secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001193125-23-198583
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000119312523198583/0001193125-23-198583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000119312523198583/d473828d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-198583

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