【导读】2026年2月10日，全世界领先的智能电源及感知技能供给商安森美（onsemi）正式宣布其2025年第四序度和整年财政事迹。陈诉显示，公司第四序度实现收入15.30亿美元，各项要害财政指标均切合预期，此中非GAAP毛利率达38.2%，非GAAP每一股摊薄收益为0.64美元。尤为惹人注目的是，2025年整年自由现金流到达14亿美元，自由现金流率创下24%的汗青新高，彰显出公司强劲的盈利能力及卓着的运营效率。于事迹发布的同时，安森美还有公布了一系列战略互助与技能立异举措，为将来成长奠基坚实基础。

“咱们于第四序度连结了严谨的履行力，事迹切合预期，并看到重点市场慢慢企稳的迹象，”安森美总裁兼CEO Hassane El-Khoury说，“咱们将继承投资在智能电源及感知技能，以于塑造行业将来的要害技能转型中盘踞领先职位地方。咱们的战略很是清楚：经由过程立异，于汽车、工业以和人工智能（AI）数据中央电源范畴引领市场，为客户提供更高价值的解决方案，并为股东创造持久回报。”

“2025年，咱们的自由现金流到达了14亿美元，并经由过程股票回购向股东返还有了整年100%的自由现金流。跟着重要投资周期的竣事以和新技能慢慢放量，公司的财政基础连续夯实。经由过程于全公司规模内鞭策成本布局的本色性改善，咱们不停加强运营模式的杠杆效应，”安森美履行副总裁兼首席财政官Thad Trent暗示，“咱们将连续专注在卓着运营及利润率晋升，并已经为市场情况改善做好充实预备。”

2025年第四序度营业亮点：

公布授权一项新股票回购规划，将来三年内回购范围最高可达60亿美元

发布垂直氮化镓（vGaN）功率半导体，于功率密度、能效及靠得住性方面树立了新的行业标杆

与英诺赛科（Innoscience）签订体谅备忘录（MoU），摸索使用其成熟的200妹妹 GaN‑on‑silicon工艺扩展氮化镓功率器件产能

与格罗方德（GlobalFoundries，GF）告竣新的互助和谈，配合研发并制造下一代氮化镓（GaN）功率器件，互助将从650V器件最先

下表概列2025年第四序度与可比力期间的部门财政事迹:

下表概列2025年及2024年财政事迹：

2026年第一季度瞻望

下表概列安森美估计2026年第一季度的GAAP和非GAAP瞻望：

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 美金52.97 for the 0% Notes, and 美金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 美金52.97 and 美金74.34 for the 0% Notes and 美金103.87 and 美金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 美金74.34 for the 0% Notes, and 美金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.

总结

安森美2025年的财政体现充实验证了其战略转型的乐成与运营模式的连续优化。经由过程聚焦汽车、工业和人工智能数据中央电源等焦点增加范畴，公司不仅实现了稳健的财政回报，更于技能立异及产能结构上取患上冲破性进展——从垂直氮化镓（vGaN）功率半导体的发布，到与英诺赛科、格罗方德的深度互助，均表现出安森美于下一代功率器件范畴的领先大志。