Adjusted diluted earnings per share were $2.85, up 45%, exceeding the high end of guidance.
Adjusted EBITDA margin expanded by 280 basis points to 21.4%.
Electronics segment margin was flat year-over-year at 21.6%, Transportation margin increased by 610 basis points to 20.5%, and Industrial margin increased by 610 basis points to 22.1%.
Littelfuse reported second quarter 2025 revenue of $613 million, up 10% year-over-year and 6% organically.
Net debt-to-EBITDA leverage stood at 1.1x, with $685 million cash on hand.
Operating cash flow was $82 million, with free cash flow of $73 million in the quarter and $115 million year-to-date, representing a 114% conversion rate.
Segment sales growth: Electronics up 10% (4% organic), Transportation up 6% (4% organic), Industrial up 17% organic.
The Dortmund acquisition contributed 2% to sales growth, and foreign exchange was a 1% tailwind.
The company is focusing on extending market access through ongoing technology transitions, particularly in advanced dispense, vertical wire, and thermo-compression bonding (TCB).
Introduction of new products like advanced dispense capabilities scheduled for September at SEMICON Taiwan, highlighting ongoing R&D efforts.
Vertical wire technology is on track with initial high-volume production expected in fiscal 2026, driven by demand for high-bandwidth, low-power memory applications such as mobile HBM and energy-efficient DRAM.
The company emphasizes the importance of fluxless thermo-compression (FTC) solutions, supporting large customers in mass production and planning to ship initial FTC systems for high-power HBM by the end of 2025.
Management sees these technological advancements as key to capturing market share and supporting long-term growth despite near-term industry headwinds.
Strategic Focus on High-Value Technologies and Portfolio Rationalization
onsemi is actively exiting noncore businesses and repositioning its sensing portfolio towards higher value segments such as ADAS and machine vision.
The company is ending the end-of-life of certain legacy products, with an expected $50-100 million revenue impact in 2026 that won't repeat.
Investments are focused on next-generation technologies where the company has clear competitive advantages, including intelligent power, sensing, and analog mixed signal technologies.
Dafinchi
