onsemi (ON) reported fourth-quarter 2023 non-GAAP earnings of $1.25 per share, outpacing the Zacks Consensus Estimate by 3.3% but declining 5.3% year over year.Revenues of $2.02 billion beat the Zacks Consensus Estimate by 0.7% but declined 4.1% on a year-over-year basis.onsemi shares were up roughly 6% in pre-market trading. The company’s shares have declined 15.2% year to date, underperforming the Zacks Computer & Technology sector’s increase of 5.6%.Top-Line DetailsPower Solutions Group revenues of $1.09 ...

ON Semiconductor Corporation (NASDAQ:ON) Q4 2023 Earnings Conference Call February 5, 2024 9:00 AM ET Company Participants Parag Agarwal - VP, IR & Corporate Development Hassane El-Khoury - President & CEO Thad Trent - CFO Conference Call Participants Ross Seymore - Deutsche Bank Vivek Arya - BofA Securities Christopher Danely - Citigroup Inc. Toshiya Hari - Goldman Sachs Gary Mobley - Wells Fargo Securities Joshua Buchalter - TD Cowen Christopher Rolland - Susquehanna Financial Group Quinn Bolton - Needham ...

ON Semiconductor Corp. (ON) reported $2.02 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 4.1%. EPS of $1.25 for the same period compares to $1.32 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2 billion, representing a surprise of +0.70%. The company delivered an EPS surprise of +3.31%, with the consensus EPS estimate being $1.21.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Shares in ON Semiconductor (ON 7.74%) were up as much as 10% on the opening of trading today. The move comes after a satisfactory set of fourth-quarter earnings and first-quarter guidance. I've used the word "satisfactory" because the figures weren't anything outstanding. The company's revenue came in slightly above the midpoint of management's guidance, and the earnings per share of $1.25 in the fourth quarter were at the high end of the guidance range of $1.13 to $1.27.That's good enough, however the firs ...

ON Semiconductor Corp. (ON) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.31%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $1.35 per share when it actually produced earnings of $1.39, delivering a surprise of 2.96%.Over the last f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Commission File Number) 001-39317 ON SEMICONDUCTOR CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-3840979 (State or other juris ...

Investors are always looking for stocks that are poised to beat at earnings season and ON Semiconductor Corporation (ON) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because ON Semiconductor is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is ...

Stock Performance - ON Semiconductor Corp closed at $70 19, down 1 32% from the previous session, underperforming the S&P 500's 1 25% gain, the Dow's 0 97% gain, and the Nasdaq's 1 3% gain [1] - The stock has declined by 10 31% over the past month, underperforming the Computer and Technology sector's 2 42% gain and the S&P 500's 1 58% gain [1] Earnings and Revenue Projections - The company is scheduled to release its earnings on February 5, 2024, with projected EPS of $1 21, an 8 33% decrease from the same quarter last year [1] - Revenue is expected to be $2 billion, down 4 73% from the prior-year quarter [1] Analyst Estimates and Zacks Rank - Recent adjustments to analyst estimates reflect near-term business trends, with positive revisions indicating a favorable business outlook [2] - The Zacks Rank system, which incorporates estimate changes, has a strong track record, with 1 ranked stocks delivering an average annual return of +25% since 1988 [2] - ON Semiconductor Corp currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection revised 1 26% lower over the past 30 days [2] Valuation Metrics - ON Semiconductor Corp is trading at a Forward P/E ratio of 14 74, a discount compared to the industry average of 27 28 [3] - The company has a PEG ratio of 1 26, lower than the industry average of 2 82, indicating a more favorable valuation relative to earnings growth [3] Industry Ranking - The Semiconductor - Analog and Mixed industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 220, placing it in the bottom 13% of over 250 industries [3] - Research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1 [4]

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering ON Semiconductor Corp. (ON) , which belongs to the Zacks Semiconductor - Analog and Mixed industry.This semiconductor components maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.90%.For the most recent quarter, ON Semiconductor Corp. Was expect ...

ON Semiconductor Corp. (ON) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this semiconductor components maker have returned -10.3% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Semiconductor - Analog and Mixed industry, to which ON Semiconductor Corp. belongs, has lost 6.4% over this period. Now the key question is: Wh ...