The earnings call reflects a balanced sentiment. While there are significant highlights, such as the growth in AI data centers, strategic investments, and China market expansion, there are notable lowlights, including declines in automotive and ISG revenue, gross margin challenges, and pricing pressures. The company's strategic initiatives and collaborations are promising, yet current market challenges persist.

Company Guidance

During the call, onsemi provided detailed guidance for the third quarter of 2025, projecting revenue to be in the range of $1.465 billion to $1.565 billion. The company's non-GAAP gross margin is expected to be between 36.5% and 38.5%, which includes share-based compensation of $6 million. Operating expenses are anticipated to be between $280 million and $295 million, incorporating share-based compensation of $32 million. Non-GAAP earnings per share are forecasted to range from $0.54 to $0.64, with a non-GAAP tax rate of approximately 16% and a diluted share count of around 410 million. Capital expenditures are projected to be between $35 million and $50 million. Furthermore, onsemi highlighted the ongoing transformation of its product portfolio toward higher-value and higher-margin products, with an expectation that approximately 5% of its 2025 revenue will not repeat in 2026 due to the end-of-life of certain legacy products and the repositioning of its Intelligent Sensing Group.

AI Data Center Revenue Surge

Revenue for AI data center nearly doubled again in Q2 over the same quarter last year, indicating strong growth in this segment.

China Market Growth

China revenue in Q2 grew 23% sequentially, driven by new EV ramps and strong traction in both BEV and PHEV platforms.

Strategic Investments and Partnerships

Ongoing collaborations with major players like NVIDIA and Schaeffler and investment in next-generation technologies to maintain competitive edge.

Record Milestone for Treo Platform

Shipped over 5 million units from East Fishkill facility this year, with the design funnel doubling quarter-over-quarter.

Share Repurchase Program

Increased 2025 targeted share repurchase to 100% of free cash flow, returning 107% of free cash flow to shareholders on a year-to-date basis.

ON Semiconductor (ON) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ON Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	0.59 / -	0.99	―	―	―
Aug 05, 2025	2025 (Q2)	0.53 / 0.53	0.96	-44.79% (-0.43)
May 05, 2025	2025 (Q1)	0.50 / 0.55	1.08	-49.07% (-0.53)
Feb 10, 2025	2024 (Q4)	0.97 / 0.95	1.25	-24.00% (-0.30)
Oct 28, 2024	2024 (Q3)	0.97 / 0.99	1.39	-28.78% (-0.40)
Jul 29, 2024	2024 (Q2)	0.92 / 0.96	1.33	-27.82% (-0.37)
Apr 29, 2024	2024 (Q1)	1.04 / 1.08	1.19	-9.24% (-0.11)
Feb 05, 2024	2023 (Q4)	1.21 / 1.25	1.32	-5.30% (-0.07)
Oct 30, 2023	2023 (Q3)	1.34 / 1.39	1.45	-4.14% (-0.06)
Jul 31, 2023	2023 (Q2)	1.21 / 1.33	1.34	-0.75% (-0.01)

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

ON Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$47.97	$47.24	-1.52%
May 05, 2025	$41.91	$38.41	-8.35%
Feb 10, 2025	$51.25	$47.04	-8.21%
Oct 28, 2024	$71.25	$72.24	+1.39%

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.