ON Semiconductor Goes Red
ON Semiconductor (NAS: ONNN) reported earnings on Feb. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ON Semiconductor beat slightly on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share dropped to a loss.
Margins shrank across the board.
ON Semiconductor booked revenue of $767.9 million. The 19 analysts polled by S&P Capital IQ wanted to see sales of $759.0 million. GAAP sales were 33% higher than the prior-year quarter's $579.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.13. The 19 earnings estimates compiled by S&P Capital IQ averaged $0.06 per share on the same basis. GAAP EPS were -$0.02 for Q4 against $0.13 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.1%, 1,000 basis points worse than the prior-year quarter. Operating margin was 6.6%, 1,080 basis points worse than the prior-year quarter. Net margin was -1.1%, 1,160 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $758.3 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $3.30 billion. The average EPS estimate is $0.68.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ON Semiconductor is outperform, with an average price target of $8.83.
Is ON Semiconductor the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead in our free report: "The Next Trillion-Dollar Revolution." Click here for instant access to this free report.
- Add ON Semiconductor to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.