ON Semiconductor's second-quarter operating income fell 15% year-on-year
ON Semiconductor's second-quarter operating income fell 15% year-on-year, and non-GAAP diluted earnings per share were US $0.53, a year-on-year decrease of 45%.
Onsemi Signals Business Bottom and Recovery Ahead with Optimistic Q3 Outlook
$ON Semiconductor(ON)$ Onsemi (NASDAQ: ON) reported mixed FQ2 results, but the long-term outlook remains positive. While revenue declined 15.5% year-over-year (YOY) to $1.47 billion, it still beat expectations slightly and marked sequential growth, signaling that the worst of the downturn may be over. Key business segments showed improvement: • Power Solutions Group (PSG) grew 2% YOY, returning to growth. • Analog and Mixed-Signal Group (AMG) declined only 2% YOY, showing improvement. • Intelligent Sensing Group (ISG) contracted 8% YOY, but that’s about half the rate of previous quarters. Margins declined due to business deleveraging, but Onsemi still generated solid free cash flow (FCF) of $106.1 million and adjusted EPS of $0.53, in line wit
Onsemi Signals Business Bottom and Recovery Ahead with Optimistic Q3 Outlook
$ON Semiconductor(ON)$ Onsemi (NASDAQ: ON) reported mixed FQ2 results, but the long-term outlook remains positive. While revenue declined 15.5% year-over-year (YOY) to $1.47 billion, it still beat expectations slightly and marked sequential growth, signaling that the worst of the downturn may be over. Key business segments showed improvement: • Power Solutions Group (PSG) grew 2% YOY, returning to growth. • Analog and Mixed-Signal Group (AMG) declined only 2% YOY, showing improvement. • Intelligent Sensing Group (ISG) contracted 8% YOY, but that’s about half the rate of previous quarters. Margins declined due to business deleveraging, but Onsemi still generated solid free cash flow (FCF) of $106.1 million and adjusted EPS of $0.53, in line wit