Core Insights - onsemi has announced that select Xiaomi YU7 electric SUV models will utilize its advanced 800V drive platform powered by EliteSiC M3e technology, which enhances performance and efficiency for electric vehicles [1][2][3] Group 1: Technology and Performance - The integration of onsemi's EliteSiC M3e technology into traction inverters improves performance and power density while lowering overall system costs, enabling longer driving ranges for electric vehicle users [2] - EliteSiC technology boasts the lowest on-resistance in the industry, facilitating faster vehicle acceleration without compromising efficiency and range [2][3] - The technology is designed to support the development of electric vehicles that offer longer ranges, quicker acceleration, and enhanced reliability, setting new standards in electric mobility [3] Group 2: Company Overview - onsemi focuses on automotive and industrial markets, driving innovations in vehicle electrification, sustainable energy, industrial automation, and 5G infrastructure [4] - The company is recognized for its differentiated product portfolio that addresses complex global challenges, contributing to a safer, cleaner, and smarter world [4] - onsemi is listed in the Nasdaq-100 Index and S&P 500 Index, indicating its significant presence in the market [4]

Core Insights - Lear's Q2 2025 earnings report showed both GAAP revenue and non-GAAP adjusted EPS exceeded analyst expectations, with revenue at $6.03 billion and adjusted EPS at $3.47 [1][2] - Despite the revenue and EPS beats, earnings and profit margins declined compared to the same quarter last year, indicating ongoing operational challenges [1][5] Financial Performance - Q2 2025 Non-GAAP EPS was $3.47, beating the estimate of $3.30 but down 3.6% from Q2 2024 [2] - GAAP EPS was $3.06, a slight increase of 1.3% from Q2 2024 [2] - GAAP revenue was $6.03 billion, surpassing the estimate of $5.92 billion and showing a marginal increase of 0.3% year-over-year [2] - Adjusted net income decreased by 8.7% to $188 million compared to $205.8 million in Q2 2024 [2] - Core operating earnings fell by 3.3% to $292 million from $302 million in Q2 2024 [2] - Free cash flow was reported at $171 million, a slight increase of 0.5% from $170 million [2] Business Segments - Lear operates in two main segments: Seating and E-Systems, with steady sales in both areas [5] - Seating sales saw a slight increase compared to Q2 2024, while E-Systems sales dipped by less than 1% [5] - Adjusted segment margins for Seating held at 6.7%, while E-Systems margins decreased to 4.9% from 5.3% in Q2 2024 [5] Geographic Performance - Lear experienced a notable 9% increase in vehicle production in China, while sales in North America and Europe/Africa declined [6] - Global vehicle production rose by 3%, but Lear's sales-weighted production remained flat, indicating challenges in demand shifts [6] Cash Position and Shareholder Returns - The company reported $888 million in cash and equivalents and $2.9 billion in liquidity at the end of the quarter [7] - Share repurchases totaled $25 million, with $41 million paid out in dividends [7] - Since 2011, the share repurchase program has reduced outstanding shares by approximately 57%, with about $1.0 billion remaining authorized for buybacks [7] Innovation and Strategic Focus - Lear is focusing on innovation in product design and automation, with partnerships like the one with Palantir to enhance profitability [8][9] - The company has secured new contracts in the E-Systems segment for integrated wiring and high-voltage systems, particularly with EV manufacturers [9] Guidance and Future Outlook - Management restored financial guidance for 2025, projecting net sales between $22.47 billion and $23.07 billion and free cash flow estimated at $420 million to $520 million [11] - The guidance assumes a 2% decrease in global industry production compared to 2024 on a Lear sales-weighted basis [11] - Ongoing international trade negotiations may introduce uncertainty in auto demand and production schedules [12]

Core Insights - onsemi has announced an expanded collaboration with Schaeffler to utilize its next-generation EliteSiC technology in a traction inverter for a leading global automaker's plug-in hybrid electric vehicle (PHEV) platform [1][4] Group 1: Technology and Performance - onsemi's EliteSiC technology significantly reduces conduction losses and enhances short-circuit robustness, leading to a compact and thermally efficient inverter design that improves overall system performance [2] - The silicon carbide-based solution offers the lowest on-state resistance, providing the highest peak power compared to other SiC solutions in its class, which allows for measurable benefits to end customers [2] Group 2: Industry Trends - The automotive industry is increasingly focusing on energy efficiency and performance, transitioning to advanced hybrid architectures even in cost-sensitive EV platforms, traditionally dominated by insulated-gate bipolar transistors (IGBTs) [3] - onsemi's leadership in silicon carbide technology positions it at the forefront of this transition, enabling Schaeffler to meet stringent performance and packaging requirements for EV systems [3] Group 3: Strategic Positioning - As the exclusive silicon carbide supplier for this program, onsemi strengthens its position as a trusted innovation partner for leading global automotive players, emphasizing its commitment to high-efficiency electric mobility solutions [4] - This collaboration builds on a long-term partnership between onsemi and Schaeffler, reinforcing their shared commitment to delivering innovative electric powertrain systems for both battery electric vehicles and plug-in hybrid platforms [4]

Vehicle electrification is moving at drastically different paces depending on the market and the popularity of different drivetrains https://t.co/RFXsqt3Frz ...

Financial Performance - Worthington Steel's net sales for FY2025 were $3.093 billion[13, 74] - The adjusted EBITDA for FY2025 was $215 million, with a margin of 7.0%[13, 76] - Free cash flow for FY2025 was $99.9 million[13] - Capital expenditures for FY2025 were $130.4 million, representing 4.2% of sales[13, 91] Market Position and Strategy - Worthington Steel delivered 3.8 million tons of steel[13] - Automotive end-market accounts for 52% of net sales[14, 39] - The company has 32 manufacturing facilities primarily in North America[13, 27] - The company aims to achieve a 10%+ adjusted EBITDA margin through the Worthington Business System, product mix optimization, new product introductions, and strategic acquisitions[81, 82] Strategic Initiatives - The company is investing $85 million to expand xEV production capacity in Mexico, with 50% of the additional capacity already filled with new business and targeting start of production for fall 2025[64] - The company is investing $85 million to increase transformer core making capacity in Canada, with 80% already spent and targeting start of production for early CY2026[64] - The company acquired 52% ownership of Sitem Group to strengthen its electrical steel business globally[28, 70]