ON Semiconductor: Shares of ON Semiconductor (NASDAQ:ON) soared over 6% after the company reported impressive Q2 results that exceeded expectations. Here are the highlights:
- Earnings per share (EPS) came in at $0.96, beating the predicted $0.92.
- Revenue reached $1.74 billion, slightly above the estimated $1.73 billion.
- Adjusted gross margin was 45.3%, and adjusted operating margin stood at 27.5%.
ON Semiconductor: Q3 2024, forecasting:
- EPS between $0.91 and $1.03 (beating the consensus estimate of $0.97).
- Revenue ranging from $1.7 billion to $1.8 billion (close to the estimated $1.779 billion).
- Adjusted gross margin of 44.4% to 46.4% (slightly below the forecasted 45.4%).
CEO Hassane El-Khoury is confident about the company’s future, citing market share gains, strategic investments, and leadership in silicon carbide technology.
So, should you invest in ON Semiconductor?
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Here’s a company overview for ON Semiconductor:
| Company Name | ON Semiconductor Corporation |
|---|---|
| Ticker Symbol | NASDAQ: ON |
| Industry | Semiconductors |
| Founded | 1999 |
| Headquarters | Phoenix, Arizona, USA |
Description: ON Semiconductor is a leading global supplier of semiconductor-based solutions, offering a comprehensive portfolio of energy-efficient power management, analog, sensors, logic, timing, and connectivity devices. The company’s products help engineers solve unique design challenges in automotive, communications, computing, consumer, industrial, medical, and aerospace/defense applications.
Key Products:
- Power management ICs
- Analog and mixed-signal ICs
- Sensors and actuators
- Logic and timing devices
- Connectivity solutions
Key Markets:
- Automotive
- Communications
- Computing
- Consumer
- Industrial
- Medical
- Aerospace/Defense
Why Invest in ON Semiconductor?
- Strong portfolio of energy-efficient products
- Diversified revenue streams across multiple markets
- Leadership position in silicon carbide technology
- Growing demand for autonomous and electric vehicles
Greater emphasis on sustainability and energy efficiency
Skilled management team with a history of success
This overview provides a brief summary of ON Semiconductor’s business, products, and markets, as well as reasons why investors may consider the company an attractive opportunity.
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Disclaimer:
This article is for informational purposes only and should not be considered as investment advice. The information provided is based on publicly available data and may not be up-to-date or accurate. ON Semiconductor’s financial performance, future outlook, and industry trends are subject to change and may not reflect the company’s current situation. Readers should conduct their own research and consult with a financial advisor before making any investment decisions. The author and publisher disclaim any liability for losses or damages resulting from reliance on the information contained in this article.