Onsemi shares jump as Q2 earnings, margin come ahead of estimates
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onsemi Announces Second Quarter 2024 Results
July 29, 2024 8:00 AM EDTFree cash flow increase of ~$250 million year over year
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- onsemi (the Company) (Nasdaq: ON) today announced results for the second quarter of 2024 with the following highlights:
Revenue of $1,735.2 million GAAP gross margin and non-GAAP gross margin of 45.2% and 45.3%, respectively GAAP operating margin and non-GAAP operating margin of 22.4% and 27.5%, respectively GAAP diluted earnings per share and non-GAAP diluted earnings per share of $0.78 and $0.96, respectively Returned ~$650 million of free cash flow over last twelve months to... More