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]

Group 1 - The company focuses on GARP (growth at a reasonable price) stocks while also exploring various investment opportunities [1] - The investment strategy is based on the validity of the investment thesis, with no specified time horizon for holding stocks [1] - The company has developed market-beating algorithms using Python to identify attractive investment opportunities within its portfolio since 2016 [1] Group 2 - The company has experience working at TipRanks as an analysis/news writer and editor, which has enhanced its market awareness and understanding of reader interests [2] - As an editor, the company emphasized the importance of accuracy and detail, recognizing the prevalence of misinformation in the market [2] - The goal of the company is to provide accurate and useful information to its audience [2] Group 3 - The company was previously associated with Investor's Compass [3]

Needham analyst N. Quinn Bolton maintained ON Semiconductor ON with a Buy and lowered the price target from $87 to $66.Bolton met with ON Semiconductor management at the annual Consumer Electronics Show last week.Like recent quarters, end demand conditions remain muted across the company’s key industrial and automotive end markets, and inventory digestion continues.Also Read: Verizon Hits 5.5 Gbps 5G Speeds, Lands Air Force Deal to Upgrade Base Networks NationwideIn the near term, turn orders have been weak ...

On Semiconductor has numerous growth opportunities.In today's video, I discuss On Semiconductor (ON -7.05%), its business strategy, growth opportunities, potential risks, and why artificial intelligence stock investors should not ignore this massive social company.*Stock prices used were the market prices of January 9, 2025. The video was published on January 10, 2025. ...

There has been more supply, or shares for sale, than there has been demand, or shares to buy, for ON Semiconductor Corporation ON, pushing the price lower.There is a good chance that a new downtrend is forming. This is why our team of technical analysts has made it our Stock of the Day.Sometimes, analysts overcomplicate technical analysis. They seem to forget that if understood and applied correctly, it is the analysis of supply and demand in a market.If demand and supply are equal, or if there’s more deman ...