8-K
filed February 6, 2023, 6:59 PM ET
ticker ON
CIK 0001097864
earnings
confidence high
sentiment positive
materiality 0.85
onsemi Q4 revenue $2.1B (+14% YoY), EPS beats; announces $3B buyback
ON SEMICONDUCTOR CORP
2022-FY EPS reported
$4.25
revenue$8,326,200,000
- Q4 revenue $2,103.6M (+14% YoY); GAAP EPS $1.35, non-GAAP $1.32; record automotive $989M (+54% YoY).
- FY2022 revenue $8,326.2M (+24% YoY); GAAP gross margin 49.0%, non-GAAP 49.2%; free cash flow 20% of revenue.
- Board authorizes new $3B share repurchase program through Dec 2025; replaces prior $1.5B program.
- Q1 2023 outlook: revenue $1.87-1.97B, non-GAAP EPS $1.02-1.14.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ON SEMICONDUCTOR CORP reported fiscal year 2022 results: revenue $8,326.2, net income $1,902.2, EPS $4.24.
- Period
- fiscal year 2022
- Revenue
- $8,326.2
- Net income
- $1,902.2
- EPS
- $4.24
- Result
- reported results
Exact text from the filing
Selected financial results for 2022 and 2021 are shown below: GAAP Non-GAAP Year Ended Year Ended (Revenue and Net Income in millions) December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Revenue $8,326.2 $6,739.8 $8,326.2 $6,739.8 Gross Margin 49.0 % 40.3 % 49.2 % 40.4 % Operating Margin 28.3 % 19.1 % 34.5 % 21.9 % Net Income attributable to onsemi $1,902.2 $1,009.6 $2,347.7 $1,285.5 Diluted Earnings Per Share $4.24 $2.27 $5.33 $2.95
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ON SEMICONDUCTOR CORP reported the fourth quarter ended December 31, 2022 results: revenue $2,103.6 million, net income $604.3, EPS $1.35.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $2,103.6 million
- Net income
- $604.3
- EPS
- $1.35
- Result
- reported results
Exact text from the filing
– Feb. 6, 2023 – onsemi (the “Company”) (Nasdaq: ON) today announced its fourth quarter and fiscal year 2022 results with the following highlights: • Fourth quarter revenue of $2,103.6 million increased by 14% year-over-year • Fourth quarter GAAP gross margin of 48.5% increased by 343 bps year-over-year and non-GAAP gross margin of 48.4% increased by 321 bps
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ON SEMICONDUCTOR CORP reported first quarter of 2023 results: revenue $1,870 to $1,970 million, EPS $0.99 to $1.11. Guidance initiated.
- Period
- first quarter of 2023
- Revenue
- $1,870 to $1,970 million
- EPS
- $0.99 to $1.11
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Revenue $1,870 to $1,970 million $1,870 to $1,970 million Gross Margin 45.6% to 47.6% 0.1% 45.7% to 47.7% Operating Expenses $316 to $331 million $18 million $298 to $313 million Other Income and Expense (including interest expense), net $21 to $25 million - $21 to $25 million Diluted Earnings Per Share $0.99 to $1.11 $0.03 $1.02 to $1.14
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.