8-K
filed February 5, 2024, 6:59 PM ET
ticker ON
CIK 0001097864
earnings
confidence high
sentiment negative
materiality 0.85
onsemi Q4 revenue $2.02B, EPS $1.28; Q1 guidance $1.8-1.9B rev
ON SEMICONDUCTOR CORP
2023-FY EPS reported
$4.89
revenue$8,253,000,000
- Q4 revenue $2,018.1M; GAAP gross margin 46.7%, operating margin 30.3%, GAAP diluted EPS $1.28; non-GAAP $1.25.
- Full year 2023 automotive revenue record $4.3B (+29% YoY); silicon carbide revenue 4x YoY.
- FY 2023 share repurchases $564M, representing 140% of free cash flow.
- Q1 2024 guidance: revenue $1.8-1.9B, GAAP gross margin 44.4-46.4%, GAAP diluted EPS $0.94-1.06.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ON SEMICONDUCTOR CORP reported the fourth quarter ended December 31, 2023 results: revenue $2,018.1 million, EPS $1.28.
- Period
- the fourth quarter ended December 31, 2023
- Revenue
- $2,018.1 million
- EPS
- $1.28
- Result
- reported results
Exact text from the filing
• Fourth quarter revenue of $2,018.1 million • Fourth quarter GAAP and non-GAAP gross margin of 46.7% • GAAP operating margin and non-GAAP operating margin of 30.3% and 31.6%, respectively • GAAP diluted earnings per share and non-GAAP diluted earnings per share of $1.28 and $1.25, respectively
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ON SEMICONDUCTOR CORP reported the first quarter of 2024 results: revenue $1,800 to $1,900 million, EPS $0.94 to $1.06. Guidance initiated.
- Period
- the first quarter of 2024
- Revenue
- $1,800 to $1,900 million
- EPS
- $0.94 to $1.06
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Revenue $1,800 to $1,900 million — $1,800 to $1,900 million Gross Margin 44.4% to 46.4% 0.1% 44.5% to 46.5% Operating Expenses $320 to $335 million $15 million $305 to $320 million Other Income and Expense (including interest expense), net ($8 million) — ($8 million) Diluted Earnings Per Share $0.94 to $1.06 $0.04 $0.98 to $1.10
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ON SEMICONDUCTOR CORP reported the fiscal year ended December 31, 2023 results: revenue $8,253.0, EPS $4.89.
- Period
- the fiscal year ended December 31, 2023
- Revenue
- $8,253.0
- EPS
- $4.89
- Result
- reported results
Exact text from the filing
Revenue $8,253.0 $8,326.2 $8,253.0 $8,326.2 Gross Margin 47.1 % 49.0 % 47.1 % 49.2 % Operating Margin 30.8 % 28.3 % 32.3 % 34.5 % Net Income attributable to onsemi $2,183.7 $1,902.2 $2,256.2 $2,347.7 Diluted Earnings Per Share $4.89 $4.25 $5.16 $5.33
View on SEC.gov
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