ON Semiconductor Corporation ( (ON) ) has released its Q2 earnings. Here is a breakdown of the information ON Semiconductor Corporation presented to its investors.
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ON Semiconductor Corporation, commonly known as onsemi, is a leading provider of intelligent power and sensing technologies, primarily serving the automotive and industrial sectors. The company is recognized for its innovative solutions that drive advancements in vehicle electrification, sustainable energy grids, industrial automation, and 5G infrastructure.
In its latest earnings report, onsemi announced a revenue of $1,468.7 million for the second quarter of 2025, alongside a GAAP gross margin of 37.6% and a non-GAAP gross margin of 37.6%. The company also reported a GAAP operating margin of 13.2% and a non-GAAP operating margin of 17.3%. Diluted earnings per share were $0.41 on a GAAP basis and $0.53 on a non-GAAP basis.
Key financial highlights include cash from operations amounting to $184.3 million and a free cash flow of $106.1 million. The company has returned over 100% of its free cash flow year-to-date through share repurchases, reflecting a strong commitment to shareholder value. Despite a year-over-year revenue decline of 15%, onsemi is showing signs of stabilization across its end markets.
Looking ahead, onsemi’s management remains optimistic about the company’s positioning for long-term growth. The focus remains on investing in next-generation technologies to maintain market leadership and capitalize on a potential market recovery. The company projects third-quarter 2025 revenue to be in the range of $1,465 to $1,565 million, with a gross margin between 36.4% and 38.4%.