07:45 AM EST, 02/10/2025 (MT Newswires) -- ON Semiconductor (ON) reported Q4 non-GAAP earnings Monday of $0.95 per diluted share, down from $1.25 a year earlier.

Analysts polled by FactSet expected $1.03.

Revenue for the quarter ended Dec. 31 was $1.72 billion, down from $2.02 billion.

Analysts surveyed by FactSet expected $1.76 billion.

For Q1, the company expects non-GAAP earnings of $0.45 to $0.55 on revenue of $1.35 billion to $1.45 billion. Analysts surveyed by FactSet expect $0.96 in earnings from revenue of $1.69 billion.

Shares of the company were down more than 7% in recent premarket activity.