onsemi beats by $0.04, beats on revs; guides Q4 EPS in-line, revs in-line
-0.66%
Reports Q3 (Sep) earnings of $0.63 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $0.59; revenues fell 12.0% year/year to $1.55 bln vs the $1.52 bln FactSet Consensus. Co issues in-line guidance for Q4, sees EPS of $0.57-0.67, excluding non-recurring items, vs. $0.62 FactSet Consensus; sees Q4 revs of $1.48-1.58 bln vs. $1.52 bln FactSet Consensus."Our third quarter results exceeded expectations, underscoring the strength of our strategy and the resilience of our business model. We're seeing continued signs of stabilization across our core markets, as well as positive growth in AI," said Hassane El-Khoury, President and CEO, onsemi. "As energy efficiency becomes a defining requirement for next-generation automotive, industrial, and AI platforms, we are expanding our offering to deliver system-level value that enables our customers to achieve more with less power."
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