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ON Semiconductor Q2 Earnings: Revenue And EPS Beat, CEO Highlights Automotive Gains, Strong Q3 Outlook

ON Semiconductor Corp (NASDAQ: ON) stock reported a fiscal second-quarter 2024 revenue decline of 17.2% year-on-year to $1.74 billion, beating the analyst consensus estimate of $1.73 billion.  The adjusted EPS of $0.96 beat the analyst consensus estimate of $0.92. The stock gained after the print.  Revenue from Power Solutions Group (PSG) declined 15% year over year to $835.2 million, Analog and Mixed-Signal Group (AMG) decreased 18% year over year to $647.8 million, and Intelligent Sensing Group (ISG) fell 22% year over year to $252.2 million. The adjusted gross ...