ON Q2 2025 Earnings
Reported Aug 4, 2025 at 8:05 AM ET · SEC Source
Q2 25 EPS
$0.53
MISS 0.39%
Est. $0.53
Q2 25 Revenue
$1.47B
BEAT +1.21%
Est. $1.45B
vs S&P Since Q2 25
+89.0%
BEATING MARKET
ON +103.8% vs S&P +14.8%
Market Reaction
Did ON Beat Earnings? Q2 2025 Results
ON Semiconductor delivered a mixed second quarter, posting revenue of $1.47 billion that edged past the $1.45 billion consensus by 1.21%, while adjusted EPS of $0.53 fell just shy of the $0.53 estimate, missing by 0.39%. The headline numbers, however… Read more ON Semiconductor delivered a mixed second quarter, posting revenue of $1.47 billion that edged past the $1.45 billion consensus by 1.21%, while adjusted EPS of $0.53 fell just shy of the $0.53 estimate, missing by 0.39%. The headline numbers, however, masked a difficult year-over-year backdrop, with revenue down 15.4% from $1.74 billion in Q2 2024 as persistent softness across automotive and industrial end markets continued to weigh on all three business segments. The most material pressure came from margin compression, with non-GAAP gross margin contracting to 37.6% from 45.3% a year ago, reflecting ongoing pricing headwinds and lower factory utilization. CEO Hassane El-Khoury pointed to early signs of stabilization and cited next-generation technology wins, including integration of its EliteSiC M3e technology into Xiaomi electric SUV models, as evidence of longer-term positioning. Despite the relatively upbeat tone, shares declined following results. For Q3 2025, onsemi guided revenue of $1.47 billion to $1.57 billion, with non-GAAP EPS of $0.54 to $0.64, suggesting a gradual recovery remains in view.
Key Takeaways
- • Ongoing business transformation resulting in more predictable business model
- • Signs of stabilization across end markets
- • Sequential revenue growth driven by PSG segment (8% sequential increase)
- • Gross margin recovery to 37.6% from Q1 2025's 20.3%
- • Significantly lower restructuring charges ($49.2M vs $539.3M in Q1)
ON YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
ON Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our ongoing transformation is resulting in a more predictable business model, reflecting the strength of our strategy and our commitment to long-term value creation. We are beginning to see signs of stabilization across our end markets, and we remain well-positioned to benefit from a market recovery.”
— Hassane El-Khoury, Q2 2025 Earnings Press Release
ON Earnings Trends
ON vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ON EPS Trend
Earnings per share: estimate vs actual
ON Revenue Trend
Quarterly revenue: estimate vs actual
ON Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.62 | $0.64 | +2.63% | $1.53B | -0.45% |
| FY Full Year | $2.34 | $2.35 | +0.32% | $6.00B | -0.12% |
| Q3 25 BEAT | $0.59 | $0.63 | +6.64% | $1.55B | +2.23% |
| Q2 25 MISS | $0.53 | $0.53 | -0.39% | $1.47B | +1.21% |
| Q1 25 BEAT | $0.50 | $0.55 | +9.58% | $1.45B | +3.13% |