ON Semiconductor (ON) Reports In-Line Q3 EPS; Guides Q4 Revs Below the Street

ON Semiconductor (NASDAQ: ON) reported Q3 EPS of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter came in at $904.2 million versus the consensus estimate of $906.75 million.

ON Semiconductor sees Q4 2015 revenue of $830-870 million, versus the consensus of $892.05 million.

"The current macroeconomic environment has been challenging, but we continue to outpace the industry," said Keith Jackson, president and CEO of ON Semiconductor. "Order trends for most end-markets have been sub-seasonal due to realignment of supply chain, but recent trends have been encouraging and point to an improving industry environment early next year.

"We remain optimistic about the strength of our product portfolio and design win pipeline. Our momentum in industrial, automotive and smartphone markets should continue to accelerate as new design wins ramp into production and the breadth of our customer engagement grows."

For earnings history and earnings-related data on ON Semiconductor (ON) click here.

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