onsemi First Quarter 2024 Results Exceed Expectations [Yahoo! Finance]
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: Yahoo! Finance
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 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's increasing energy demands, efficiency is paramount, and we are positioned to continue to gain share with our portfolio
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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
- 5/16/24 - Form 144
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- ON's page on the SEC website