ON Semiconductor's fourth-quarter 2024 performance reflects sluggishness across the automotive and industrial end markets.
ON Semiconductor Corporation (NASDAQ:ON ) Q4 2024 Earnings Conference Call February 10, 2025 9:00 AM ET Company Participants Parag Agarwal - VP, IR and Corporate Development Hassane El-Khoury - President and CEO Thad Trent - CFO Conference Call Participants Ross Seymore - Deutsche Bank Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Chris Danely - Citi Blayne Curtis - Jefferies Joshua Buchalter - TD Cowen Vijay Rakesh - Mizuho Christopher Rolland - Susquehanna Gary Mobley - Loop Capital Joe Quatrochi - Wells Fargo Tore Svanberg - Stifel Harsh Kumar - Piper Sandler Operator Good day, and thank you for standing by. Welcome to the onsemi Fourth Quarter 2024 Earnings Conference Call.
Shares of ON Semiconductor (ON), also known as Onsemi, sank more than 6% Monday after the maker of power chips missed profit, sales, and guidance estimates as it said it faced difficult macroeconomic conditions.
Although the revenue and EPS for ON Semiconductor Corp. (ON) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
ON Semiconductor Corp (NASDAQ:ON) stock is down 5.1% to trade at a two-year low of $48.55 at last check, after the chip concern missed top- and bottom-line estimates for the fourth quarter and issued a dismal fiscal first-quarter forecast.
ON Semiconductor Corp. (ON) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.25 per share a year ago.
The Trump Administration announced new tariffs on steel & aluminum products, moving U.S. steelmaker stocks higher. Alex Coffey discusses why stocks are higher because of, not despite the tariff announcement, and looks at Onsemi (ON), which is sliding after an earnings miss and weak guidance.
Onsemi forecast first-quarter revenue below Wall Street expectations on Monday, hit by softer demand for its automotive chips as customers cut back on orders owing to economic uncertainty, sending its shares down 9% in premarket trading.
ON Semiconductor Corp. (ON) concluded the recent trading session at $52.44, signifying a +1.39% move from its prior day's close.
ON Semiconductor's recent market struggles mask its long-term potential, driven by its strategic moves in silicon carbide (SiC) and vertical integration. The company's acquisition of Qorvo's SiC JFET business and its self-sufficiency in SiC production provide a competitive edge amid supply chain uncertainties. Despite short-term volatility and inconsistent earnings, ON's focus on SiC technology and partnerships like Volkswagen signal strong growth potential in EV and industrial markets.
onsemi's fourth-quarter 2024 performance is likely to have suffered from a muted demand environment with ongoing inventory digestion and slow end demand, particularly in North America and Europe.
Get a deeper insight into the potential performance of ON Semiconductor Corp. (ON) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.