onsemi (ON) Tops Q2 EPS by 12c, Offers Guidance

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Go back to onsemi (ON) Tops Q2 EPS by 12c, Offers Guidance

onsemi Second Quarter 2023 Results Exceed Expectations

July 31, 2023 8:00 AM EDT

Automotive and Industrial end-markets drive growth, contribute 80% of revenue

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- onsemi (the Company) (Nasdaq: ON) today announced results for the second quarter of 2023 with the following highlights:

Revenue of $2,094.4 million, flat year-over-year GAAP and non-GAAP gross margin of 47.4 percent GAAP operating margin and non-GAAP operating margin of 32.2 percent and 32.8 percent, respectively GAAP diluted earnings per share of $1.29 and non-GAAP diluted earnings per share of $1.33, approximately flat compared to $1.34 in the quarter a year ago Record Automotive revenue exceeded $1 billion increased 35%... More