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Onsemi shares jump as Q2 earnings, margin come ahead of estimates

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Onsemi shares jump as Q2 earnings, margin come ahead of estimates

The company posted quarterly earnings per share of $0.96, surpassing the analysts' estimate of $0.92. Revenue for the quarter came in at $1.74 billion, also slightly above the consensus estimate of $1.73 billion.

Adjusted operating margin stood at 27.5%, down from 32.8% year-over-year but above the estimate of 26.8%.Revenue is projected to range between $1.7 billion and $1.8 billion, against the consensus estimate of $1.779 billion. “We remain dedicated to driving growth through market share gains, doubling down on investments in strategic markets, and expanding the breadth of our portfolio of industry-leading products with analog and mixed-signal solutions,” said Hassane El-Khoury, president and CEO of Onsemi.

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