---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-265690"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T05:36:33.499346+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-265690
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312523265690/0001193125-23-265690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312523265690/d539978d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-265690
- JSON: https://secwatch.observer/filing/0001193125-23-265690.json
- Plain text: https://secwatch.observer/filing/0001193125-23-265690.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312523265690/0001193125-23-265690-index.htm

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