the figure reported in the year-ago quarter.The consensus mark for revenues is pegged at $1.76 billion, ...

Analysts on Wall Street project that ON Semiconductor Corp. (ON) will announce quarterly earnings of $0.98 per share in its forthcoming report, representing a decline of 21.6% year over year. Revenues are projected to reach $1.76 billion, declining 12.9% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during t ...

The market expects ON Semiconductor Corp. (ON) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...