secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001193125-23-265690
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000119312523265690/0001193125-23-265690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000119312523265690/d539978d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-265690

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