Onsemi Misses Q4 Revenue, EPS Miss; Shares Drop 6% on 17% Decline in Intelligent Sensing

Onsemi reported fourth-quarter revenue of $1.53 billion, 11% below guidance and down from $1.54 billion estimated, with all major segments posting declines. The intelligent sensing group fell 17% to $249.6 million, power solutions down 11% to $724.2 million, and analog and mixed-signal down 9% to $556.3 million. On an adjusted basis, earnings per share were 64 cents vs. 62 cents estimated. The company expects first-quarter revenue of $1.44–$1.54 billion, below estimates of $1.51 billion. Shares fell nearly 6% in extended trading amid inventory overhang, competition from Chinese peers, softer EV sales, and reduced U.S. clean energy tax credits.