ON Semiconductor (Nasdaq: ONNN) reported earnings on Aug. 3. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), ON Semiconductor missed estimates on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank significantly.

Margins dropped across the board.

Revenue details
 ON Semiconductor reported revenue of $744.8 million. The 20 analysts polled by S&P Capital IQ looked for a top line of $764.7 million on the same basis. GAAP reported sales were 18% lower than the prior-year quarter's $905.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.14. The 21 earnings estimates compiled by S&P Capital IQ averaged $0.14 per share. GAAP EPS of $0.02 for Q2 were 71% lower than the prior-year quarter's $0.07 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 34.7%, 50 basis points worse than the prior-year quarter. Operating margin was 8.3%, 430 basis points worse than the prior-year quarter. Net margin was 0.9%, 290 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $745.3 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $2.98 billion. The average EPS estimate is $0.55.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 475 members out of 493 rating the stock outperform, and 18 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give ON Semiconductor a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ON Semiconductor is outperform, with an average price target of $10.50.

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