ON Semiconductor Corporation
51.40-0.40 (-0.77%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · ON · USD
Key Stats
Market Cap
21.02BP/E (TTM)
48.95Basic EPS (TTM)
1.05Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
onsemi's Q2 revenue fell 15% y/y to $1.47B, driven by softer automotive and industrial demand across PSG, AMG, and ISG segments, while gross margin slipped to 37.6% from 45.2% amid underutilization and unfavorable mix. Operating income dropped to $193M from $389M, pressured by $49M in restructuring and impairment charges tied to the 2025 Manufacturing Realignment Program. Yet cash from operations held strong at $787M YTD, supporting $602M in share repurchases; free cash flow came in at $561M YTD (derived). The January acquisition of Qorvo's SiC JFET business for $119M cash added $54M goodwill and $64M intangibles to bolster PSG's AI data center push. With $2.5B cash and $1.1B revolver availability, liquidity looks solid despite ongoing securities litigation risks.
8-K
onsemi Q2 revenue dips 15%
onsemi reported Q2 2025 revenue of $1,468.7 million, down 15% year-over-year yet up 2% sequentially, with GAAP gross margin rebounding to 37.6% after Q1's restructuring hit. Non-GAAP EPS came in at $0.53, backed by $106.1 million free cash flow, all returned via share repurchases. Markets stabilize, but end-market softness lingers. Q3 revenue outlook: $1,465 to $1,565 million.
8-K
Annual meeting votes pass
ON Semiconductor's stockholders convened their 2025 annual meeting on May 15, overwhelmingly electing eight directors, including CEO Hassane El-Khoury, for one-year terms amid strong support exceeding 95% for most. They also approved executive compensation on an advisory basis and ratified PricewaterhouseCoopers as auditors for the year. Votes sailed through. This routine governance nod signals steady board continuity amid semiconductor market pressures.
8-K
Q1 revenue falls, cash flow rises
onsemi reported Q1 2025 revenue of $1.45 billion, down 22% year-over-year amid market downturn, with GAAP operating loss of $574 million driven by $539 million in restructuring and asset impairment charges. Yet non-GAAP operating margin held at 18.3%, while free cash flow surged 72% to $455 million, enabling 66% return to shareholders via repurchases. Design wins remain strong across end-markets. Q2 outlook projects revenue of $1.4-1.5 billion.
10-Q
Q1 FY2025 results
onsemi's Q1 FY2025 revenue fell 22% year-over-year to $1,445.7 million, driven by softer demand in automotive and industrial end-markets, with PSG down 26%, AMG off 19%, and ISG dropping 20%. Gross profit plunged to $293.8 million from $853.6 million, yielding a 20.3% margin versus 45.8% last year, hammered by $237.7 million in excess inventory charges and $431.5 million in asset impairments tied to the 2025 Manufacturing Realignment Program that cut 2,400 jobs. Operating loss hit $573.7 million, contrasting $525.2 million income, while diluted EPS swung to $(1.15) from $1.04; shares held flat at 421.3 million due to anti-dilution from the net loss. Cash from operations surged 21% to $602.3 million, free cash flow reached $454.7 million (derived), bolstering $2,762.5 million in cash equivalents against $3,348.3 million in long-term debt, including a $1.5 billion revolver with $1.1 billion available. The January 2025 acquisition of Qorvo's SiC JFET business for $118.8 million cash added $53.7 million goodwill and $64.0 million intangibles to PSG, eyeing AI data center efficiencies. Restructuring stings now, but capacity realignment sharpens focus. Yet competition in power semiconductors remains fierce.
ALGM
Allegro MicroSystems, Inc.
30.74+0.08
AVGO
Broadcom Inc.
385.98+13.01
IFNNF
Infineon Technologies AG
38.86+0.00
MCHP
Microchip Technology Incorporat
62.54-1.10
MPWR
Monolithic Power Systems, Inc.
1094.08+7.72
MX
Magnachip Semiconductor Corpora
3.04+0.00
POET
POET Technologies Inc.
6.63-0.44
SMTC
Semtech Corporation
69.56-0.88
STM
STMicroelectronics N.V.
24.68-0.53
TXN
Texas Instruments Incorporated
160.26-6.65