Financial Data and Key Metrics Changes - The company reported Q2 revenue of $1.47 billion, exceeding the midpoint of guidance and increasing by 1.6% from Q1 [8][18] - Non-GAAP gross margin was 37.6%, above the midpoint of guidance, while diluted non-GAAP earnings per share (EPS) was $0.53, down from $0.96 year-over-year [19][20] - GAAP operating expenses decreased to $359 million from $396 million in the previous quarter, reflecting the benefits of restructuring efforts [18][19] Business Line Data and Key Metrics Changes - Automotive revenue was $733 million, down 4% sequentially, but expected to grow in Q3 due to continued electric vehicle (EV) ramps [9][18] - Industrial revenue increased by 2% quarter-over-quarter, while revenue for AI Data Center nearly doubled year-over-year, indicating strong growth in this segment [10][18] - Power Solutions Group (PSG) revenue was $698 million, up 8% quarter-over-quarter, while Analog and Mixed Signal Group (AMG) revenue decreased by 2% [18] Market Data and Key Metrics Changes - China revenue grew 23% sequentially, driven by silicon carbide products and new EV ramps, highlighting China as a growth driver for the company [9][10] - The automotive market outside of China, particularly in North America and Europe, remains weak, contributing to the overall decline in automotive revenue [41][44] Company Strategy and Development Direction - The company is focused on strategic investments in automotive, industrial, and AI data center sectors to enhance competitive edge and deepen customer relationships [6][8] - Ongoing transformation includes exiting non-core businesses and repositioning the image sensing portfolio towards higher value segments like ADAS and machine vision [12][24] - The company aims to rationalize its product portfolio to shift towards higher value and higher margin products, with expectations of a $200 million revenue impact from exits in 2025 [22][100] Management's Comments on Operating Environment and Future Outlook - Management noted signs of stabilization in demand across end markets, with cautious optimism for recovery, particularly in automotive [28][29] - The company expects Q3 revenue to be in the range of $1.465 billion to $1.565 billion, with non-GAAP gross margin projected between 36.5% and 38.5% [22][24] - Management remains focused on operational efficiencies and disciplined capital allocation to enhance long-term shareholder value [16][24] Other Important Information - The company has increased its share repurchase target to 100% of free cash flow for 2025, having repurchased an additional $300 million in Q2 [17][20] - Capital expenditures in Q2 were $78 million, representing 5% of revenue, with expectations for continued investment in next-generation technologies [21][23] Q&A Session Summary Question: What are the current cyclical trends and headwinds? - Management noted stabilization in the automotive sector, with expectations for growth in Q3, but remains cautious due to uncertainties in the market [28][29] Question: What is the outlook for gross margins? - Management indicated that margin expansion is tied to utilization rates, with expectations for improvement as the market recovers [33][35] Question: What drove the softness in industrial revenue? - The decline was primarily due to traditional industrial sectors, which have stabilized but are experiencing fluctuations [39] Question: How is the automotive recovery progressing? - Management highlighted weakness in North America and Europe, but expects growth in Q3 as the company moves past the trough [44][45] Question: What is the impact of exiting non-core businesses? - The company anticipates a $200 million impact from exits in 2025, with a focus on higher value segments [100] Question: How is the company preparing for potential tariff impacts? - Management emphasized maintaining flexibility and focusing on controllable factors within their manufacturing footprint [107][108] Question: What is the status of the East Fishkill facility? - The facility is operational with qualified products, contributing to the overall utilization and production capacity [102][103]

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]

智通财经APP获悉，安森美半导体(ON.US)于美东时间8月4日盘前发布第二季度财报。数据显示，Q2营收14.7亿美元，超出 市场平均预期，但同比下降15.5%；Non-GAAP调整后每股盈利为0.53美元，去年同期为0.96美元，与市场平均预期一致。 | | Total onsemi | Special | Total onsemi | | --- | --- | --- | --- | | | GAAP | Items ** | Non-GAAP*** | | Revenue | $1,465 to $1,565 million | | $1,465 to $1,565 million | | Gross Margin | 36.4% to 38.4% | 0.1% | 36.5% to 38.5% | | Operating Expenses | $294 to $309 million | $14 million | $280 to $295 million | | Other Income and Expense (including interest), | | | | | net | ($8 m ...

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]

With the lowest on-resistance in the industry, onsemi's EliteSiC technology also raises the bar for peak power delivery within a smaller footprint to enable faster acceleration for vehicles without any sacrifice in efficiency and range. "onsemi's EliteSiC technology delivers industry-leading efficiency, power density, and thermal performance, enabling the development of electric vehicles with longer range, faster acceleration, and greater reliability," said Simon Keeton, group president, Power Solutions Gro ...