---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-198583"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T21:46:08.247107+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001193125-23-198583
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312523198583/0001193125-23-198583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312523198583/d473828d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-198583
- JSON: https://secwatch.observer/filing/0001193125-23-198583.json
- Plain text: https://secwatch.observer/filing/0001193125-23-198583.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312523198583/0001193125-23-198583-index.htm

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