onsemi (ON) tops Q1 expectations but guidance falls short

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Go back to onsemi (ON) tops Q1 expectations but guidance falls short

onsemi First Quarter 2024 Results Exceed Expectations

April 29, 2024 8:00 AM EDT

Increased free cash flow approximately 3x year-over-year

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- onsemi (the Company) (Nasdaq: ON) today announced results for the first quarter of 2024 with the following highlights:

Revenue of $1,862.7 million GAAP gross margin and non-GAAP gross margin of 45.8% and 45.9%, respectively GAAP operating margin and non-GAAP operating margin of 28.2% and 29.0%, respectively GAAP diluted earnings per share and non-GAAP diluted earnings per share of $1.04 and $1.08, respectively Returned ~100% of free cash flow over last twelve months to shareholders... More