ON Semiconductor Corp (NASDAQ: ON) reported upbeat Q1 results and positive guidance, leading to positive ratings and price target revisions from analysts.
Shares of analog chips maker onsemi (NASDAQ:ON)
fell 8% in the afternoon session after the company posted underwhelming results for the first quarter of 2025, with sales down 22% from the previous year. Each of its main business lines (power, analog, and sensing) saw big drops. Another concern was the big hit to profit margins due to write-downs on stock and factory assets.
Even though sales tumbled, the firm still beat earnings forecasts.
For next quarter, the company expects sales to stay flat (q/q) and margins to bounce back a little, though still far from last year's levels. All told, it was a weak quarter.
Wall Street kicked off the week with a cautious tone, as major stock indices hovered near the flatline by midday in New York. Investors digested fresh signs of inflationary pressure in the services sector, raising doubts about near-term rate cuts and weighing on risk appetite.
US services sector growth slows in April. Inflationary pressures surge to a 2-year high, driven by trade tariffs. Stalling momentum and stagflation risks loom.
Chief Executive Hassane El-Khoury stated that the company continues to see strong design win momentum and has secured key wins with major global customers across all end-markets.
Analog chips maker onsemi (NASDAQ:ON) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, but sales fell by 22.4% year on year to $1.45 billion. Guidance for next quarter’s revenue was optimistic at $1.45 billion at the midpoint, 2.5% above analysts’ estimates. Its non-GAAP profit of $0.55 per share was 9.6% above analysts’ consensus estimates.
Peter Lynch’s investment philosophy combines fundamental analysis with a deep understanding of business models. Let’s analyze if ON SEMICONDUCTOR (NASDAQ:ON) meets his criteria for a solid investment.
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