ON Semiconductor (ON) Tops Q3 EPS by 7c

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ON Semiconductor Reports Third Quarter 2020 Results

October 31, 2020 12:00 PM EDT

Revenue of $1,317.3 million GAAP and non-GAAP gross margin of 33.5 percent GAAP operating margin of 9.0 percent and non-GAAP operating margin of 12.0 percent GAAP diluted earnings per share of $0.38 and non-GAAP diluted earnings per share of $0.27

PHOENIX--(BUSINESS WIRE)-- ON Semiconductor Corporation (Nasdaq: ON) today announced that 2020 third quarter revenue was $1,317.3 million, down approximately 5 percent compared to 2019 third quarter revenue. 2020 third quarter revenue was up approximately 9 percent as compared to 2020 second quarter revenue.

"We delivered strong third quarter results, driven by broad-based macroeconomic... More