08:19 AM EDT, 05/05/2025 (MT Newswires) -- Onsemi (ON) reported Q1 non-GAAP earnings Monday of $0.55 per diluted share, down from $1.08 a year earlier.

Analysts polled by FactSet expected $0.50.

Revenue for the quarter ended April 4 was $1.45 billion, down from $1.86 billion a year earlier.

Analysts surveyed by FactSet expected $1.4 billion.

The company said it expects Q2 non-GAAP diluted EPS of $0.48 to $0.58 on revenue of $1.4 billion to $1.5 billion. Analysts surveyed by FactSet expect $0.51 and $1.41 billion, respectively.

Shares were 3.5% higher in recent premarket activity.