Shares of ON Semiconductor ON rose 0.4% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 425.00% year over year to $0.63, which beat the estimate of $0.49.
Revenue of $1,670,000,000 rose by 37.56% year over year, which beat the estimate of $1,620,000,000.
Outlook
ON Semiconductor said it sees Q3 EPS of $0.68-$0.80 and sales of $1.66 billion-$1.76 billion.
Details Of The Call
Date: Aug 02, 2021
Time: 09:00 AM
Price Action
Company's 52-week high was at $44.59
Company's 52-week low was at $19.75
Price action over last quarter: Up 5.23%
Company Profile
ON Semiconductor is a leading supplier of power and analog semiconductors, as well as sensors. ON is the second- largest global supplier of discrete transistors like insulated gate bipolar transistors, or IGBTs, and metal oxide semiconductor field-effect transistors, or MOSFETs, and also has a significant integrated power chip business. ON is also the largest supplier of image sensors to the automotive market, targeting autonomous driving applications. The firm is concentrated in and focused on the automotive, industrial, and communications markets, and is reducing its exposure to the consumer and computing markets.
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