ON Semiconductor Corporation (ON) Deutsche Bank 2025 Technology Conference Call (Transcript)

ON Semiconductor Corporation (NASDAQ:ON) Deutsche Bank 2025 Technology Conference August 28, 2025 1:15 PM ET

Company Participants

Hassane S. El-Khoury – President, CEO & Director
Thad Trent – Executive VP, CFO, Treasurer & Principal Accounting Officer

Conference Call Participants

Ross Clark Seymore – Deutsche Bank AG, Research Division

Ross Clark Seymore

All right, everybody. We’ll get started with the next fireside chat. We have both the CEO, Hassane El-Khoury and Thad Trent from onsemi, the CFO. And so guys, thank you very much for coming down to Dana Point. Why don’t we start with just kind of a lay of the land cyclically and where we are. You guys have been, relatively speaking, more cautious on the slope of the recovery — well, the length of the downturn and the slope of the recovery, and that’s proven to be wise because we’ve had many companies guide for an improvement and then have to backtrack on that over the last nearly 18 months. So as we stand today, it sounds like things are getting a little bit better and maybe the question is on the slope. So how are you guys feeling about your business today?

Question-and-Answer Session

Hassane S. El-Khoury

Look, it’s — I think the answer is I have to give it in relative terms. When I talked about the last few quarters, we’re seeing signs of stabilization. I take that as a positive stabilization from where the business — the business was prior to that. So stabilization is a positive. We’re still seeing it that way. You can talk about visibility is slightly better. we still have turns into the quarter. But if you think about where we are today from the same time where we were last quarter, we need less turns. So on a relative basis, I think you can talk about that being an improvement.