Filing Flows › On Semiconductor (ON) › Q1 2025
On Semiconductor (ON) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
On Semiconductor (ON) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), -22% from a year earlier and -16% from the quarter before. Operating margin was -39.7%, net loss $485M (33.6% of revenue).
On Semiconductor, Q1 2025: revenue $1.4B (-22% year over year), operating margin -39.7%, net loss $485M, operating cash flow $602M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -16% | -22% |
| Operating profit | −$574M | — | — |
| Net earnings | −$485M | — | — |
| Operating cash flow | $602M | +4% | +21% |
| Free cash flow | $455M | — | +72% |
What changed
Revenue was $1.4B in Q1 2025, down 22% year over year and down 16% from the previous quarter. Power Solutions Group was the largest line at 45% of revenue. Power Solutions Group lost $0.23B year over year (down 26%), 55% of the total change.
Gross margin was 20.3%, down 25.5 points from a year earlier. Operating costs exceeded revenue by $0.57B, an operating margin of -39.7%. Operating expenses grew 164% against a revenue fall of 22%. The fastest-growing cost line was Other operating costs (+3834%). The quarter ended with a net loss of $0.49B, after a profit of $0.38B the previous quarter.
Operating cash flow was $0.60B (up 21% year over year). Non-cash charges added back $0.17B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.89B. After a ($0.15B), free cash flow as the company reports it was $0.45B.
Questions
What was On Semiconductor's revenue in the first quarter 2025?
On Semiconductor (ON) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), -22% from a year earlier and -16% from the quarter before.
Was On Semiconductor profitable in the first quarter 2025?
Operating loss was $574M (-39.7% of revenue) and net loss $485M.
Source: On Semiconductor 10-Q on SEC EDGAR.