Onsemi Tops Q3 Estimates But Sales Continue To Slide and Its Outlook Is Soft

Key Takeaways ON Semiconductor, or Onsemi, beat third-quarter profit and revenue estimates, but sales continued to decline and the chipmaker gave weak guidance. All three of the company's units posted sales drops. The midpoint of Onsemi's current-quarter profit outlook was below forecasts. ON Semiconductor (ON) beat third-quarter profit and revenue estimates Monday, but sales continued to decline and the chipmaker gave weak guidance. The company also known as Onsemi reported third-quarter adjusted earnings ...