Financial Data and Key Metrics Changes - The company reported Q2 revenue of $1.47 billion, exceeding the midpoint of guidance, with a non-GAAP gross margin of 37.6% and EPS of $0.53 [6][17][22] - Automotive revenue was $733 million, down 4% sequentially, while industrial revenue increased by 2% quarter over quarter [18][19] - Non-GAAP operating expenses were $298 million, down from $318 million year over year, reflecting cost management efforts [20][21] Business Line Data and Key Metrics Changes - Power Solutions Group (PSG) revenue was $698 million, up 8% quarter over quarter but down 16% year over year [19] - Analog and Mixed Signal Group (AMG) revenue was $556 million, down 2% quarter over quarter and 14% year over year [19] - Intelligent Sensing Group (ISG) revenue was $215 million, an 8% decrease quarter over quarter and 15% year over year [19] Market Data and Key Metrics Changes - Automotive revenue in China grew 23% sequentially, driven by silicon carbide and new electric vehicle ramps [8][18] - The company noted stabilization in demand across end markets, with expectations for automotive growth in Q3 [6][33] - AI Data Center revenue nearly doubled year over year, indicating strong growth in this segment [9][46] Company Strategy and Development Direction - The company is focusing on strategic investments in automotive, industrial, and AI data centers to enhance competitive edge and customer relationships [5][6] - Plans include exiting non-core businesses and repositioning the ISG towards higher value segments like ADAS and machine vision [11][26] - The company aims to double the number of products sampling from last year, with a revenue target of $1 billion for the Trejo platform [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding stabilization in the automotive sector, while acknowledging ongoing uncertainties [33][50] - The company expects automotive revenue to grow in Q3, with a focus on high-value products and operational efficiencies [6][33] - Management highlighted the importance of maintaining flexibility in operations amid tariff uncertainties and market fluctuations [108] Other Important Information - The company has increased its share repurchase target to 100% of free cash flow for 2025, having repurchased $300 million in Q2 [16][22] - Inventory levels are expected to peak in Q2 and decline through the rest of the year, with a focus on burning through strategic inventory [23][96] - The company anticipates a reduction in depreciation starting in Q4, contributing to improved financial performance [20] Q&A Session Summary Question: What are the current cyclical trends and headwinds? - Management noted signs of stabilization in the market, with automotive hitting a low in Q2 and expected growth in Q3, but remains cautious due to uncertainties [33][34] Question: What is the outlook for gross margins? - Management indicated that margin expansion is tied to utilization rates, with expectations for flat to slightly up margins in Q3 as inventory is managed [38][39] Question: What drove the softness in industrial revenue? - The decline in traditional industrial revenue was attributed to stabilization at low levels, with expectations for gradual recovery [44] Question: Where does the automotive recovery stand? - The automotive sector outside of China remains weak, with management expecting growth to begin in Q3 as the market stabilizes [50][51] Question: What is the impact of exiting non-core businesses? - The company expects a revenue headwind of approximately $200 million in 2025 due to exits, with a focus on higher value products [101] Question: How is the company preparing for potential tariff impacts? - Management emphasized maintaining flexibility and focusing on controllable factors within their manufacturing footprint [108][109] Question: What is the status of the East Fishkill facility? - The facility is operational with qualified products, contributing to overall utilization and production goals [103][104]

Core Viewpoint - ON Semiconductor reported Q2 revenue of $1.47 billion, exceeding market expectations but down 15.5% year-over-year. Non-GAAP adjusted earnings per share were $0.53, consistent with market expectations [1][2]. Financial Performance - Q2 2025 revenue was $1,468.7 million, compared to $1,735.2 million in Q2 2024, reflecting a 15.5% decline [2]. - Gross margin for Q2 was 37.6%, down from 45.2% in the same quarter last year [2]. - Operating margin was 13.2%, a significant drop from 22.4% year-over-year [2]. - Net income attributable to ON Semiconductor was $170.3 million, recovering from a loss of $486.1 million in Q1 2025 [2]. - Diluted earnings per share were $0.41 under GAAP and $0.53 under Non-GAAP, compared to $0.78 in Q2 2024 [2]. Future Outlook - The company expects Q3 revenue to be in the range of $1.47 billion to $1.57 billion, with earnings per share projected between $0.54 and $0.64 [3]. - CEO Hassan El-Houry stated that the ongoing transformation is leading to a more predictable business model, indicating confidence in long-term value creation and market recovery [3][4].

Q2 2025 Financial Highlights - Revenue reached $1.47 billion, a 2% increase Q/Q[14] - Gross margin was 37.6%, a decrease of 240 bps Q/Q[14] - Operating margin was 17.3%, a decrease of 90 bps Q/Q[14] - Diluted EPS was $0.53, a decrease of $0.02 Q/Q[14] Revenue Breakdown by Segment - Automotive revenue was $733 million, a 4% increase Q/Q[14] - Industrial revenue was $406 million, a 2% increase Q/Q[14] - Other revenue was $329 million, a 16% increase Q/Q[14] Q3 2025 Guidance - Revenue is expected to be between $1.465 billion and $1.565 billion[18] - Non-GAAP gross margin is expected to be between 36.5% and 38.5%[18] - Non-GAAP operating expenses are projected to be between $280 million and $295 million[18] - Non-GAAP diluted EPS is expected to be between $0.54 and $0.64[18] Long-Term Financial Targets (2027) - Revenue is targeted to grow at a CAGR of 10-12%[79, 86] - Gross margin is targeted to reach 53%[36, 79, 86] - Operating margin is targeted to reach 40%[79, 86] - Free cash flow is targeted to be 25-30% of revenue[37, 79, 86]

（文章来源：第一财经） 安森美半导体发布财报，2025年第二季度营收14.69亿美元，调整后每股收益0.53美元。 ...

安森美宣布，小米汽车电动SUV产品YU7部分车型配备了由安森美的EliteSiC M3e技术支持的先进800V 驱动平台。 ...

Exhibit 99.1 onsemi Reports Second Quarter 2025 Results Returned over 100% of free cash flow year-to-date through share repurchases SCOTTSDALE, Ariz., – Aug. 4, 2025 – onsemi (the "Company") (Nasdaq: ON) today announced its second quarter 2025 results with the following highlights: "Our ongoing transformation is resulting in a more predictable business model, reflecting the strength of our strategy and our commitment to long-term value creation. We are beginning to see signs of stabilization across our end ...

SCOTTSDALE, Ariz., Aug. 04, 2025 (GLOBE NEWSWIRE) -- onsemi (the "Company") (Nasdaq: ON) today announced its second quarter 2025 results with the following highlights: "Our ongoing transformation is resulting in a more predictable business model, reflecting the strength of our strategy and our commitment to long-term value creation. We are beginning to see signs of stabilization across our end markets, and we remain well-positioned to benefit from a market recovery," said Hassane El-Khoury, president and CE ...

Core Insights - onsemi's EliteSiC technology enables electric vehicles to achieve the longest driving range in their class, particularly in select Xiaomi YU7 electric SUV models featuring an advanced 800V drive platform [1][2][3] Group 1: Technology and Performance - The integration of onsemi's EliteSiC M3e technology into traction inverters enhances performance and power density while reducing system costs, allowing for longer driving ranges [2][3] - onsemi's EliteSiC technology boasts the lowest on-resistance in the industry, facilitating faster vehicle acceleration without compromising efficiency and range [2][3] Group 2: Industry Impact - The technology is positioned to redefine electric mobility standards by enabling higher power density, improved thermal performance, and superior energy efficiency, which are essential for next-generation electric vehicles [3] - As the global shift towards electrification accelerates, onsemi's solutions are becoming integral in setting new benchmarks for longer ranges and higher performance in electric vehicles [3] Group 3: Company Overview - onsemi is focused on driving innovations in automotive and industrial markets, addressing megatrends such as vehicle electrification, sustainable energy grids, and industrial automation [4] - The company is included in the Nasdaq-100 Index and S&P 500 index, highlighting its significant presence in the market [4]

Core Insights - onsemi has announced that select Xiaomi YU7 electric SUV models will utilize its advanced 800V drive platform powered by EliteSiC M3e technology, which enhances performance and efficiency for electric vehicles [1][2][3] Group 1: Technology and Performance - The integration of onsemi's EliteSiC M3e technology into traction inverters improves performance and power density while lowering overall system costs, enabling longer driving ranges for electric vehicle users [2] - EliteSiC technology boasts the lowest on-resistance in the industry, facilitating faster vehicle acceleration without compromising efficiency and range [2][3] - The technology is designed to support the development of electric vehicles that offer longer ranges, quicker acceleration, and enhanced reliability, setting new standards in electric mobility [3] Group 2: Company Overview - onsemi focuses on automotive and industrial markets, driving innovations in vehicle electrification, sustainable energy, industrial automation, and 5G infrastructure [4] - The company is recognized for its differentiated product portfolio that addresses complex global challenges, contributing to a safer, cleaner, and smarter world [4] - onsemi is listed in the Nasdaq-100 Index and S&P 500 Index, indicating its significant presence in the market [4]

Core Viewpoint - On Semiconductor (ON) is expected to report second-quarter 2025 results on August 4, with projected revenues between $1.4 billion and $1.5 billion, and earnings per share (EPS) in the range of 48-58 cents, indicating a decline from the previous year [1][10]. Revenue and Earnings Expectations - The Zacks Consensus Estimate for second-quarter 2025 revenues is $1.45 billion, reflecting a 16.44% decline from the same quarter last year [1]. - The consensus for earnings is set at 54 cents per share, which represents a 43.75% decrease compared to the prior year's figure [2]. Segment Performance - The automotive segment experienced a sequential decline of 26% in the first quarter of 2025, and is expected to continue declining in the second quarter due to slow EV adoption, supply-chain disruptions, and geopolitical uncertainties [3]. - Conversely, the industrial segment showed signs of recovery, with revenues anticipated to increase in the mid to high single digits sequentially [4]. Pricing and Margin Impact - To maintain market share, ON Semiconductor reduced pricing by low single digits in the first quarter, which is not expected to impact revenues but may affect the bottom line [5]. - The company anticipates a decline in gross margin due to under-absorption of resources and reduced factory utilization in the upcoming quarter [6]. Cost Management Initiatives - A company-wide restructuring initiative in the first quarter led to a 9% workforce reduction and the shutdown of non-manufacturing sites, expected to generate approximately $25 million in cost savings [7]. Earnings Prediction Model - According to the Zacks model, ON has an Earnings ESP of +16.85% and a Zacks Rank of 2 (Buy), indicating a favorable outlook for an earnings beat [8].