Onsemi forecasts first-quarter revenue below estimates
Portfolio Pulse from
Onsemi has forecasted first-quarter revenue below Wall Street expectations due to reduced demand for its automotive chips, leading to a 9% drop in its shares during premarket trading.
February 10, 2025 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Onsemi's forecast for first-quarter revenue fell short of Wall Street expectations due to decreased demand for automotive chips, resulting in a 9% drop in premarket trading.
The company's revenue forecast falling below expectations is a direct negative indicator for its financial performance, leading to a significant drop in share price. The reduced demand for automotive chips, a key product, exacerbates the situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100