ON Semiconductor (ON) Tops Q3 EPS by 13c, Offers Q4 Guidance
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onsemi Reports Record Revenue and Non-GAAP Earnings Per Share for Third Quarter 2021
November 1, 2021 8:00 AM EDTPHOENIX--(BUSINESS WIRE)-- ON Semiconductor Corporation ("onsemi") (Nasdaq: ON) today announced results for the third quarter of 2021 with the following highlights:
Record revenue of $1,742.1 million, an increase of 32 percent year-over-year GAAP diluted earnings per share of $0.70 as compared to $0.38 in the quarter a year ago Record non-GAAP diluted earnings per share of $0.87 as compared to $0.27 in the quarter a year ago GAAP gross margin of 41.4 percent increased 310 basis points quarter-over-quarter and 790 basis points year-over-year Non-GAAP gross margin of 41.5 percent increased 310 basis points quarter-over-quarter and 800 basis points... More