onsemi Q3 Beats by 2.2% at $1.55B, Q4 Revenue Seen Down 10.9%
onsemi’s Q3 revenue totaled $1.55B, a 12% YoY decline, beating analysts’ estimates by 2.2% and surpassing EPS and adjusted operating income forecasts. Q4 revenue is projected to drop 10.9% YoY to $1.54B with adjusted EPS of $0.62, while peers report smaller declines and investor sentiment has lifted sector stocks.
1. Q3 Performance
onsemi generated $1.55 billion in Q3 revenue, down 12% year-on-year, yet exceeded consensus estimates by 2.2%. The company also topped analyst projections for both EPS and adjusted operating income, marking a notably strong quarter relative to expectations.
2. Q4 Forecasts
Analysts forecast Q4 revenue of $1.54 billion, a 10.9% year-on-year decline, improving from a 14.6% drop in the same quarter last year. Adjusted EPS of $0.62 per share is anticipated, reflecting steadier demand trends heading into the report.
3. Analyst Track Record
Over the past two years, onsemi has missed top-line estimates only once and has outperformed revenue forecasts by an average of 0.9%. Consensus estimates have remained largely unchanged over the last 30 days, suggesting stable analyst confidence ahead of earnings.
4. Peer Comparisons and Sentiment
Skyworks Solutions posted a 3.1% revenue decline with a 3.4% beat, while Power Integrations recorded a 1.9% drop in line with forecasts. Analog semiconductor stocks are up 9.6% on average over the past month, with onsemi gaining 4.9% and carrying an average analyst price target of $63.50 versus its $65.26 share price.