ON Semiconductor Expects Q2 Revenue of $1.68B-$1.78B Vs $1.83B Est, Adj EPS of $0.86-$0.98 Vs $1.01 Est
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor forecasts Q2 2024 revenue of $1.68B-$1.78B, below the $1.83B estimate, and adjusted EPS of $0.86-$0.98, under the $1.01 estimate. The outlook includes GAAP and non-GAAP projections for revenue, gross margin, operating expenses, and other financial metrics.
April 29, 2024 | 12:05 pm
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ON Semiconductor expects lower Q2 2024 revenue and adjusted EPS than market estimates, indicating potential challenges ahead.
The company's projected revenue and adjusted EPS for Q2 2024 are both below analyst estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The detailed financial outlook provided, including adjustments for GAAP to non-GAAP figures, suggests a comprehensive analysis but also highlights areas of concern that could impact profitability and operational efficiency.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100