Q4 25 EPS
$0.64
BEAT +2.63%
Est. $0.62
Q4 25 Revenue
$1.53B
MISS 0.45%
Est. $1.54B
vs S&P Since Q4 25
+78.2%
BEATING MARKET
ON +85.4% vs S&P +7.2%
Full Year 2025 Results
FY 25 EPS
$2.35
BEAT +0.32%
Est. $2.34
FY 25 Revenue
$6.00B
MISS 0.12%
Est. $6.00B
Market Reaction
Did ON Beat Earnings? Q4 2025 Results
ON Semiconductor navigated a bruising revenue environment in Q4 2025 with a modest earnings beat, posting non-GAAP EPS of $0.64 against a consensus estimate of $0.62, a 2.63% beat, even as revenue of $1.53 billion fell just short of the $1.54 billion… Read more ON Semiconductor navigated a bruising revenue environment in Q4 2025 with a modest earnings beat, posting non-GAAP EPS of $0.64 against a consensus estimate of $0.62, a 2.63% beat, even as revenue of $1.53 billion fell just short of the $1.54 billion analyst expectation and declined 11.2% year-over-year. The primary culprit behind the top-line pressure was a broad semiconductor industry downturn that squeezed pricing and drove elevated underutilization costs, compressing non-GAAP gross margin to 38.2% from 45.3% a year ago. For the full year, all three business segments retreated, with revenue falling to $6.00 billion from $7.08 billion in 2024. Against that backdrop, onsemi generated a record $1.42 billion in free cash flow, returning the entirety to shareholders via repurchases. Barclays recently initiated coverage with an equal-weight rating and a $75 price target, flagging high automotive and China exposure as key risks. Looking ahead, management guided Q1 2026 revenue to $1.44 billion to $1.53 billion, projecting sequential stabilization as key markets show early signs of recovery.
Key Takeaways
- • Increasing signs of stabilization in key automotive and industrial markets
- • Record free cash flow margin of 24% for full year 2025
- • Cost structure improvements and operational discipline
- • Major investment cycle completion with new technologies ramping
ON YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ON Revenue by Segment
With YoY comparisons, source: SEC Filings
“We remained disciplined in our execution and met expectations in the fourth quarter as we saw increasing signs of stabilization in our key markets.”
— Hassane El-Khoury, Q4 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.62 | $0.64 | +4.03% | $1.51B | +1.72% |
| 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% |