ON Semiconductor Corporation (ON)
ON Q2 earnings decline but the stock is surging, here's why
ON Semiconductor announced Q2 earnings today. Even though its earnings are declining on a yearly basis, the company beat expectations and expects promising growth.
Onsemi beats second-quarter results estimates on steady auto chip demand
Onsemi marginally beat Wall Street expectations for second-quarter revenue and profit on Monday, helped by resilient demand for its automotive chips in an uncertain market, sending its shares up 10% in premarket trading.
ON Semiconductor: Q2 Preview Amid Mixed Signals In The Automotive Industry
onsemi is set to report Q2 2024 financial results on July 29. Expectations are for revenue between $1.68 billion and $1.78 billion and Q2 Non-GAAP EPS between $0.86 and $0.98. onsemi reported Q1 2024 financial results, with revenue of $1.86 billion and Q1 Non-GAAP EPS of $1.08 beating estimates. onsemi is heavily exposed to the EV automobile industry, with EV products in two of its three segments.
Forget Nvidia -- This Semiconductor Stock Is a Much Better Value
This company's two major end markets, automotives and industrial, are weak in 2024, but that won't last forever. There's potential for negative news flow, so the stock will only suit risk-tolerant investors.
Sell ON Semiconductor. Weak Demand and Rising Competition Are a Tough Combo.
The company makes over 80,000 chip products in the area of power and sensors for the auto and industrial markets.
ON Semiconductor Q2 Preview: Left Behind By The Generative AI Rally - Reiterate Cautious Buy
ON remains a compelling Buy, thanks to its design wins across the top Chinese OEMs in the automotive and energy storage/ renewable end markets. The robust LTSAs continue to offer great insights into its near-term prospects, further aided by the intermediate opportunities in the hybrid drivetrains and onboard chargers. For now, ON has unfortunately missed the data center/ AI boat, with IFNNY already reporting "design wins across AI processor makers and global hyperscalers."
Onsemi Stock Hits Bottom; Rebound in the Works
Onsemi NASDAQ: ON share price struggles in 2024, but the bottom is in, and a rebound is at hand. While sales will decline in 2024, the cause is macro, including end-market inventory, and an end to the pain is near.
3 No-Brainer EV Stocks to Buy With Lower Interest Rates in 2025
The electric vehicle (EV) market has slowed in 2024 but is poised for explosive growth over the next decade. As the global economy shifts to greener and more sustainable energy solutions, finding the best EV stocks to buy will be a strategic move.
On Semiconductor (ON) Expands SiC Footprint in Czech Republic
On Semiconductor (ON) announces a $2-billion investment in vertically-integrated SiC manufacturing facility in the Czech Republic, boosting global semiconductor capabilities.
Onsemi to invest up to $2 bln in Czech semiconductor plant
U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company's European capacity as the European Union seeks self-sufficiency in critical supplies.
Onsemi Layoffs 2024: What to Know as Onsemi Cuts 1,000 Jobs
Onsemi (NASDAQ: ON ) layoffs are a hot topic on Friday as the semiconductor company has announced plans to cut 1,000 jobs. A statement from Onsemi notes that these cuts will be global as it looks to reduce costs and streamline operations.
Onsemi to cut 1,000 jobs globally
Chipmaker Onsemi said on Thursday it would cut its global workforce by about 1,000 employees, as part of its previously announced strategy to optimize its manufacturing network and streamline global presence.
