CORRECTED-Onsemi slightly misses Q4 revenue estimates

Overview

• Semiconductor maker's Q4 revenue slightly missed analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

Outlook

• Company projects Q1 2026 revenue between $1,435 mln and $1,535 mln

• Company expects Q1 2026 gross margin between 37.4% and 39.4% GAAP

• Company anticipates Q1 2026 diluted EPS between $0.28 and $0.38 GAAP

Result Drivers

• TECHNOLOGY INVESTMENTS - onsemi continues to invest in intelligent power and sensing technologies, focusing on automotive, industrial, and AI data center sectors, per CEO Hassane El-Khoury

• NEW PRODUCT INTRODUCTION - Introduced vertical gallium nitride power semiconductors, setting a new benchmark for power density and efficiency

• STRATEGIC COLLABORATIONS - Signed MoU with Innoscience and collaboration with GlobalFoundries to expand GaN power device production

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy", 21 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for ON Semiconductor Corp is $65.00, about 0.3% below its February 6 closing price of $65.20

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX3Q92Vm

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