onsemi Q3 beats expectations; record automotive revenue up 33% YoY

ON SEMICONDUCTOR CORP

2023-Q3 EPS reported $3.61 revenue$6,234,900,000

Revenue $2,180.8M; GAAP EPS $1.29, non-GAAP EPS $1.39; gross margin 47.3%.
Record automotive revenue $1.2B (+33% YoY); industrial revenue $616M (slight YoY increase).
PSG segment $1,230.6M (+10% sequential); ASG $621.6M (-4% sequential); ISG $328.6M (+1% seq).
Q4 outlook: revenue $1,950-2,050M, non-GAAP EPS $1.13-1.27; GAAP gross margin 45.4%-47.4%.
Completed expansion of world's largest SiC fab in South Korea for 150/200mm wafers.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ON SEMICONDUCTOR CORP reported third quarter ended September 29, 2023 results: revenue $2,180.8 million, net income $582.7 million, EPS $1.29.

Period: third quarter ended September 29, 2023
Revenue: $2,180.8 million
Net income: $582.7 million
EPS: $1.29
Result: reported results

Exact text from the filing

markets SCOTTSDALE, Ariz, – Oct 30, 2023 – onsemi (the “Company”) (Nasdaq: ON) today announced results for the third quarter of 2023 with the following highlights: • Revenue of $2,180.8 million; GAAP and non-GAAP gross margin of 47.3 percent • GAAP operating margin and non-GAAP operating margin of 31.5 percent and 32.6 percent, respectively • GAAP diluted earnings per

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Source: SEC EDGAR

accession 0001193125-23-265690

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