Stock Movers: On Semiconductor, Wayfair

Scott Peters
05 Aug, 2025
New York City

Wayfair Inc. surged 7% to $73.51 after the online furniture retailer’s net income swung to a profit in the fiscal fourth quarter.

Consolidated revenue in the quarter inched up to $3.2 billion from $3.1 billion, net income swung to a profit of $15 million from a loss of $42 million, and diluted income per share swung to a profit of 11 cents from a loss of 34 cents a year ago.

The import tax imposed by the Trump administration on shipments from China and Asia and the expected surge in tariff rates from August 12 supported the rise in sales in the current quarter. 

For the fiscal year 2025, revenue advanced to $6 billion from $5.8 billion, net loss dropped to $98 million from $290 million, and diluted losses per share dropped to 77 cents from $2.39 a year ago.

Active customers decreased by 4.5% to 21.0 million, and the last twelve-month net revenue per active customer increased by 5.9% to $572 a year earlier.

During the second quarter, orders per customer, measured as LTM orders divided by active customers, were 1.86 compared to 1.85 for the second quarter of 2024.

Net cash provided by operating activities was $273 million, and non-GAAP free cash flow was $230 million.

Orders delivered in the second quarter of both 2025 and 2024 were 10.0 million.

During the three and six months ended June 30, 2025, the company recorded a $6 million and $31 million gain on debt extinguishment upon repurchase of $80 million of 2025 Notes and $696 million of 2026 Notes, respectively.

ON Semiconductor fell 15% to 47.90 after the semiconductor manufacturer reporting a 50% plunge in quarterly profit from a year ago.

Revenue decreased to $1.4 billion from $1.7 billion, net income dropped to $170.3 million from $338.2 million, and diluted earnings per share fell to 41 cents from 78 cents a year ago.

For the fiscal year 2025, revenue fell to $2.9 billion from $3.6 billion, after-tax income swung to a loss of $313.5 million from a profit of $792.1 million, and diluted earnings per share swung to a loss of 76 cents from a profit of $1.82 a year ago.

The company said it returned over 100% of free cash flow year-to-date through share repurchases.

The company said cash from operations was $184.3 million and free cash flow was $106.1 million.