ON Semiconductor (NASDAQ:ON) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.76b (down 19% from 3Q 2023).

• Net income: US$401.7m (down 31% from 3Q 2023).

• Profit margin: 23% (down from 27% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.94 (down from US$1.35 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ON Semiconductor EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 7.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for ON Semiconductor you should know about.

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