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ON Semiconductor Corp reports results for the quarter ended June 30 - Earnings Summary

ON Semiconductor Corp ON.OQ reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 96 cents.  The mean expectation of thirty one analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 50 cents to 59 cents per share.

Revenue fell 15.4% to $1.47 billion from a year ago; analysts expected $1.45 billion.

ON Semiconductor Corp's reported EPS for the quarter was 41 cents​.

The company reported quarterly net income of $170.3 million.

ON Semiconductor Corp shares had risen by 8.4% this quarter and lost 9.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.8% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 16 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for ON Semiconductor Corp is $59.00, about 3.7% above its last closing price of $56.82

This summary was machine generated from LSEG data August 4 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.530.53Met
Mar. 31 20250.510.55Beat
Dec. 31 20240.970.95Missed
Sep. 30 20240.970.99Beat

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