Quinn Bolton
Analyst, Needham & Company
Replay available
ON Semiconductor Corporation (ON) Q3 2025 Earnings Call
ON Semiconductor Corporation (NASDAQ: ON) Q3 2025 earnings conference call, held 2025-11-03. Replay captured from the company's public earnings webcast.
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Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.957 We anticipate Q4 revenue will be in the range of $1.48 billion to $1.58 00:00:05.957 -- 00:00:08.580 billion. Our 00:00:08.580 -- 00:00:13.765 non-GAAP gross margin is expected to be between 37 and 39 percent, 00:00:13.765 -- 00:00:17.889 which includes share-based compensation of $8 million. 00:00:17.889 -- 00:00:23.533 Non-GAAP operating expenses are expected to be between $282 and $297 00:00:23.815 -- 00:00:29.619 million, which includes share-based compensation of $32 million. 00:00:29.832 -- 00:00:35.136 We anticipate our non-GAAP other income to be a net benefit of $7 million, 00:00:35.136 -- 00:00:39.240 with our interest income exceeding interest expense. 00:00:39.240 -- 00:00:43.303 We expect our non-GAAP tax rate to be approximately 16%, 00:00:43.303 -- 00:00:49.549 and our non-GAAP diluted share count is expected to be approximately 405 million shares. 00:00:49.549 -- 00:00:55.554 This results in non-GAAP earnings per share in the range of 57 to 67 cents. 00:00:55.554 -- 00:01:00.876 We expect capital expenditures in the range of 20 to $40 million. 00:01:01.253 -- 00:01:06.639 To close, we remain focused on disciplined execution and financial leverage. 00:01:06.639 -- 00:01:11.524 The structural changes we have made across our portfolio, operations, and manufacturing 00:01:11.524 -- 00:01:16.849 footprint are driving margin expansion and positioning on CME for long-term 00:01:16.849 -- 00:01:22.695 earnings power. With over 100% of our year-to-date free cash flow returned to shareholders, 00:01:22.695 -- 00:01:27.761 we continue to prioritize capital efficiency and shareholder value while 00:01:27.761 -- 00:01:31.055 investing in innovation and differentiation. 00:01:31.055 -- 00:01:36.524 As the market stabilizes, we ar...