ON Semiconductor Corporation (NASDAQ:ON) Q1 2024 Earnings Call Transcript April 29, 2024 ON Semiconductor Corporation beats earnings expectations. Reported EPS is $1.08, expectations were $1.04. ON Semiconductor Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and thank […]
ON Semiconductor Corp (ON) beat fiscal first-quarter 2024 revenue and adjusted EPS expectations. Revenue growth in Power Solutions Group, decline in adjusted gross and operating margins. Second-quarter guidance below consensus, analyst predicts steady recovery in second half. EV market set to grow 20%+ long-term. ON stock down 13% in last 12 months, can be accessed through QCLN and SHOC. ON shares down 0.37% premarket.