ON Semiconductor Q2 Earnings CEO Highlights Automotive Gains, Strong Q3 Outlook
ON Semiconductor Q2 Earnings CEO Highlights Automotive Gains, Strong Q3 Outlook
$ON Semiconductor (ON.US)$ 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.
$安森美半導體 (ON.US)$本股票報告2024財年第二季度營業收入同比下降17.2％，爲17.4億美元，超過分析師共識預期的17.3億美元。每股調整後收益爲0.96美元，超過分析師共識預期的0.92美元。
As of June 28, 2024, the frim reported bookings of approximately $14.7 billion. The firm said in filings it expects to recognize approximately 30% of this amount as revenue during the next twelve months- about $4.2B.
截至2024年6月28日，該公司報告的預訂額約爲147億美元。該公司在文件中表示，預計未來12個月中將有約30％（約42億美元）的預訂額確認爲收入。
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.
來自電力解決方案組（PSG）的營收同比下降15％至8,352萬美元，模擬和混合信號組（AMG）同比下降18％至6,478萬美元，智能傳感組（ISG）同比下降22％至2,522萬美元。
The adjusted gross margin declined by 210 bps to 45.3%, and the adjusted operating margin decreased by 530 bps to 27.5%, implying semiconductor industry pricing pressures.
調整後的毛利率下降210個點子至45.3％，調整後營業利潤率下降530個點子至27.5％，表明半導體行業面臨價格壓力。
ON Semiconductor generated $207.7 million in free cash flow and held $2.68 billion in cash and equivalents as of June 28, 2024.
安森美半導體公司在2024年6月28日產生了2077萬美元的自由現金流，並持有26.8億美元的現金和等價物。
CEO Hassane El-Khoury said, "As reflected by our recent supply agreement with Volkswagen Group, we also continue to strengthen our silicon carbide leadership position in automotive as we ramp production with leading global OEMs in Europe, North America and China."
首席執行官哈桑·埃爾庫裏（Hassane El-Khoury）表示：“正如我們最近與大衆集團的供應協議所反映的那樣，我們還在加強在歐洲，北美和中國的領先全球汽車製造商的生產中一直保持碳化硅的領導地位。”
ON Semiconductor expects third-quarter adjusted revenue of $1.70 billion – $1.80 billion, versus the consensus of $1.73 billion.
安森美半導體預計第三季度調整後營業收入爲17億至18億美元，而共識預期爲17.3億美元。
The company sees adjusted EPS of $0.91 – $1.03 versus the consensus of $0.92.
該公司看好每股調整後收益爲0.91至1.03美元，而分析師普遍預計爲0.92美元。
ON Semiconductor stock lost 35% in the last 12 months. Earlier in July, Citigroup and Morgan Stanley downgraded rating and price targets on the stock. The reratings coincided with the US intensifying the advanced semiconductor embargo on China, affecting the chip stocks.
過去12個月裏，安森美半導體公司股價下跌了35％。今年7月，花旗集團和大摩資源（Morgan Stanley）下調了該股票的評級和價格目標。此次重新評級與美國加強對中國高級半導體出口禁令有關，對芯片股產生影響。