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Onsemi Stock Sinks on Worse-Than-Expected Results, Outlook
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Key Points
- On semiconductors or Onsemi, the results and guidance are worse due to continued difficult market conditions.
- Power Chips’ manufacturer reported sales declines in all three of its divisions.
- Onsemi said the business outlook for 2025 is “still uncertain”.
ON Semiconductor shares (exist) Also known as Onsemi, amid the lack of profit, sales and guidance estimates by Power Chips, depreciated more than 6% on Monday as it said it faces a difficult macroeconomic situation.
The company released a fourth-quarter adjustment Earnings per share (EPS) $0.95, revenue fell nearly 15% year-on-year to $1.72 billion. Neither of them have visible alpha predictions.
Power Solutions Group sales fell 16% to $809.4 million. In the analog and mixed signal group, they fell 18% to $610.6 million, and in the smart sensing group, they fell less than 2% to $302.5 million.
CEO says Onsemi is committed to long-term strategy
CEO Hassane El-Khoury said Onsemi continues to “drive this market downturn” and “while 2025 remains uncertain”, the company is committed to its long-term strategy.
Onmi predicts adjusted earnings per share for the current quarter are $0.45 to $0.55, with revenue of $1.35 billion to $1.45 billion. Analysts surveyed by Visible Alpha are looking for $0.88 and $1.68 billion respectively.
On semiconductors, it was about 6.5% on Monday morning, the lowest level since June 2022.
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