Analog chip maker onsemi is set to report earnings Monday after the bell, with analysts expecting revenue to grow 8.2% year on year, a reversal from the 15.4% decline in the same quarter last year. The company beat revenue expectations last quarter, reporting $1.51 billion, up 4.7% year on year, and also exceeded EPS and forward guidance estimates. Analysts have largely maintained their estimates over the past 30 days, though onsemi has missed revenue estimates multiple times over the last two years. Among analog semiconductor peers, Monolithic Power Systems posted 47.6% revenue growth and beat estimates by 8.6%, while Impinj grew 10.7% and beat by 3.5%, with both stocks rising after results. onsemi shares are down 14.2% over the past month, compared to a 12.7% average decline for the group, and it enters earnings with an average analyst price target of $113.12 versus a current price of $81.34.
ON Semiconductor CorporationCompany is the subject of the earnings preview; direction depends on actual results, not yet reported.
Monolithic Power Systems Inc
Impinj Inc