ON Semiconductor Corp. is set to report its first-quarter financial results for the period ending April 1, 2022, with analysts anticipating earnings of $1.05 per share, a notable increase of 41.7% year-over-year. The company recently reported revenues of $1.85 billion, representing a 27.6% rise compared to the previous year, driven by robust demand across multiple sectors including industrial, computing, and automotive. With expectations of continued growth and a strong position in the electric vehicle market, Zacks has upgraded its rating for ON Semiconductor to 'Strong Buy'.
“onsemi · plans to announce · financial results · first quarter, ended April 1, 2022”
“onsemi · will host · conference call · 9 a.m. Eastern Time (ET) on May 2, 2022”
“onsemi · provides access to conference call via · webcast · Investor Relations section of the company’s website”
“onsemi · provides access to conference call via · teleconference · (877) 356-3762 (U.S./Canada) or (262) 558-6155 (International)”
“ON Semiconductor Corp. · has recently been · on Zacks.com's list of the most searched stocks · true”
“ON Semiconductor Corp. · returned · -9.8% · over the past month”
“ON Semiconductor Corp. · is expected to post earnings · $1.05 per share · for the current quarter”
“consensus earnings estimate of ON Semiconductor Corp. · points to a change · +41.7% · from the prior year”
“Zacks Rank · rates · ON Semiconductor Corp. · #3 (Hold)”
“consensus sales estimate for ON Semiconductor Corp. · indicates a year-over-year change · +28.7% · for the current quarter”
“ON Semiconductor Corp. · reported revenues · $1.85 billion · in the last reported quarter”
“revenues of ON Semiconductor Corp. · represent a year-over-year change · +27.6% · in the last reported quarter”
