onsemi First Quarter 2024 Results Exceed Expectations
ON Semiconductor Corporation (ON)
Last on semiconductor corporation earnings: 2/3 06:00 am
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US:NASDAQ Investor Relations:
onsemi.com/powersolutions/content.do?id=1116
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Source: Business Wire
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 millionGAAP gross margin and non-GAAP gross margin of 45.8% and 45.9%, respectivelyGAAP operating margin and non-GAAP operating margin of 28.2% and 29.0%, respectivelyGAAP diluted earnings per share and non-GAAP diluted earnings per share of $1.04 and $1.08, respectivelyReturned ~100% of free cash flow over last twelve months to shareholders through stock repurchases“The structural changes we have made to the business over the last three years have enabled us to sustain our gross margin despite challenging market conditions,” said Hassane El-Khoury, president and chief executive officer of onsemi. “In the current environment, we remain focused on execution while investing for our long-term growth. As power continues to play a critical role in the world’
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News
- Onsemi (NASDAQ: ON) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $100.00 price target on the stock.MarketBeat
- Image Sensor Market Size, Industry Growth at a CAGR of 8.1% [Yahoo! Finance]Yahoo! Finance
- Deciphering ON Semiconductor Corp. (ON) International Revenue Trends [Yahoo! Finance]Yahoo! Finance
- ON Semiconductor Corporation (NASDAQ:ON) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Onsemi (NASDAQ: ON) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $90.00 to $85.00. They now have a "buy" rating on the stock.MarketBeat
ON
Earnings
- 4/29/24 - Beat
ON
Sec Filings
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/23/24 - Form 4
- ON's page on the SEC website