ON Semiconductor Q4 Revenue Falls 6.5% to $2.12B as EPS Tops Estimates
ON Semiconductor reported Q4 revenue of $2.12 billion, down 6.5% year-over-year, while adjusted EPS of $0.58 beat consensus by $0.05. The company forecast Q1 revenue between $2.00 billion and $2.15 billion, below street estimates around $2.20 billion.
1. Q4 Financial Results
ON Semiconductor’s Q4 revenue dropped 6.5% year-over-year to $2.12 billion, driven by softer demand in key end markets. The company reported adjusted EPS of $0.58, exceeding the $0.53 consensus estimate and marking a seventh consecutive quarter of margin expansion.
2. Segment Performance
Automotive revenue declined 4.8% to $890 million amid inventory normalization, while industrial and multi-market sales fell 8.2% to $650 million as customers exercised inventory discipline. Power management and imaging segments saw mixed order patterns, with power devices outperforming imaging chips.
3. First-Quarter Outlook
Management projects Q1 revenue between $2.00 billion and $2.15 billion, implying a mid-point decline of roughly 3.2% sequentially and trailing the $2.20 billion consensus. The guidance reflects ongoing market uncertainty and cautious inventory restocking in autos and industrial applications.