onsemi (ON) Tops Q4 EPS by 6c, Offers Guidance, Announces $3 Billion Share Repurchase Program
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onsemi Exceeds Fourth Quarter Expectations and Announces $3 Billion Share Repurchase Program
February 6, 2023 8:00 AM ESTAchieved record annual revenue, gross margin, and free cash flow
PHOENIX--(BUSINESS WIRE)-- onsemi (the Company) (Nasdaq: ON) today announced its fourth quarter and fiscal year 2022 results with the following highlights:
Fourth quarter revenue of $2,103.6 million increased by 14% year-over-year Fourth quarter GAAP gross margin of 48.5% increased by 343 bps year-over-year and non-GAAP gross margin of 48.4% increased by 321 bps year-over-year Record fourth quarter automotive revenue of $989 million grew 54% year-over-year Fourth quarter GAAP and non-GAAP diluted earnings per share of $1.35 and $1.32, respectively Record fiscal year 2022... More