onsemi (NASDAQ:ON) Misses Q1 Revenue Outlook; Q4 Revenue Down 11.2% Despite Meeting Estimates

onsemi (NASDAQ:ON) met revenue expectations in Q4 CY2025 but posted a 11.2% year-over-year decline to $1.53 billion, with next-quarter revenue guidance of $1.49 billion 1.4% below estimates. Non-GAAP profit of $0.64 per share beat by 2.5 percentage points. Inventory days in supply rose to 185, 22 days above the five-year average, signaling higher capital intensity and potential softening demand. The company trimmed guidance for CY2026, and shares fell 4.6% to $62.23 in after-hours trading on the report. Over the past five years, onsemi has delivered 2.7% CAGR in sales, lagging recent industry cycles and below its 2023–2025 14.8% annual revenue contraction. Sell-side analysts project 5.5% CY2026 revenue growth, though below sector averages. Management cited stabilization in key markets, and inventory levels showed improvement.