ON Semiconductor (ON.US) exceeded revenue expectations in Q2 but saw a 15.5% year-on-year decline. Stock price fell nearly 5%.

According to the cnYES app, ON Semiconductor (ON.US) released its second quarter financial report before the market opened on August 4th. The data shows that Q2 revenue was $1.47 billion, exceeding the market average expectations, but a 15.5% year-on-year drop; Non-GAAP adjusted earnings per share were $0.53, compared to $0.96 in the same period last year, in line with market average expectations.