NASDAQ$ON

ON Semiconductor Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

ON Semiconductor reported a decrease in revenue and a decrease in net income compared to the same quarter last year.

ON Semiconductor reported Q4 2019 revenue of $1,401.8 million, a decrease of approximately 7% compared to the same quarter last year. GAAP diluted earnings per share was $0.14, and non-GAAP diluted earnings per share was $0.30.

  • Revenue of $1,401.8 million
  • GAAP and non-GAAP gross margin of 34.6 percent
  • GAAP operating margin of 9.9 percent and non-GAAP operating margin of 12.3 percent
  • GAAP diluted earnings per share of $0.14 and non-GAAP diluted earnings per share of $0.30

Headline financials

Total Revenue

$1.4B

Previous: $1.5B-6.7%
EPS (adj)

$0.30

Previous: $0.53-43.4%
Gross margin

34.6%

Previous: 37.9%-8.7%
Operating margin

9.9%

Previous: 14.8%-33.1%
Capital Expenditures

$112M

Previous: $132M-14.8%
Free Cash Flow

-$20.7M

Previous: $289M-107.2%
Net Income

$56.5M

Previous: $166M-65.9%
Operating Income

$139M

Previous: $223M-37.6%
Gross Profit

$486M

Previous: $570M-14.7%
Cash & Equivalents

$894M

Previous: $1.07B-16.4%
Total Assets

$8.43B

Previous: $7.59B+11.0%
Stock-Based Comp

$17.7M

Previous: $18.9M-6.3%

Revenue & EPS history

ON Semiconductor · Revenue · Quarterly

$1.4B

Q4 2019-6.7%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The Company anticipates that first quarter of 2020 revenue will be approximately $1,355 to $1,405 million. GAAP and non-GAAP gross margin for first quarter 2020 is expected to be between 33.7 percent and 34.7 percent.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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