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ON Semiconductor (ON)
NASDAQ:ON
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.97Last Year’s EPS
1.25Same Quarter Last Year
Moderate Buy
Based on 22 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2018
|% Change Since: -24.90%
|Next Earnings Date:Jul 29, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted growth in silicon carbide and intelligent sensing, as well as an increase in free cash flow and mass market customers. However, automotive and industrial revenues declined significantly year-over-year, and the gross margin also saw a slight decline. The guidance for the next quarter reflects ongoing market challenges.Company Guidance
In the ON Semiconductor's Q3 2024 earnings call, the company provided several key metrics and projections. Revenue for the quarter was reported at $1.76 billion, reflecting a 2% sequential increase. The company achieved a non-GAAP gross margin of 45.5% and a non-GAAP operating margin of 28.2%. Automotive revenue reached $951 million, up 5% sequentially, despite a year-over-year decline of 18%. Industrial revenue was $440 million, down 6% sequentially and 29% year-over-year. The company highlighted a 41% sequential increase in free cash flow, amounting to $294 million, representing 17% of revenue. Capital expenditures were reported at $172 million. For Q4 2024, ON Semiconductor projected revenue between $1.71 billion to $1.81 billion and anticipated a non-GAAP gross margin between 44% and 46%. The company also mentioned its strategic expansion in silicon carbide, with expectations of low- to mid-single-digit growth over 2023 for the full year 2024.Silicon Carbide Revenue Growth
Silicon carbide revenue increased sequentially, driven by utility scale solar and share gains in China BEVs. The company expects to exit the year with approximately 50% of China's BEV silicon carbide market share.
Intelligent Sensing Business Growth
The Intelligent Sensing business grew 11% quarter-over-quarter, with strength in ADAS and industrial imaging across a range of applications such as machine vision, robotics, and scanning.
Free Cash Flow Increase
Q3 free cash flow increased 41% sequentially as the company achieved its CapEx target ahead of schedule.
Mass Market Customer Growth
Mass market customer count grew 15% year-over-year in the third quarter as the company increased inventory in the distribution channel to support this growth.
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ON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $71.25 | $72.24 | +1.39% |
| Jul 29, 2024 | $70.17 | $78.27 | +11.54% |
| Apr 29, 2024 | $68.06 | $70.82 | +4.06% |
| Feb 05, 2024 | $70.83 | $77.59 | +9.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ON Semiconductor (ON) report earnings?
ON Semiconductor (ON) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is ON Semiconductor (ON) earnings time?
ON Semiconductor (ON) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ON EPS forecast?
ON EPS forecast for the fiscal quarter 2024 (Q4) is 0.97.
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