NASDAQ$ON

ON Semiconductor Corp · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

onsemi reported Q4 2024 revenue of $1.72 billion, a 15% decline year-over-year. GAAP EPS was $0.88, and non-GAAP EPS was $0.95. Net income declined to $379.9 million from $562.7 million in Q4 2023. Operating margin was 23.7% GAAP and 26.7% non-GAAP.

Headline financials

Total Revenue

$1.72B

Previous: $2.02B-14.6%
EPS (adj)

$0.95

Previous: $1.25-24.0%
Capital Expenditures

-$145M

Previous: -$423M+65.7%
Net Income

$380M

Previous: $563M-32.5%
Operating Income

$409M

Previous: $612M-33.2%
Gross Profit

$779M

Previous: $942M-17.3%
R&D Expense

$155M

Previous: $150M+3.3%

Revenue & EPS history

ON Semiconductor · Revenue · Quarterly

$1.72B

Q4 2024-14.6%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

onsemi projects Q1 2025 revenue between $1.35 billion and $1.45 billion, with GAAP EPS between $0.42 and $0.52. Non-GAAP EPS is expected to be in the range of $0.45 to $0.55.

Tailwinds

  • Continued cost control and financial discipline
  • Maintained strong free cash flow generation
  • Commitment to long-term strategy despite market uncertainty
  • Focus on high-value intelligent power and sensing solutions
  • Resilient gross margin performance

Headwinds

  • Revenue expected to decline further in Q1 2025
  • Uncertain market conditions impacting demand
  • Lower operating margin expected
  • Potential headwinds from macroeconomic factors
  • Increased competitive pressures in semiconductor space

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 2024

Historical avgQ4 2024

+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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