secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001193125-23-024908
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000119312523024908/0001193125-23-024908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000119312523024908/d406586d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-024908

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer