NASDAQ$ON
ON Semiconductor Corp · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported second quarter 2020 results with revenue of $1,213.5 million and non-GAAP EPS of $0.12.
ON Semiconductor reported second quarter 2020 revenue of $1,213.5 million, a decrease of approximately 10% compared to the second quarter of 2019. The company's GAAP diluted loss per share was $0.00, while non-GAAP diluted earnings per share was $0.12. Despite disruptions from the COVID-19 pandemic, ON Semiconductor is making progress towards its strategic initiatives, including manufacturing optimization and the ramp-up of 300mm manufacturing processes.
- Revenue of $1,213.5 million
- GAAP and non-GAAP gross margin of 30.8 percent
- GAAP operating margin of 3.6 percent and non-GAAP operating margin of 7.4 percent
- GAAP diluted loss per share of $0.00 and non-GAAP diluted earnings per share of $0.12
Headline financials
Revenue & EPS history
ON Semiconductor · Revenue · Quarterly
$1.21B
Forward guidance
The Company anticipates 2020 third quarter revenue to be approximately $1,200 million to $1,330 million. GAAP and Non GAAP gross margin for third quarter of 2020 is expected to be between 32.0 percent and 34.0 percent.
Tailwinds
- Revenue to be approximately $1,200 million to $1,330 million.
- Gross margin expected to be between 32.0% and 34.0%.
- Includes anticipated stock-based compensation expense of approximately $17 million to $19 million.
- Net cash paid for income taxes is expected to be $17 million to $22 million.
- Based on product booking trends, backlog levels, and estimated turns levels
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.7%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+5.1%
Avg return
30 days after
54%
37 / 69 earnings
Positive
+18.9%
Q3 2021
Best reaction
-25.0%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.3% | +0.2% | +28.1% | |
| Q4 2025 | +3.5% | +10.9% | -11.4% | |
| Q3 2025 | -0.8% | -4.5% | +14.1% | |
| Q2 2025 | -15.6% | -16.1% | -15.9% | |
| Q1 2025 | -8.4% | -2.2% | +20.0% | |
| Q4 2024 | -8.2% | +1.1% | -16.4% | |
| Q3 2024 | +4.8% | -0.4% | -1.3% | |
| Q2 2024 | +5.4% | -3.2% | +6.4% | |
| Q1 2024 | +3.1% | +3.4% | +4.3% | |
| Q4 2023 | +7.8% | +14.1% | +9.6% | |
| Q3 2023 | -25.0% | -18.3% | -14.2% | |
| Q2 2023 | +2.9% | -2.6% | -5.9% | |
| Q1 2023 | +10.0% | +12.9% | +16.2% | |
| Q4 2022 | +5.7% | +3.6% | +2.7% | |
| Q3 2022 | -8.5% | -6.4% | +11.4% | |
| Q2 2022 | -1.8% | +1.3% | +3.0% | |
| Q1 2022 | +8.4% | +5.8% | +13.7% | |
| Q4 2021 | +14.9% | +2.7% | +1.8% | |
| Q3 2021 | +18.9% | +23.0% | +28.4% | |
| Q2 2021 | +16.2% | +15.9% | +14.4% | |
| Q1 2021 | -4.5% | -0.9% | +1.0% | |
| Q4 2020 | +6.8% | +11.3% | +15.0% | |
| Q3 2020 | -2.9% | +5.4% | +14.6% | |
| Q2 2020 | +5.2% | +5.1% | +8.8% | |
| Q1 2020 | -8.5% | -14.0% | +21.6% | |
| Q4 2019 | -14.4% | -11.7% | -19.1% | |
| Q3 2019 | +9.7% | +9.9% | +14.8% | |
| Q2 2019 | -11.6% | -14.5% | -10.6% | |
| Q1 2019 | +2.8% | +4.8% | -19.5% | |
| Q4 2018 | +7.7% | +13.9% | +8.1% | |
| Q3 2018 | +15.4% | +23.9% | +29.1% | |
| Q2 2018 | -4.8% | -6.7% | -6.8% | |
| Q1 2018 | -3.6% | -1.5% | +11.3% | |
| Q4 2017 | -6.9% | -9.3% | +0.5% | |
| Q3 2017 | -0.2% | -0.4% | -11.2% | |
| Q2 2017 | +8.9% | +5.6% | +9.7% | |
| Q1 2017 | +0.1% | +2.8% | +11.6% | |
| Q4 2016 | +8.3% | +10.3% | +7.6% | |
| Q3 2016 | -1.0% | -3.0% | -1.8% | |
| Q2 2016 | +3.4% | +1.1% | +9.3% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | -12.0% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | -3.9% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q3 2014 | +2.0% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q4 2013 | -4.1% | — | — | |
| Q1 2014 | +3.2% | — | — | |
| Q3 2013 | +4.2% | — | — | |
| Q2 2013 | -10.2% | — | — | |
| Q1 2013 | -2.2% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q3 2012 | +3.0% | — | — | |
| Q2 2012 | -4.7% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2011 | +12.3% | — | — | |
| Q2 2011 | +1.5% | — | — | |
| Q1 2010 | +3.3% | — | — | |
| Q1 2011 | -1.9% | — | — | |
| Q4 2010 | +5.0% | — | — | |
| Q4 2008 | +5.0% | — | — | |
| Q3 2009 | +4.5% | — | — | |
| Q3 2010 | +4.5% | — | — | |
| Q2 2010 | -1.9% | — | — | |
| Q4 2009 | -1.9% | — | — | |
| Q2 2009 | -1.9% | — | — |
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