ON Semiconductor stock pops on Q2 earnings beat

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ON Semiconductor News

Brad Smith,Brian Sozzi

Shares of ON Semiconductor (ON) are soaring in early trading on Monday. The chip company reported second quarter earnings that topped analyst estimates and...

) are soaring in early trading on Monday. The chip company reported second quarter earnings that topped analyst estimates and its Q3 guidance is about in line with what Wall Street was expecting.We're keeping an eye on on semi this morning as you're taking a look at shares moving higher by about 11% on the rise following its earnings release here.And this was when I was tracking coming into the start of trading one of the larger companies reporting before the bell this morning.

I need to go back and list that earnings call, but it's hard to see what the market is locking in here.Operating margins were also down, and then earnings per share was also down. As of right now and something else I don't like just leaving, uh, viewers on this from a from a fundamental perspective, sales down sequentially, or quarter over quarter in each of the company's business segments.

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