secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001193125-23-128806
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000119312523128806/0001193125-23-128806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000119312523128806/d461890d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-128806

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