安森美半导体（ON）今日盘前股价大幅下跌5.04%，引发了市场的广泛关注。
消息面上，公司公布了截至2025年12月31日的第四季度业绩，总营收约为15.3亿美元，同比下滑11%，调整后每股收益为0.64美元，远低于上年同期的约0.95美元。尽管这两项数据略高于华尔街分析师的预期，但公司对当前第一季度（2026年第一季度）的业绩展望不及市场预期，是导致股价下跌的主要原因。
根据公司管理层提供的指引，第一季度营收预计中值约为14.9亿美元，低于分析师平均预期的15.1亿美元；调整后每股收益预期中值为0.61美元，也略低于市场预期的0.63美元。市场此前对公司受益于AI数据中心电力链条的强劲增长抱有较高期待，但不及预期的指引令投资者感到失望，认为AI数据中心驱动的“超级周期”尚未正式到来。
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