ON Semiconductor Q4 Revenue Falls 11.2% with EPS Beat, Stock Slides 3.2%
ON Semiconductor reported Q4 revenue of $1.53 billion, down 11.2% year-over-year, while EPS of $0.64 topped estimates by 3.2%. Automotive revenue plunged 22.2% and analog product sales fell 8.9%, and shares slid 0.2% in regular trading and 3.2% after-hours despite guidance in line with expectations.
1. Q4 Financial Results
ON Semiconductor reported revenue of $1.53 billion for Q4, down 11.2% year-over-year, missing forecasts by 0.2%, while EPS of $0.64 outpaced the $0.62 consensus estimate by 3.2%.
2. Segment Performance
Automotive revenue fell 22.2% to $798 million, analog and mixed-signal product sales declined 8.9% to $556 million, and intelligent sensing group revenue slid 17.5% to $249.6 million, offset by a 6.1% rise in industrial market revenue to $442.3 million.
3. Market Reaction & Guidance
Shares dipped 0.2% in regular trading and dropped 3.2% after-hours; management reiterated Q1 revenue and earnings guidance broadly tracking analyst expectations and emphasized ongoing investment in intelligent power and sensing technologies.