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 ...

Financial Performance & Guidance - Q4 2024 revenue was $1.72 billion, a 15% year-over-year decrease[11] - Q4 2024 non-GAAP gross margin was 45.3%, a 140 bps year-over-year decrease[11] - Q4 2024 non-GAAP operating margin was 26.7%, a 490 bps year-over-year decrease[11] - Q4 2024 diluted EPS was $0.95[11] - Q1 2025 revenue is guided to be between $1.35 billion and $1.45 billion[20] - Q1 2025 non-GAAP gross margin is guided to be between 39% and 41%[20] - Q1 2025 non-GAAP EPS is guided to be between $0.45 and $0.55[22] Strategic Initiatives & Market Focus - AI Data Center revenue grew by more than 40% year-over-year in 2024[8] - onsemi launched the Treo Platform, unlocking a $36 billion total addressable market (TAM) with up to 70% gross margin[8, 16] - onsemi acquired Silicon Carbide (SiC) JFET assets from Qorvo, expanding market opportunity by $1.3 billion by 2030[8, 17] Capital Allocation - onsemi returned 54% of free cash flow to shareholders through stock repurchases in 2024[8]

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 ...

Company Performance - ON Semiconductor Corp. closed at $52.32, reflecting a -1.79% change from the previous trading day's closing, which is less than the S&P 500's daily loss of 0.51% [1] - The company experienced a loss of 13.68% over the previous month, underperforming compared to the Computer and Technology sector's gain of 0.79% and the S&P 500's gain of 2.87% [1] Upcoming Earnings - The earnings report for ON Semiconductor is scheduled for February 10, 2025, with an expected EPS of $0.98, indicating a 21.6% decrease from the same quarter last year [2] - The consensus estimate for quarterly revenue is $1.76 billion, down 12.87% from the year-ago period [2] Analyst Forecasts - Recent revisions to analyst forecasts for ON Semiconductor should be monitored, as they reflect short-term business trends and can indicate analyst optimism regarding the company's profitability [3] - A 6.79% decline in the Zacks Consensus EPS estimate has been noted over the past month, and ON Semiconductor currently holds a Zacks Rank of 5 (Strong Sell) [5] Valuation Metrics - ON Semiconductor has a Forward P/E ratio of 12.82, which is a discount compared to the industry's average Forward P/E of 37.75 [6] - The company has a PEG ratio of 10.02, significantly higher than the average PEG ratio of 2.59 for the Semiconductor - Analog and Mixed industry [7] Industry Context - The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 233, placing it in the bottom 8% of over 250 industries [8]