Welcome to our dedicated page for On Semiconductr news (Ticker: ON), a resource for investors and traders seeking the latest updates and insights on On Semiconductr stock.
ON Semiconductor Corp. reports developments tied to onsemi's intelligent power and sensing technologies for automotive, industrial and AI data center end markets. Recurring updates include earnings releases, margin and cash-flow commentary, share repurchases, capital-structure actions, and strategy presentations.
Company news also covers design wins and customer collaborations involving EliteSiC power technology, FS7 insulated-gate bipolar transistor products, hybrid power integrated modules, electric-vehicle platforms, renewable energy systems, solar inverters and energy storage applications.
onsemi (Nasdaq: ON) has expanded its collaboration with Schaeffler through a new design win for a leading global automaker's PHEV platform. The partnership will utilize onsemi's next-generation EliteSiC silicon carbide MOSFETs in Schaeffler's traction inverter system.
The EliteSiC technology offers superior performance benefits including the lowest on-state resistance for highest peak power in its class, lower conduction losses, and enhanced short-circuit robustness. These features enable longer driving range through higher energy conversion efficiency, improved reliability with lower maintenance, and optimized form factor for flexible vehicle design.
This collaboration marks onsemi's position as the exclusive silicon carbide supplier for this program, strengthening its role in the transition from traditional IGBT-dominated platforms to advanced hybrid architectures.
onsemi (Nasdaq: ON) has scheduled the announcement of its second quarter 2025 financial results for Monday, August 4, 2025, before market opening. The company will host a conference call at 9 a.m. Eastern Time on the same day.
Investors can access the conference call through two methods: a live webcast available via the company's Investor Relations website, with a 30-day replay option, or via teleconference by pre-registering through the provided link.
onsemi (Nasdaq: ON) has scheduled to release its first quarter 2025 financial results on Monday, May 5, 2025, before market opening. The company will follow the announcement with a conference call at 9 a.m. Eastern Time on the same day.
Investors and interested parties can participate through two channels: a live webcast available via the 'Investor Relations' section of onsemi's website, or through a teleconference requiring pre-registration. The webcast recording will remain accessible for 30 days following the live broadcast.
onsemi (NASDAQ: ON) has announced the termination of its efforts to acquire Allegro MicroSystems (NASDAQ: ALGM) and withdrawn its all-cash proposal of $35.10 per share. The decision comes after Allegro's Board of Directors showed reluctance to fully engage with the proposal.
Despite believing in the potential benefits of combining the two complementary businesses, onsemi determined there was no actionable path forward. The company will instead focus on other opportunities to enhance stockholder value and continue allocating capital towards its existing share repurchase program.
CEO Hassane El-Khoury emphasized onsemi's commitment to disciplined capital allocation and highlighted the company's strong position in core markets of automotive, industrial, and AI data centers, supported by market-leading technology and a robust innovation pipeline.
onsemi has launched the Hyperlux™ ID family, the industry's first real-time, indirect time-of-flight (iToF) sensor capable of high-precision long-distance measurements and 3D imaging of fast-moving objects. The innovative sensor extends depth sensing up to 30 meters, quadrupling the range of standard iToF sensors while maintaining a smaller form factor.
Key features include:
- Simultaneous monochrome imaging and depth information capture
- Proprietary global shutter pixel architecture with on-board storage
- 1.2MP resolution with 3.5µm BSI pixels
- Real-time depth processing capabilities
The technology aims to enhance industrial applications including automation, robotics, manufacturing quality control, logistics, agriculture, and access control systems. Two models are available: the AF0130 with integrated processing for simplified integration, and the AF0131 allowing custom depth algorithms implementation.
onsemi (NASDAQ: ON) has proposed to acquire Allegro MicroSystems (NASDAQ: ALGM) for $35.10 per share in an all-cash transaction, valuing the company at an enterprise value of $6.9 billion. The offer represents a 57% premium to Allegro's unaffected closing share price on February 28, 2025.
The proposal follows multiple attempts by onsemi to engage with Allegro over six months, including an initial offer of $34.50 per share in September 2024. The combination would unite two complementary businesses in automotive and industrial markets, particularly in magnetic sensing and power ICs.
onsemi plans to finance the transaction through a combination of committed financing, cash on hand, and existing credit facilities. The company aims to create a diversified leader in automotive, industrial, and AI data center applications through this strategic acquisition.
onsemi reported Q4 2024 results with revenue of $1,722.5 million and GAAP diluted EPS of $0.88. The company achieved a GAAP gross margin of 45.2% and operating margin of 23.7%. Full-year 2024 free cash flow reached $1.2 billion, marking a 3X increase year-over-year.
Q4 showed revenue declines across segments, with PSG down 16% YoY to $809.4M, AMG down 18% to $610.6M, and ISG down 2% to $302.5M. Total revenue for 2024 was $7,082.3M, representing a 14% decrease from 2023.
Looking ahead to Q1 2025, onsemi projects revenue between $1,350-1,450 million with gross margin of 38.9-40.9% and diluted EPS of $0.42-0.52. The company emphasized its structural improvements and commitment to financial discipline despite market uncertainty.
onsemi has received validation from the Science Based Targets initiative (SBTi) for its near-term greenhouse gas emission reduction targets. The company commits to reduce absolute scope 1 and 2 GHG emissions by 58.8% and scope 3 GHG emissions by 35.0% by 2034 from a 2022 base year.
These reductions would result in approximately one million metric tons of CO2 equivalent (MTCO2e) fewer emissions for scope 1 and 2, and 80,000 MTCO2e fewer emissions for scope 3. The company plans to achieve these targets through process gas management, point-of-use abatement tools, deep decarbonization, energy conservation strategies, and supplier engagement.
Additionally, onsemi has committed that 71.3% of its suppliers by emissions will have science-based targets by 2029.
onsemi (Nasdaq: ON) has announced it will release its fourth quarter and full year 2024 financial results before market opening on Monday, February 10, 2025. The company will hold a conference call at 9 a.m. Eastern Time on the same day to discuss the results.
Investors and interested parties can participate through two channels: a live webcast available through the company's Investor Relations website section, which will remain accessible for 30 days after the event, or via teleconference by pre-registering through the provided link.