ON Semiconductor Corp

ON: XNAS (USA)

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Onsemi Earnings: Still Waiting on Cycle to Turn, but Shares Are Undervalued for Long-Term Investors

William Kerwin

Aug 4, 2025

Onsemi's second-quarter results came in line with guidance. Revenue rose 2% sequentially (down 15% year over year) to $1.47 billion. Non-GAAP operating margin declined 240 basis points sequentially to 37.6%. Third-quarter guidance calls for modest sequential revenue growth and margin expansion.

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ON Semiconductor Corp

Onsemi Earnings: Still Waiting on Cycle to Turn, but Shares Are Undervalued for Long-Term Investors

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