US semiconductor supplier onsemi announced its latest financial report on the 4th, with sales dropping by more than 10% last quarter, and its outlook for the quarter was also flat, mainly due to the US tax hindering the car market, and the car chip market was weak. Strictly dragged down by negative financial reports, ON Semi-US stock price fell 15.58%, the most depressing stock of the TOP 500 index that day.
Onsenmi Financial Report shows that in the second quarter of 2025 (as of July 4, 2025), the annual closing price dropped by 15% to $1.47 billion, but exceeded the Wall Street expectations of $1.45 billion; the adjusted earnings per share was $0.53, in line with Wall Street expectations.
(Source: ON Semi)
Onsemi business focuses on two major areas of the end-of-market automobile and industrial markets. Among them, the automobile business closed at US$733.2 billion in the second quarter, higher than the expected US$716 billion on Huaer Street, but wrote the lowest record since the first quarter of 2022.
Onsenmi High-level admitted at the financial conference that the global electric vehicle market is still weak, especially in North America and Europe, demand has decreased significantly, and there is still a lack of sufficient recovery power at the stage. The pull-out capacity of silicon carbide (SiC) chip products is limited, and the third quarter is expected to grow only at a low-digit growth.
In addition, the Trump administration canceled the $7,500 reduction in the rental tax of federal electric vehicle, which would have a high chance of hindering the U.S. electric vehicle purchase, and also cast a shadow on the future of the entire electric vehicle industry.
Looking ahead to the third quarter of 2025, ON Semi-Mei estimates that the single quarterly closing is between $1.47 billion and $1.57 billion, and the adjusted earnings per share is estimated at $0.54 to $0.64, and the middle values are both higher than the expected $1.5 billion and $0.58 on Huaer Street.
On August 4, ON Semi-US stock price fell 15.58% and closed at $47.97, making it the worst stock on the TP 500 index that day.