Market Overview - U.S. stocks traded higher, with the Nasdaq Composite gaining 1% on Monday, while the Dow rose 0.04% to 47,583.87 and the S&P 500 increased by 0.48% to 6,872.88 [1] - Consumer discretionary shares jumped by 1.8%, while utilities stocks fell by 0.8% [1] Company Earnings - ON Semiconductor Corporation reported better-than-expected earnings for Q3, posting earnings of 63 cents per share, surpassing the analyst consensus estimate of 59 cents per share [2] - The company also reported quarterly sales of $1.551 billion, exceeding the analyst consensus estimate of $1.515 billion [2] Commodity Market - Oil traded up 0.2% to $61.02, gold rose by 0.8% to $4,026.60, silver increased by 0.6% to $48.47, and copper rose by 0.4% to $5.1090 [4] European Market Performance - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.2%, Spain's IBEX 35 Index rising 0.2%, and London's FTSE 100 increasing by 0.1% [5] Asian Market Performance - Asian markets closed higher, with Hong Kong's Hang Seng gaining 0.97%, China's Shanghai Composite rising 0.55%, and India's BSE Sensex increasing by 0.05% [6] Notable Stock Movements - MSP Recovery, Inc. shares surged 255% to $0.78, while Resolute Holdings Management, Inc. shares rose 90% to $140.76 after reporting quarterly financial results [9] - Tharimmune, Inc. shares increased by 88% to $5.57 following a $540 million private placement [9] - uniQure N.V. shares dropped 59% to $27.66 after receiving FDA feedback regarding its investigational gene therapy [9] - NOMADAR Corp. shares fell 52% to $9.98, and ALPS Group Inc shares decreased by 40% to $1.5350 due to public offering pricing announcement [9]

Core Viewpoint - Onsemi exceeded Wall Street expectations for third-quarter revenue and profit, driven by increased demand for its chips in data centers due to an artificial intelligence boom [1] Company Summary - Onsemi reported better-than-expected financial results for the third quarter, indicating strong performance in the semiconductor market [1] - The company's growth is significantly attributed to the rising demand for chips used in data centers, which are essential for AI applications [1] Industry Summary - The artificial intelligence sector is experiencing a boom, leading to heightened demand for semiconductor components, particularly those utilized in data centers [1] - This trend suggests a positive outlook for companies like Onsemi that are positioned within the semiconductor industry, especially in relation to AI technologies [1]

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Scottsdale, Ariz, Nov. 03, 2025 (GLOBE NEWSWIRE) -- onsemi (the “Company”) (Nasdaq: ON) today announced its third quarter 2025 results with the following highlights: Revenue of $1,550.9 million GAAP gross margin of 37.9% and non-GAAP gross margin of 38.0% GAAP operating margin of 17.0% and non-GAAP operating margin of 19.2% GAAP diluted earnings per share and non-GAAP diluted earnings per share of $0.63 Cash from operations of $418.7 million Free cash flow of $372.4 million grew 22% year-over-year to 24% of ...

Q3 2025 Financial Highlights - Revenue reached $1.55 billion, a 6% increase quarter-over-quarter[15] - Gross margin was 38.0%, a 40 bps increase quarter-over-quarter[15] - Operating margin was 19.2%, a 190 bps increase quarter-over-quarter[15] - Diluted EPS was $0.63, a $0.10 increase quarter-over-quarter[15] - Last Twelve Months (LTM) Free Cash Flow (FCF) margin was 21.9%, an 815 bps increase year-over-year[15] Revenue Breakdown by Market - Automotive revenue was $787 million, a 7% increase quarter-over-quarter[15] - Industrial revenue was $426 million, a 5% increase quarter-over-quarter[15] - Other revenue was $337 million, a 2% increase quarter-over-quarter[15] Q4 2025 Guidance - Revenue is projected to be between $1.48 billion and $1.58 billion (GAAP and Non-GAAP)[27] - GAAP gross margin is expected to be between 36.9% and 38.9%, while Non-GAAP gross margin is expected to be between 37.0% and 39.0%[27] - GAAP EPS is projected to be between $0.56 and $0.66, while Non-GAAP EPS is projected to be between $0.57 and $0.67[27] Financial Targets - The company is targeting revenue growth at approximately 3 times the semiconductor industry growth rate[92] - The company is targeting a gross margin of 53%[45, 92] - The company is targeting free cash flow margin between 25% and 30%[46, 92]

Company News - IREN stock surged over 20% in pre-market trading after signing a $9.7 billion agreement with Microsoft [1] - Dell's stock rose over 3% in pre-market trading as IREN plans to spend $5.8 billion on GPU and related equipment from Dell [1] - NVIDIA's stock increased by 2% in pre-market trading, with Microsoft set to invest over $7.9 billion in the UAE between 2026 and 2029 [1] - Beyond Meat's stock fell over 8% in pre-market trading as the company announced a delay in releasing its Q3 financial report to quantify an impairment loss [1] - Onsemi's stock rose nearly 4% in pre-market trading, reporting Q3 revenue of $1.55 billion and adjusted earnings per share of $0.63 [2]

Core Insights - The chip maker reported better-than-expected earnings and revenue for the third quarter [1] Financial Performance - Earnings exceeded market expectations, indicating strong operational performance [1] - Revenue also surpassed forecasts, reflecting robust demand for chips [1]

格隆汇11月3日｜安森美半导体第三季度营收15.5亿美元，预估15.2亿美元；调整后每股收益0.63美元， 预估0.59美元。 ...

Financial Performance - Revenue for Q3 2025 was $1,550.9 million, a 6% increase from Q2 2025 but a 12% decrease year-over-year from Q3 2024[2] - Net income attributable to ON Semiconductor Corporation was $255.0 million, compared to $170.3 million in Q2 2025 and $401.7 million in Q3 2024[2] - Diluted earnings per share for Q3 2025 was $0.63, up from $0.41 in Q2 2025 but down from $0.93 in Q3 2024[2] - Operating income for the quarter was $264.4 million, up from $193.4 million in the previous quarter, indicating a significant improvement in operational efficiency[16] - GAAP net income attributable to ON Semiconductor Corporation for Q3 2025 was $255.0 million, compared to $170.3 million in Q3 2024, an increase of 49.7%[24] - Non-GAAP diluted earnings per share for Q3 2025 was $0.63, compared to $0.53 in Q3 2024, representing a growth of 18.9%[24] Margins and Profitability - GAAP gross margin was 37.9% and non-GAAP gross margin was 38.0%, showing slight improvement from Q2 2025[3] - GAAP operating margin increased to 17.0% from 13.2% in Q2 2025, while non-GAAP operating margin rose to 19.2%[3] - Gross profit for the quarter was $587.2 million, with a gross margin of 37.9%, compared to a gross margin of 37.6% in the previous quarter[16] - GAAP gross profit for Q3 2025 was $587.2 million, compared to $551.9 million in Q3 2024, representing a year-over-year increase of 6.3%[22] - Non-GAAP operating income for the nine months ended October 3, 2025, was $816.6 million, compared to $1,514.5 million in the same period of 2024, a decline of 46.0%[22] Cash Flow and Operations - Cash from operations reached $418.7 million, with free cash flow growing 22% year-over-year to $372.4 million, representing 24% of revenue[3] - Cash flows from operating activities for the quarter were $418.7 million, a substantial increase from $184.3 million in the previous quarter[20] - Free cash flow for the quarter ended October 3, 2025, was $372.4 million, compared to $106.1 million for the same quarter last year, representing a significant increase of 250%[25] - Net cash provided by operating activities for Q3 2025 was $418.7 million, significantly higher than $184.3 million in Q3 2024, an increase of 127.5%[24] Future Projections - The company projects Q4 2025 revenue to be between $1,480 million and $1,580 million, with diluted earnings per share expected to be between $0.56 and $0.66[7] - The company expects to maintain a normalized non-GAAP effective tax rate of 16% through 2025, with a potential adjustment to 15% starting in 2026[34] Research and Development - Research and development expenses for the quarter were $141.9 million, slightly down from $143.8 million in the previous quarter, indicating a focus on cost management[16] Shareholder Returns - Year-to-date share repurchases totaled $925 million, approximately 100% of free cash flow[3] - Total share-based compensation for the quarter ended October 3, 2025, was $38.2 million, compared to $34.4 million in the same quarter last year, showing an increase of 11%[27] Financial Position - Total assets as of October 3, 2025, were $13,010.2 million, a slight decrease from $13,126.2 million in the previous quarter[18] - Total liabilities decreased to $5,084.1 million from $5,165.0 million in the previous quarter, indicating improved financial stability[18] - The company had cash and cash equivalents of $2,472.5 million as of October 3, 2025, down from $2,526.7 million in the previous quarter[18] Special Items and Adjustments - Total special items impacting GAAP operating income for Q3 2025 amounted to $33.4 million, compared to $61.4 million in Q3 2024[22] - Management emphasizes the importance of non-GAAP measures for assessing operational performance and making strategic decisions[30]

Core Insights - ON Semiconductor Corporation has a market cap of $20.5 billion and specializes in intelligent power and sensing technologies across various sectors including automotive and industrial applications [1] - The company's stock has significantly underperformed the broader market, with a year-to-date decline of 20.6% and a 52-week drop of 32%, contrasting with the S&P 500 Index's gains of 16.3% in 2025 and 17.7% over the past year [2] - ON has also lagged behind the Technology Select Sector SPDR Fund, which saw gains of 29.3% in 2025 and 31% over the past 52 weeks [3] Stock Performance and Market Sentiment - On October 20, ON's shares increased by 4.8% due to a rally in the semiconductor sector, which pushed the Philadelphia Semiconductor Index to a record high, driven by a broader tech rebound and strong AI optimism [4] - For FY2025, analysts predict a 42.5% decline in non-GAAP EPS to $2.30, with a mixed earnings surprise history where the company has met or exceeded estimates in two of the last four quarters [5] - The stock currently holds a consensus "Moderate Buy" rating, with 12 "Strong Buys," 2 "Moderate Buys," 18 "Holds," and 1 "Strong Sell" among the 33 analysts covering it [5] Analyst Ratings and Price Targets - The current analyst sentiment is less bullish compared to three months ago, when there were 13 "Strong Buy" recommendations [6] - UBS analyst Pradeep Ramani maintained a "Neutral" rating on ON Semiconductor and raised the price target from $50 to $55, indicating a modestly improved outlook [6] - The mean price target for ON is $58.21, suggesting a 2.1% upside from current levels, while the highest target of $70 indicates a potential 33.1% premium [6]