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Onsemi’s ‘Bad Numbers’ Show ‘Really Challenging Quarter’ Despite Estimates Beat

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Manage episode 480766110 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Ryan Payne and Cory Johnson break down Onsemi (ON) earnings as the semiconductor maker sells off after a beat. Cory says that despite the beat, these were “bad numbers” and a “really challenging quarter” for Onsemi. He discusses how ON has focused heavily on great EV chips, but the demand for those vehicles has fallen off. Ryan, who is overall bullish on the global economy, thinks semiconductors are a decent bet.

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4451 episodes

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Manage episode 480766110 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Ryan Payne and Cory Johnson break down Onsemi (ON) earnings as the semiconductor maker sells off after a beat. Cory says that despite the beat, these were “bad numbers” and a “really challenging quarter” for Onsemi. He discusses how ON has focused heavily on great EV chips, but the demand for those vehicles has fallen off. Ryan, who is overall bullish on the global economy, thinks semiconductors are a decent bet.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – https://twitter.com/schwabnetwork

Follow us on Facebook – https://www.facebook.com/schwabnetwork

Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

  continue reading

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