---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-128806"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:38:00.771965+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Onsemi Q1 revenue $1.96B (+1% YoY); auto revenue up 38% to record 50% of total

## Summary
- Revenue $1,959.7M (+1% YoY); GAAP EPS $1.03, non-GAAP EPS $1.19 (vs $1.22 YoY).
- Automotive revenue grew 38% YoY to record 50% of total; auto+industrial end-markets 79% (record).
- Silicon carbide revenue nearly doubled QoQ; ADAS and energy infrastructure revenue up ~50% YoY.
- Q2 guidance: revenue $1,975-$2,075M; GAAP EPS $1.08-$1.22; non-GAAP EPS $1.14-$1.28.
- Gross margin 46.8% GAAP and non-GAAP, down from 49.4% YoY; operating margin 28.8% GAAP, 32.2% non-GAAP.

## SEC filing metadata
- accession: 0001193125-23-128806
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312523128806/0001193125-23-128806-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312523128806/d461890d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-128806
- JSON: https://secwatch.observer/filing/0001193125-23-128806.json
- Plain text: https://secwatch.observer/filing/0001193125-23-128806.txt

## Key facts
- Earnings Releases
  ON SEMICONDUCTOR CORP reported second quarter of 2023 results: revenue $1,975 to $2,075 million, EPS $1.08 to $1.22. Guidance initiated.
  - Period: second quarter of 2023
  - Revenue: $1,975 to $2,075 million
  - EPS: $1.08 to $1.22
  - Guidance: initiated
  - Result: guidance update
  source text: Revenue $1,975 to $2,075 million - $1,975 to $2,075 million Gross Margin 45.4% to 47.4% 0.1% 45.5% to 47.5% Operating Expenses $314 to $329 million $17 million $297 to $312 million Other Income and Expense (including interest expense), net $3 to $5 million - $3 to $5 million Diluted Earnings Per Share $1.08 to $1.22 $0.06 $1.14 to $1.28 Diluted Shares Outstanding * 449 million 9 million 440 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312523128806/0001193125-23-128806-index.htm
- Earnings Releases
  ON SEMICONDUCTOR CORP reported the first quarter ended March 31, 2023 results: revenue $1,959.7 million, net income $461.7, EPS $1.03.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $1,959.7 million
  - Net income: $461.7
  - EPS: $1.03
  - Result: reported results
  source text: • Revenue of $1,959.7 million, an increase of 1 percent year-over-year • GAAP and non-GAAP gross margin of 46.8 percent • GAAP operating margin and non-GAAP operating margin of 28.8 percent and 32.2 percent respectively • GAAP diluted earnings per share of $1.03, Non-GAAP diluted earnings per share of $1.19 as compared to $1.22 in the quarter a year ago
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312523128806/0001193125-23-128806-index.htm

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