ON Semiconductor Reports Record Revenue and Earnings in Q2 2021

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ON ($NASDAQ:ON): The company, which is a leading global supplier of semiconductor and electronic components, reported a Non-GAAP earnings per share (EPS) of $1.19, which surpassed the anticipated figure of $1.08. Furthermore, its revenue of $1.96 billion was also higher than expected, coming in at an impressive $30 million above the forecast. It is a global leader in power management solutions and holds a substantial presence in automotive and industrial markets. With a highly diversified portfolio, the company has been committed to powering innovative products that span a variety of industries and applications.

Stock Price

The company’s stock opened at $74.9 and closed at $78.3, marking an 8.9% increase from its last closing price of 72.0. This is the highest closing price in the past year and the highest ever closing price for the company. This is the eighth consecutive quarter of revenue growth for the company, demonstrating their financial stability and strength. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for On Semiconductor. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for On Semiconductor. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for On Semiconductor. More…

Key Ratios Snapshot

Some of the financial key ratios for On Semiconductor are shown below. More…

Analysis

At GoodWhale, we have conducted a comprehensive analysis of ON SEMICONDUCTOR‘s financials. Based on our Risk Rating, ON SEMICONDUCTOR is a medium-risk investment in terms of both its financials and business aspects. We have also detected 1 risk warning in its balance sheet. To uncover this warning, become a registered user on our platform. More…

Peers

The semiconductor industry is highly competitive, with a large number of companies vying for market share. ON Semiconductor Corp is one of the leading players in this industry, and its main competitors are NXP Semiconductors NV, STMicroelectronics NV, and Texas Instruments Inc. All of these companies are large, well-established players with a significant presence in the semiconductor market.

– NXP Semiconductors NV ($NASDAQ:NXPI)

NXP Semiconductors NV is a global semiconductor company with a market cap of 37.11B as of 2022. The company’s return on equity (ROE) is 41.87%. NXP Semiconductors NV designs, manufactures and supplies semiconductor and system solutions for automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing markets.

– STMicroelectronics NV ($LTS:0INB)

STMicroelectronics is a global semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor products, including integrated circuits, discrete and analog devices. Its products are used in a wide range of electronic applications, including mobile phones, computers, automotive electronics, industrial control and consumer applications. The company has a market cap of $29.74 billion and a return on equity of 20.91%.

– Texas Instruments Inc ($NASDAQ:TXN)

As of 2022, Texas Instruments Inc has a market cap of 139.48B and a Return on Equity of 62.22%. Texas Instruments Inc is a company that produces semiconductors and other electronics.

Summary

Revenue of $1.96 billion also beat expectations by $30 million. This positive news saw the stock price move up on the same day, and is a sign that investors are continuing to show confidence in ON Semiconductor‘s long term outlook. With strong financials and a commitment to innovation, ON Semiconductor appears to be a promising choice for investors looking for growth opportunities in the semiconductor sector.