---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-024908"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-19T23:46:47.984408+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# onsemi Q4 revenue $2.1B (+14% YoY), EPS beats; announces $3B buyback

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-024908
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2023-02-06T23:59:59+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/1097864/000119312523024908/0001193125-23-024908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312523024908/d406586d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-024908
- JSON: https://secwatch.observer/filing/0001193125-23-024908.json
- Plain text: https://secwatch.observer/filing/0001193125-23-024908.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312523024908/0001193125-23-024908-index.htm
- Earnings Releases
  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
  source text: – 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312523024908/0001193125-23-024908-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312523024908/0001193125-23-024908-index.htm

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