From Nasdaq: 2024-04-25 12:36:00

ON Semiconductor is scheduled to report its first-quarter 2024 results on Apr 29, with revenue expected between $1.80 billion and $1.90 billion and earnings forecasted at 98 cents to $1.10 per share. Analysts predict a 12.61% decline in earnings to $1.04 per share and a 5.52% drop in revenues to $1.85 billion.

Despite challenges, onsemi’s Q1 performance may benefit from increased adoption in automotive and industrial markets. The company’s silicon carbide dominance and intelligent power solutions are driving market share in the automotive segment. However, softness in end markets due to slowing demand may impact top-line growth.

Analysts expect a 6.57% earnings surprise from onsemi in Q1. Although the company has a Zacks Rank #4 (Sell) and 0.00% Earnings ESP, other companies like Arista Networks (ANET), Advanced Micro Devices (AMD), and Silicon Motion Technology (SIMO) are anticipated to beat earnings expectations in their upcoming releases.

For those planning for retirement, Zacks Investment Research offers a Special Report on 5 dividend stocks to consider for your portfolio. The report provides insights and recommendations on various sectors, including property management, upscale outlets, financial institutions, and energy producers. Download the report for free for unconventional wisdom and expert insights.



Read more at Nasdaq: onsemi (ON) to Report Q1 Earnings: What’s in the Cards?