onsemi Q2 revenue flat YoY at $2.09B; EPS beat; automotive revenue record $1B+ up 35%

ON SEMICONDUCTOR CORP

2023-Q2 EPS reported $2.32 revenue$4,054,100,000

Q2 revenue $2,094M (flat YoY); GAAP EPS $1.29, non-GAAP $1.33; both ahead of guidance.
Automotive revenue exceeded $1B, up 35% YoY; Industrial revenue $609M, up 5% QoQ.
SiC revenue grew nearly 4x YoY, driven by electrification and renewable energy demand.
Q3 non-GAAP EPS guidance $1.27-$1.41, revenue $2,095-$2,195M.
GAAP gross margin 47.4% (down from 49.7% YoY) but non-GAAP operating margin 32.8%.

item 2.02 item 9.01

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 the second quarter ended June 30, 2023 results: revenue $2,094.4 million, net income $576.6, EPS $1.29.

Period: the second quarter ended June 30, 2023
Revenue: $2,094.4 million
Net income: $576.6
EPS: $1.29
Result: reported results

Exact text from the filing

SCOTTSDALE, Ariz, – July 31, 2023 – onsemi (the “Company”) (Nasdaq: ON) today announced results for the second quarter of 2023 with the following highlights: • Revenue of $2,094.4 million, flat year-over-year • GAAP and non-GAAP gross margin of 47.4 percent • GAAP operating margin and non-GAAP operating margin of 32.2 percent and 32.8 percent respectively • GAAP

View on SEC.gov

171 earnings releases filed in the last 30 days. Browse all earnings releases →

ON SEMICONDUCTOR CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-198583

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.