Categories Earnings, Technology

ON Semiconductor Corp. (NASDAQ: ON): Q4 2019 Earnings Snapshot

— ON Semiconductor Corp. (NASDAQ: ON) Monday reported earnings of $0.30 per share for the fourth quarter of 2019, on an adjusted basis, vs. $0.32 per share expected.

ON Semiconductor sales trend by business units

— Unadjusted earnings dropped 66% annually to $56.5 million or $0.14 per share from $165.6 million or $0.39 per share in the fourth quarter of 2018

— Revenues declined 7% to $1.4 billion during the three-month period from $1.50 billion a year earlier, vs. $1.37 billion expected

— Gross margin and operating margin came in at 34.6% and 9.9%, respectively

— The company expects revenues to be in the range of $1.355 billion to $1.405 billion in the first quarter of 2020

— Looking for gross margin between 33.7% and 34.7% for the first quarter, on an unadjusted basis

— Operating expenses are expected to be between $330 million and $348 million for the first quarter

— On track to implement new changes to the manufacturing footprint, and accelerate the timeline for production at the 300mm fab

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