ON Semiconductor Corp (NASDAQ: ON) on Monday reported third quarter 2025 revenue and earnings that exceeded analyst expectations.
The chip maker posted adjusted earnings for the quarter of $0.63 per share, better than the Wall Street consensus forecast of $0.59.
The company’s revenue for the period fell to $1.55 billion from $1.76 billion a year ago but surpassed the analyst consensus estimate of $1.52 billion.
About half of ON Semiconductor’s total revenue comes from sales to auto makers.
“Our third quarter results exceeded expectations, underscoring the strength of our strategy and the resilience of our business model,” ON Semiconductor CEO Hassane El-Khoury said in a statement.
“We’re seeing continued signs of stabilization across our core markets, as well as positive growth in AI.”
The company also said it expects Q4 revenue of $1.48 billion to $1.58 billion along with adjusted earnings of $0.57 to $0.67 a share, in line with Wall Street expectations.
ON Semiconductor shares edged 0.5% lower to $49.82 in early trading on Monday.