Have you assessed how the international operations of ON Semiconductor Corp. (ON) performed in the quarter ended March 2024? For this semiconductor components maker, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth tr ...

onsemi (ON) reported first-quarter 2024 non-GAAP earnings of $1.08 per share, outpacing the Zacks Consensus Estimate by 3.85% but declining 9.2% year over year.Revenues of $1.86 billion beat the Zacks Consensus Estimate by 0.61% but declined 4.9% on a year-over-year basis.Top-Line DetailsPower Solutions Group revenues of $874.2 million (accounting for 47% of revenues) increased 1.6% year over year. The figure beat the Zacks Consensus Estimate by 2.68%.Analog & Mixed Group revenues of $697 million (37.4% of ...

ON Semiconductor Corporation (NASDAQ:ON) Q1 2024 Earnings Conference Call April 29, 2024 9:00 AM ET Company Participants Parag Agarwal - VP, IR and Corporate Development Hassane El-Khoury - President and CEO Thad Trent - CFO Conference Call Participants Ross Seymore - Deutsche Bank Vivek Arya - Bank of America Securities Chris Danely - Citi Toshiya Hari - Goldman Sachs Gary Mobley - Wells Fargo Securities Harsh Kumar - Piper Sandler Harlan Sur - JPMorgan Christopher Rolland - Susquehanna Joseph Moore - Morg ...

ON Semiconductor Corp. (ON) reported $1.86 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 5%. EPS of $1.08 for the same period compares to $1.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.85 billion, representing a surprise of +0.61%. The company delivered an EPS surprise of +3.85%, with the consensus EPS estimate being $1.04.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Key Pointsonsemi had a tepid quarter, but it was better than expected, and it may experience a solid rebound in its share price.The technicals favor a rebound; the question is if this is a relief rally or sustainable.Analysts see about a 40% upside for this stock. 5 stocks we like better than Onsemionsemi’s NASDAQ: ON stock price corrected significantly over the last year, setting up today's opportunity. Today's opportunity is a rebound in an oversold name with a solid outlook for long-term growth. The char ...

ON Semiconductor Corp. (ON) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $1.21 per share when it actually produced earnings of $1.25, delivering a surprise of 3.31%.Over the last f ...

Financial Performance - Revenue for Q1 2024 was $1,862.7 million, a decrease of 8% sequentially from Q4 2023 and a decrease of 5% year-over-year from Q1 2023[2] - Net income attributable to ON Semiconductor Corporation for Q1 2024 was $453.0 million, compared to $562.7 million in Q4 2023 and $461.7 million in Q1 2023[2] - Diluted earnings per share for Q1 2024 was $1.04, down from $1.28 in Q4 2023 and up from $1.03 in Q1 2023[2] - Non-GAAP net income attributable to ON Semiconductor Corporation was $464.5 million for the quarter, compared to $540.9 million in the prior quarter, reflecting a decrease of approximately 14.1%[23] - Revenue for the quarter was $2,094.4 million, compared to $2,180.8 million in the previous quarter, indicating a decline of about 3.9%[27] Margins and Profitability - GAAP gross margin for Q1 2024 was 45.8%, down from 46.7% in Q4 2023 and 46.8% in Q1 2023[2] - Non-GAAP gross profit for Q1 2024 was $855.1 million, slightly down from $916.8 million in Q1 2023, indicating a decline of 6.7%[21] - Non-GAAP operating income for Q1 2024 was $540.8 million, down from $630.8 million in Q1 2023, reflecting a decline of 14.3%[21] - Cash flows from operating activities totaled $498.7 million for Q1 2024, an increase from $408.9 million in Q1 2023, marking a growth of 22.0%[19] Cash Flow and Shareholder Returns - Free cash flow increased approximately 3x year-over-year, with nearly 100% returned to shareholders through stock repurchases[3] - The company repurchased $100.0 million of common stock during the quarter, compared to $104.0 million in the same quarter last year[19] - Free cash flow for the quarter was $276.3 million, an increase from $220.7 million in the prior quarter[27] Future Projections - The company projects Q2 2024 revenue to be between $1,680 million and $1,780 million, with a gross margin forecast of 44.1% to 46.1%[7] - Operating expenses for Q2 2024 are expected to be between $327 million and $342 million[7] Balance Sheet and Assets - Total assets increased to $13,482.9 million as of March 29, 2024, up from $13,215.2 million at December 31, 2023, representing a growth of 2.0%[17] - Total liabilities decreased to $5,340.3 million as of March 29, 2024, down from $5,807.3 million a year earlier, a reduction of 8.1%[17] - Long-term debt remained stable at $2,544.1 million as of March 29, 2024, compared to $2,538.0 million a year earlier[17] Operational Changes - onsemi has reorganized certain reporting units and its segment reporting structure during Q1 2024[5] - The PSG segment reported revenue of $965.5 million in Q1 2024, a 2% increase year-over-year but a 9% decrease sequentially[5] Tax and Depreciation - Cash paid for income taxes was $23.6 million for the quarter, significantly lower than $100.8 million in the previous quarter[27] - Depreciation and amortization for the quarter was $154.9 million, slightly down from $160.3 million in the previous quarter[27]

Core Viewpoint - ON Semiconductor Corp. is expected to report a quarterly earnings per share (EPS) of $1.05, reflecting an 11.8% year-over-year decline, with revenues projected at $1.85 billion, down 5.5% from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised down by 0.1% in the last 30 days, indicating a reassessment by analysts [1] - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [1] Revenue Projections - Analysts project 'Revenue- Market- Automotive' to be $1.04 billion, representing a 5% increase from the prior year [2] - 'Revenue- Market- Industrial' is expected to reach $456 million, indicating an 18% decline year-over-year [2] - The estimate for 'Revenue- Market- Others' is $358.68 million, reflecting a 14.1% decrease from the previous year [2] Stock Performance - Over the past month, ON Semiconductor shares have decreased by 15.4%, compared to a 3% decline in the Zacks S&P 500 composite [3] - The company currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near term [3]

ON Semiconductor Corp. (ON) closed the most recent trading day at $60.05, moving -1.09% from the previous trading session. This change lagged the S&P 500's 0.87% gain on the day. Elsewhere, the Dow saw an upswing of 0.67%, while the tech-heavy Nasdaq appreciated by 1.11%.The semiconductor components maker's shares have seen a decrease of 18.71% over the last month, not keeping up with the Computer and Technology sector's loss of 5.98% and the S&P 500's loss of 3.97%.The investment community will be closely ...

ON Semiconductor Corp. (ON) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apri ...