onsemi (ON) Q2 Earnings Beat Estimates, Revenues Down Y/Y
ON Semiconductor(ON) ZACKS·2024-07-30 02:11
onsemi (ON) reported second-quarter 2024 non-GAAP earnings of 96 cents per share, outpacing the Zacks Consensus Estimate by 4.35% but declining 27.8% year over year.Revenues of $1.73 billion beat the Zacks Consensus Estimate by 0.2% but declined 17.2% on a year-over-year basis.Top-Line DetailsPower Solutions Group revenues of $835.2 million (contributing 48.1% to revenues) fell 14.5% year over year. The figure beat the Zacks Consensus Estimate by 2%.Analog & Mixed Group revenues of $647.8 million (37.3% of ...