---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-273174"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:22:27.178825+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# onsemi Q3 revenue $2.19B (+26% YoY); record non-GAAP op margin 35.4%, EPS $1.45

## Summary
- Record revenue of $2,192.6M, up 26% YoY; all segments grew (PSG +25%, ASG +20%, ISG +45%).
- GAAP gross margin 48.3%; non-GAAP gross margin 49.3%. GAAP EPS $0.70 flat YoY.
- Record non-GAAP operating margin of 35.4% (up ~1100bps YoY); record non-GAAP EPS $1.45 vs $0.87.
- Free cash flow $731M; record LTM free cash flow margin of 21.0%.
- Q4 outlook: revenue $2.01B-$2.14B, non-GAAP diluted EPS $1.18-$1.34.

## SEC filing metadata
- accession: 0001193125-22-273174
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312522273174/0001193125-22-273174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312522273174/d388878d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-273174
- JSON: https://secwatch.observer/filing/0001193125-22-273174.json
- Plain text: https://secwatch.observer/filing/0001193125-22-273174.txt

## Key facts
- Earnings Releases
  ON SEMICONDUCTOR CORP reported fourth quarter of 2022 results: revenue Revenue $2,010 to $2,140 million, EPS Diluted Earnings Per Share $1.20 to $1.36. Guidance initiated.
  - Period: fourth quarter of 2022
  - Revenue: Revenue $2,010 to $2,140 million
  - EPS: Diluted Earnings Per Share $1.20 to $1.36
  - Guidance: initiated
  - Result: guidance update
  source text: The following table outlines onsemi’s projected fourth quarter of 2022 GAAP and non-GAAP outlook. Total onsemi GAAP Special Items ** Total onsemi Non-GAAP*** Revenue $2,010 to $2,140 million - $2,010 to $2,140 million Gross Margin 47.0% to 49.0% - 47.0% to 49.0% Operating Expenses $323 to $338 million $18 million $305 to $320 million Other Income and Expense (including interest expense), net ($18) to ($14) million ($40) million $22 to $26 million Diluted Earnings Per Share $1.20 to $1.36 $0.02 $1.18 to $1.34
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312522273174/0001193125-22-273174-index.htm
- Earnings Releases
  ON SEMICONDUCTOR CORP reported the third quarter ended September 30, 2022 results: revenue Record revenue of $2,192.6 million, net income Net Income attributable to ON Semiconductor $311.9, EPS GAAP diluted earnings per share of $0.70.
  - Period: the third quarter ended September 30, 2022
  - Revenue: Record revenue of $2,192.6 million
  - Net income: Net Income attributable to ON Semiconductor $311.9
  - EPS: GAAP diluted earnings per share of $0.70
  - Result: reported results
  source text: Results PHOENIX – Oct. 31, 2022 – onsemi (the “Company”) (Nasdaq: ON) today announced results for the third quarter of 2022 with the following highlights: • Record revenue of $2,192.6 million, an increase of 26 percent year-over-year • GAAP and non-GAAP gross margin of 48.3 percent and 49.3 percent, respectively • GAAP operating margin of 19.4 percent • Record
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312522273174/0001193125-22-273174-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.