ON Semiconductor shares fell 5% in after-hours trading after Q4 revenue missed consensus, though adjusted EPS beat expectations and guidance remained in line.
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Allegro Microsystems' stock jumps 15% on acquisition rumors, with ON Semiconductor reportedly considering a takeover, highlighting potential consolidation in the semiconductor industry
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ON Semiconductor (#ON) exceeded expectations in their recent #earnings report, with earnings per share (EPS) coming in at $1.08, surpassing the forecast of $1.04. Additionally, their revenue reached $1.86 billion, slightly exceeding the forecast of $1.85 billion. #ONSemiconductor