ON Semiconductor Corp
ON: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|#! | LOCK|g>P@ | LOCK|n!sdY@ |
Onsemi Earnings: Downturn Continues to Pressure Results, but We Retain Our Long-Term Optimism
Onsemi's first-quarter revenue declined 22% year over year and 16% sequentially to $1.45 billion, while non-GAAP gross margin compressed 530 basis points sequentially to 40%. Second-quarter guidance calls for flat revenue growth and 250 basis points of gross margin contraction, sequentially.
