ON Semiconductor Corp. (NASDAQ: ON) released its fiscal second-quarter 2025 results, reporting a 15.36% Y/Y revenue decline to $1.47 billion, exceeding analyst estimates. Adjusted EPS of 53 cents aligns with analyst consensus.

Revenue from different groups saw declines: PSG down 16%, AMG down 14%, and ISG down 15%. Gross margin down by 770 bps to 37.6%.

Onsemi generated $106.1 million in free cash flow and held $2.83 billion in cash and equivalents as of June 30, 2025.

CEO Hassane El-Khoury highlighted signs of stabilization in key markets and emphasized investment in next-gen technologies for growth.

Onsemi’s strategic partnership with Xiaomi includes the integration of Onsemi’s advanced 800V drive platform in select Xiaomi YU7 electric SUV models.

Onsemi expects third-quarter adjusted revenue of $1.465 billion-$1.565 billion and adjusted EPS of 54 cents to 64 cents. ON stock is trading lower by 7.69% to $52.47 at last check on Monday.

Read more at Yahoo Finance: ON Semiconductor Faces Pricing Pressures, But CEO Sees Market Stabilization Ahead