ON Semiconductor Posts Higher 1Q Sales, Lifted by Automotive and Industrial Demand

4
Comment
Favorite

ON Semiconductor Posts Higher 1Q Sales, Lifted by Automotive and Industrial Demand

Dow Jones2023-05-01

ON Semiconductor Corp. posted higher revenue in the first quarter, lifted by demand from the automotive and industrial end markets.

The Scottsdale, Ariz.-based company, which makes intelligent sensing and power services, posted a profit of $461.7 million, or $1.03 a share, compared with $530.2 million, or $1.18 a share, in the same period a year earlier.

Stripping out one-time items, adjusted earnings came to $1.19 a share. Analysts surveyed by FactSet were expecting adjusted earnings of $1.08 a share.

Revenue edged about 1% higher to $1.96 billion. Analysts expected revenue of $1.92 billion, according to FactSet.

The advanced-solutions unit posted a 14% drop in revenue. Revenue rose 3% in the company's power-solutions segment, 32% in the intelligent-sensing group, and 38% in the automative unit. The automotive and industrial end markets contributed to 79% of overall revenue.

Shares rose nearly 5% in premarket trading Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2332673265?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-01 20:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2332673265","market":"us","top_or_hot":-1,"title":"ON Semiconductor Posts Higher 1Q Sales, Lifted by Automotive and Industrial Demand","media":"Dow Jones","content":"<html><head></head><body><p>ON Semiconductor Corp. posted higher revenue in the first quarter, lifted by demand from the automotive and industrial end markets.</p><p>The Scottsdale, Ariz.-based company, which makes intelligent sensing and power services, posted a profit of $461.7 million, or $1.03 a share, compared with $530.2 million, or $1.18 a share, in the same period a year earlier.</p><p>Stripping out one-time items, adjusted earnings came to $1.19 a share. Analysts surveyed by FactSet were expecting adjusted earnings of $1.08 a share.</p><p>Revenue edged about 1% higher to $1.96 billion. Analysts expected revenue of $1.92 billion, according to FactSet.</p><p>The advanced-solutions unit posted a 14% drop in revenue. Revenue rose 3% in the company&#39;s power-solutions segment, 32% in the intelligent-sensing group, and 38% in the automative unit. The automotive and industrial end markets contributed to 79% of overall revenue.</p><p>Shares rose nearly 5% in premarket trading Monday.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92b3db9896127a18459c654f980c63a8\" tg-width=\"830\" tg-height=\"627\"/></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ON Semiconductor Posts Higher 1Q Sales, Lifted by Automotive and Industrial Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nON Semiconductor Posts Higher 1Q Sales, Lifted by Automotive and Industrial Demand\n</h2>\n\n<h4 class=\"meta\">\n\n2023-05-01 20:39 北京时间&nbsp;&nbsp;&nbsp;<strong>Dow Jones</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ON Semiconductor Corp. posted higher revenue in the first quarter, lifted by demand from the automotive and industrial end markets.The Scottsdale, Ariz.-based company, which makes intelligent sensing ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"2332673265","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2332673265","pubTimestamp":1682944792,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"ON Semiconductor Corp. posted higher revenue in the first quarter, lifted by demand from the automot","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"在汽车和工业需求的推动下，半导体行业第一季度销售额上升","themeId":"ec9f6f0df2b6498587e7f5318b2eff2b","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"ON Semiconductor Corp. posted higher revenue in the first quarter, lifted by demand from the automotive and industrial end markets.The Scottsdale, Ariz.-based company, which makes intelligent sensing and power services, posted a profit of $461.7 million, or $1.03 a share, compared with $530.2 million, or $1.18 a share, in the same period a year earlier.Stripping out one-time items, adjusted earnings came to $1.19 a share. Analysts surveyed by FactSet were expecting adjusted earnings of $1.08 a share.Revenue edged about 1% higher to $1.96 billion. Analysts expected revenue of $1.92 billion, according to FactSet.The advanced-solutions unit posted a 14% drop in revenue. Revenue rose 3% in the company's power-solutions segment, 32% in the intelligent-sensing group, and 38% in the automative unit. The automotive and industrial end markets contributed to 79% of overall revenue.Shares rose nearly 5% in premarket trading Monday.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}