Stock Track | ON Semiconductor Plunges 5.04% in Pre-Market After Q4 Revenue Miss and Weak Guidance
Stock Track
Feb 10
ON Semiconductor's stock experienced a sharp pre-market decline of 5.04% on Tuesday, following the release of its fourth-quarter financial results.
The chipmaker reported quarterly revenue that fell short of Wall Street estimates, with sales declining approximately 11% year-over-year to $1.53 billion. The drop was attributed to persistent weakness in its power and analog semiconductor business units. Furthermore, the company issued a revenue forecast for the current quarter and the full year 2026 that landed below consensus expectations, signaling ongoing challenges amid a sector-wide inventory glut. Analysts noted that while automotive sales showed improvement, revenue from non-industrial clients significantly underperformed.
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