These Analysts Revise Their Forecasts On ON Semiconductor After Q3 Results

ON Semiconductor Corp (NASDAQ:ON) posted better-than-expected earnings for the third quarter on Monday.

The company posted a revenue decline of 19.2% year-on-year to $1.76 billion, beating the analyst consensus estimate of $1.75 billion. The adjusted EPS of 99 cents beat the analyst consensus estimate of 97 cents.

CEO Hassane El-Khoury said, "As power demands continue to rise across our key markets, and the need for greater efficiency becomes paramount, we are investing to win across the entire power spectrum to ensure that onsemi is best positioned to gain share in automotive, industrial and AI data ...