ON Semiconductor's Q4 revenue fell by 11% last year, and its Q1 guidance missed expectations

Glonghui, February 10th｜ON Semiconductor announced its financial results for the fourth quarter of last year, with revenue down 11% year-on-year to approximately $1.53 billion, slightly better than analysts’ expectations of about $1.52 billion; adjusted earnings per share were $0.64, significantly lower than the $0.95 in the same period last year, but still above analysts’ expectations of $0.62. During the period, revenue from the Power Solutions segment fell 11% year-on-year to $724 million, revenue from the Intelligent Sensing segment decreased 17% year-on-year to $250 million, and revenue from the Analog and Mixed-Signal segment declined 9% year-on-year to $556 million. Looking ahead to the first quarter, ON Semiconductor expects revenue to be between $1.44 billion and $1.54 billion, with the midpoint below analysts’ expectations of $1.51 billion.