onsemi (ON) Tops Q1 EPS by 17c, Q2 Guidance Beats
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onsemi Reports Record Revenue, Margins, and non-GAAP Earnings per Share for First Quarter 2022
May 2, 2022 8:00 AM EDTPHOENIX--(BUSINESS WIRE)-- onsemi (the Company) (Nasdaq: ON) today announced results for the first quarter of 2022 with the following highlights:
Record revenue of $1,945.0 million, an increase of 31% year-over-year GAAP diluted earnings per share of $1.18 as compared to $0.20 in the quarter a year ago Record non-GAAP diluted earnings per share of $1.22 as compared to $0.35 in the quarter a year ago Record GAAP and non-GAAP gross margin of 49.4 percent increased 1,420 basis points year-over-year Record GAAP operating margin of 33.3% increased 730 basis points quarter-over-quarter and 2,480 basis point year-over-year Record non-GAAP operating... More