文章核心观点 公司的利润有望在未来几年大幅增长,主要有以下几个原因: 1. 碳化硅芯片业务前景广阔 - 公司在碳化硅芯片领域占据领先地位,这种新型合金可大幅提高电力半导体的效率,广泛应用于电动汽车和工业电力基础设施 [2] - 公司在中国电动汽车电池市场已占据约50%的碳化硅芯片市场份额 [5] - 电动汽车中碳化硅芯片的渗透率仍然较低,未来有很大的增长空间 [6] 2. 人工智能数据中心市场前景广阔 - 公司已经为人工智能数据中心市场做好准备,拥有满足不断增长需求的硅和碳化硅产品组合 [8] - 预计到2028年,数据中心电源芯片市场将从22亿美元增长到44亿美元 [8] 3. 资本支出已基本完成 - 公司去年资本支出占收入的比例为19.1%,今年已下降至10%,未来长期将降至约5% [10] - 公司收购了一家大型晶圆厂,并将150毫米碳化硅生产线升级到200毫米,提高了产能和效率 [11][12] - 这些投资大部分已完成,未来公司可以更有效地增长,并带动每股收益的增长超过收入增长 [13]

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have a beneficial long position in the shares of ON either through stock ownership, options, or other derivatives. I wrote this article myself ...

文章核心观点 - ON Semiconductor Corporation(Onsemi)是一家有价值的科技股 [1] - 作者有30年航海经验,15年投资经验,擅长研究科技股 [1] 公司概况 - Onsemi是一家半导体公司,专注于电源和传感器技术 [1] 行业分析 无相关内容 财务数据 无相关内容 投资评级 无相关内容 风险提示 无相关内容

Onsemi Today ON onsemi Onsemi $72.24 +0.99 (+1.39%) 52-Week Range $59.34 ▼ $86.77 P/E Ratio 16.46 Price Target $85.43 Add to Watchlist The price of Onsemi NASDAQ: ON is down 40% from its high but won't be for long because end-market normalization and mounting demand for its high-power semiconductor applications will collide in 2025. While the 2024 results are lackluster, the Q3 results align with the expectation growth will resume as soon as the first quarter of F2025 and accelerate as the year progresses. ...

文章核心观点 - ON Semi公司股价在过去几个月内下跌0.8% [1] - 作者此前给予ON Semi公司股票买入评级,对其股价表现并不感到意外或失望 [1] 公司概况 - ON Semi是一家专注于人工智能、半导体、软件和可再生能源领域的科技公司 [1] - 作者是一名专注于科技行业的资深投资分析师,擅长传统基本面分析和先进数据分析工具 [1] - 作者管理着一个私人投资组合,重点关注高质量、估值合理且具有可持续增长潜力的公司 [1] 免责声明 - 作者没有持有任何所提及公司的股票、期权或类似衍生工具,也没有在未来72小时内进行任何相关交易的计划 [2] - 本文为作者独立撰写,不存在任何报酬或商业关系 [2] - Seeking Alpha平台不提供任何投资建议或推荐,其分析师也不受任何监管机构的认证 [3]

I'm an investment analyst with several years of clinical experience and a Master of Business Administration, now expanding my focus beyond biotech and healthcare into a range of sectors. Since 2017, I've had the privilege of sharing my insights on Seeking Alpha. My work emphasizes financial modeling techniques, such as Discounted Cash Flow (DCF) analysis, to uncover hidden assumptions within stock valuations across multiple industries. By deconstructing metrics like revenue growth rates and cash flow margin ...

I like Hassane El-Khory, CEO of ON Semiconductor Corporation (NASDAQ: ON ) aka OnSemi. He comes out authentic, a rare currency on Wall Street. In the summer of 2023, he was the first to call out Bashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from the Queen Mary University of London and a Bachelor's degree in Economic ...

ON Semiconductor (ON) reported third-quarter 2024 non-GAAP earnings of 99 cents per share, which outpaced the Zacks Consensus Estimate by 2.06% but declined 28.8% year over year.Revenues of $1.76 billion beat the Zacks Consensus Estimate by 0.7% but declined 19.2% on a year-over-year basis. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The stock has gained 9% year to date compared with the Zacks Computer & Technology sector’s growth of 48.3%. We believe the raised guidance will help ...

财务数据和关键指标变化 - 第三季度收入为17.6亿美元，较前一季度增长2% [21] - GAAP毛利率为45.4%，非GAAP毛利率为45.5%，较第二季度有所改善 [24] - 第三季度自由现金流较前一季度增长41%至2.94亿美元 [19][29] 各条业务线数据和关键指标变化 - 汽车业务收入为9.51亿美元，较前一季度增长5%，但同比下降18% [21] - 工业业务收入为4.4亿美元，较前一季度下降6%，同比下降29% [22] - 智能传感器业务收入为2.79亿美元，较前一季度增长11% [23] 各个市场数据和关键指标变化 - 中国和日本市场正在复苏，尤其是在电动汽车（XEVs）领域 [7] - 北美和欧洲市场在汽车和工业领域仍然疲软 [7] 公司战略和发展方向和行业竞争 - 公司专注于电动汽车、工业和AI数据中心等快速增长的细分市场 [7][33] - 公司在硅碳化物（SiC）领域的战略是垂直整合，以提供系统优化 [10][11] 管理层对经营环境和未来前景的评论 - 管理层对市场需求的前景持谨慎态度，认为当前的需求环境仍然疲软 [6][19] - 对于2024年，预计市场增长不会显著，硅碳化物收入将保持低到中个位数的增长 [9] 其他重要信息 - 公司在东鱼基尔工厂获得了受信任的铸造认证，将扩展其航空航天和国防业务 [22] - 公司计划在2025年之前将资本强度目标降低至中个位数百分比 [25] 问答环节所有提问和回答 问题: 硅碳化物业务的前景 - 管理层认为硅碳化物的增长仍然是周期性的，长期趋势未变 [36] - 硅碳化物在电动汽车中的重要性依然存在，尽管短期内需求未达到预期 [37] 问题: 毛利率的维持 - 管理层表示，当前的利用率为65%，预计可以维持中位数的毛利率 [39] 问题: 未来的定价讨论 - 管理层强调将继续基于价值定价，而不是追求市场最低价 [42] 问题: 分销库存的增加 - 管理层解释，增加分销库存是为了支持高利润的客户群体 [44] 问题: 硅碳化物的客户组合 - 管理层表示，汽车和工业的客户组合大致保持不变，仍为80%对20% [48] 问题: 资本强度的变化 - 管理层确认，资本强度的降低主要是由于制造效率的提高 [50] 问题: 中国市场的表现 - 管理层指出，中国市场在电动汽车领域的增长依然强劲 [60] 问题: 数据中心的收入预期 - 管理层表示，预计2025年将有更多来自数据中心的收入 [61]

ON Semiconductor Corp. (ON) reported $1.76 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 19.2%. EPS of $0.99 for the same period compares to $1.39 a year ago. The reported revenue represents a surprise of +0.70% over the Zacks Consensus Estimate of $1.75 billion. With the consensus EPS estimate being $0.97, the EPS surprise was +2.06%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...