安森美公布 2025 年第四季度及全年业绩

2025年通过股票回购向股东返还14亿美元自由现金流

安森美宣布公布其2025年第四季度及全年财务业绩，要点如下：

• 第四季度收入为15.30亿美元
• 第四季度公认会计原则（以下简称“GAAP”）和非GAAP毛利率分别为36.0%和38.2%
• 第四季度GAAP营业利润率和非GAAP营业利润率分别为13.1%和19.8%
• 第四季度GAAP每股摊薄收益和非GAAP每股摊薄收益分别为0.45美元和0.64美元

2025年运营现金流为18亿美元，自由现金流为14亿美元，自由现金流率创历史新高，达到24%。

“我们在第四季度保持了严谨的执行力，业绩符合预期，并看到重点市场逐步企稳的迹象，”安森美总裁兼CEO Hassane El-Khoury说，“我们将继续投资于智能电源和感知技术，以在塑造行业未来的关键技术转型中占据领先地位。我们的战略非常清晰：通过创新，在汽车、工业以及人工智能（AI）数据中心电源领域引领市场，为客户提供更高价值的解决方案，并为股东创造长期回报。”

“2025年，我们的自由现金流达到了14亿美元，并通过股票回购向股东返还了全年100%的自由现金流。随着主要投资周期的结束以及新技术逐步放量，公司的财务基础持续夯实。通过在全公司范围内推动成本结构的实质性改善，我们不断增强运营模式的杠杆效应，”安森美执行副总裁兼首席财务官Thad Trent表示，“我们将持续专注于卓越运营和利润率提升，并已为市场环境改善做好充分准备。”

2025年第四季度业务亮点：

• 宣布授权一项新股票回购计划，未来三年内回购规模最高可达60亿美元
• 发布垂直氮化镓（vGaN）功率半导体，在功率密度、能效和可靠性方面树立了新的行业标杆
• 与英诺赛科（Innoscience）签署谅解备忘录（MoU），探索利用其成熟的200mm GaN‑on‑silicon工艺扩大氮化镓功率器件产能
• 与格罗方德（GlobalFoundries，GF）达成新的合作协议，共同研发并制造下一代氮化镓（GaN）功率器件，合作将从650V器件开始

下表概列2025年第四季度与可比较时期的部分财务业绩:

下表概列2025年和2024年财务业绩：

2026年第一季度展望

下表概列安森美预计2026年第一季度的GAAP及非GAAP展望：

*Diluted shares outstanding can vary as a result of, among other things, the vesting of restricted stock units, the incremental dilutive shares from the Company's convertible notes, and the repurchase or the issuance of stock or convertible notes or the sale of treasury shares. In periods when the quarterly average stock price per share exceeds $52.97 for the 0% Notes, and $103.87 for the 0.50% Notes, the non-GAAP diluted share count and non-GAAP net income per share include the anti-dilutive impact of the Company's hedge transactions entered concurrently with the 0% Notes and the 0.50% Notes, respectively. At an average stock price per share between $52.97 and $74.34 for the 0% Notes and $103.87 and $156.78 for the 0.50% Notes, the hedging activity offsets the potentially dilutive effect of the 0% Notes and 0.50% Notes, respectively. In periods when the quarterly average stock price exceeds $74.34 for the 0% Notes, and $156.78 for the 0.50% Notes, the dilutive impact of the warrants issued concurrently with such notes are included in the diluted shares outstanding. GAAP and non-GAAP diluted share counts are based on either the previous quarter's average stock price or the stock price as of the last day of the previous quarter, whichever is higher.

**Special items may include: amortization of intangibles; expensing of appraised inventory fair market value step-up; purchased in-process research and development expenses; restructuring, asset impairments and other, net; goodwill and intangible asset impairment charges; gains and losses on debt prepayment; non-cash interest expense; actuarial (gains) losses on pension plans and other pension benefits; and certain other special items, as necessary. These special items are out of our control and could change significantly from period to period. As a result, we are not able to reasonably estimate and separately present the individual impact or probable significance of these special items, and we are similarly unable to provide a reconciliation of the non-GAAP measures. The reconciliation that is unavailable would include a forward-looking income statement, balance sheet and statement of cash flows in accordance with GAAP. For this reason, we use a projected range of the aggregate amount of special items in order to calculate our projected non-GAAP operating expense outlook.

***We believe these non-GAAP measures provide important supplemental information to investors. We use these measures, together with GAAP measures, for internal managerial purposes and as a means to evaluate period-to-period comparisons. However, we do not, and you should not, rely on non-GAAP financial measures alone as measures of our performance. We believe that non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when taken together with GAAP results and the reconciliations to corresponding GAAP financial measures that we also provide in our releases, provide a more complete understanding of factors and trends affecting our business. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures, even if they have similar names.

电话会议

安森美已于美国东部时间（ET）2026年2月9日下午5时举行金融界电话会议，讨论此次的发布和安森美2025年第四季度及全年业绩。英语电话会议已在公司网站http://www.onsemi.cn的“投资者关系”网页作实时广播。实时网上广播大约1小时后在该网站回放，为时30天。

关于安森美（onsemi）

安森美（onsemi, 纳斯达克股票代号：ON）致力推动颠覆性创新，打造更美好的未来。公司关注汽车和工业终端市场的大趋势，加速推动汽车功能电子化和汽车安全、可持续电网、工业自动化以及5G和云基础设施等细分领域的变革创新。安森美提供高度差异化的创新产品组合以及智能电源和智能感知技术，以解决全球最复杂的挑战，引领创造更安全、更清洁、更智能的世界。安森美被纳入纳斯达克100指数和标普500指数。

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