ON Semiconductor Corporation Stock News

ON Semiconductor's Q3 2024 revenue decreased by 19.3% year-over-year due to slowing EV demand and excess inventory. Free cash flow margins improved to 16.7%, driven by reduced capital expenditures and enhanced cost efficiency. ON continues to secure silicon carbide supply deals, including a significant contract with Volkswagen for EV traction inverters.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON) announced today its wafer fab in East Fishkill (EFK), New York, has been accredited by the Defense Microelectronics Activity (DMEA) of the U.S. Department of Defense (DoD) as a Category 1A Trusted Supplier. The accreditation enables onsemi to manufacture secure advanced semiconductors for a variety of critical aerospace and defense applica...

ON Semiconductor Corporation was one of the first to forecast a slowdown in demand, allowing it to quickly adjust its factory utilization rates, helping it control costs. Q3 results show stable revenue (on a sequential basis) despite being down YoY, reinforcing projections of an L-shaped recovery. OnSemi's investment in SiC technology has positioned it as a market leader, especially in EV power...

ON Semiconductor Corporation (NASDAQ:ON ) Q3 2024 Earnings Conference Call October 28, 2024 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 - Jeffer...

Chipmaker Onsemi projected fourth-quarter revenue and profit below Wall Street estimates on Monday, citing persistent soft demand for semiconductors in the auto sector.

ON Semiconductor (ON) beat third-quarter profit and revenue estimates Monday, but sales continued to decline and the chipmaker gave weak guidance.

ON Semiconductor Corp (NASDAQ:ON) stock is up 2% to trade at $72.64 at last glance, reversing premarket losses after the company reported better-than-expected earnings and revenue for the third quarter.

The chip maker reported quarterly earnings and sales above Wall Street's estimates.