On Semiconductor is a leading provider of semiconductor solutions, specializing in semiconductor components, sensors, and systems that power a wide range of applications across various industries such as automotive, industrial, and consumer electronics. The company focuses on delivering innovative technologies that enhance energy efficiency, optimize performance, and enable advanced functionality in electronic devices. With a strong commitment to sustainability, On Semiconductor develops products that not only drive innovation but also contribute to reducing environmental impact, aligning with the growing demand for green technologies in today's digital landscape.
Shares of analog chips maker onsemi (NASDAQON)
fell 8.1% in the morning session after the company reported weak fourth-quarter results: revenue and EPS missed analysts' estimates. Its revenue and EPS guidance for next quarter also fell short of Wall Street's estimates. Management's comments suggest the business is still navigating "a market downturn." The weakness is most pronounced in its power and advanced solutions groups, where sales fell sequentially and compared to the previous year. Overall, this was a challenging quarter.
CEO Hassane El-Khoury sought to reassure investors, emphasizing that ON Semiconductor remains structurally resilient despite current market volatility.
Analog chips maker ON Semiconductor (NASDAQON) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 14.6% year on year to $1.72 billion. Next quarter’s revenue guidance of $1.4 billion underwhelmed, coming in 16.8% below analysts’ estimates. Its non-GAAP profit of $0.95 per share was 2.4% below analysts’ consensus estimates.
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Wall Street bounced back on Monday, recovering from Friday's robust decline fueled by tariff concerns, as investors remained focused on strong earnings from the fourth-quarter reporting season while awaiting further clarity on trade policie
ON Semiconductor Corp (ON) stock reported a fiscal Q4 2024 revenue decline of 15% YoY to $1.72B, missing analysts' estimate of $1.76B. EPS of $0.95 also missed estimate. Outlook is weak, with projected Q1 revenue of $1.35B-$1.45B and EPS of $0.45-$0.55.
