earnings
confidence high
sentiment negative
materiality 0.85
ON Semiconductor Q2 revenue $1.735B (-17% YoY); EPS $0.78 GAAP; Q3 outlook $1.70-1.80B
ON SEMICONDUCTOR CORP
2024-Q2 EPS reported
$1.82
revenue$3,597,900,000
- Revenue $1,735.2M, down 7% QoQ and 17% YoY; GAAP EPS $0.78 (vs $1.29 YoY), non-GAAP EPS $0.96 (vs $1.33 YoY).
- Gross margin: GAAP 45.2%, non-GAAP 45.3%; operating margin: GAAP 22.4%, non-GAAP 27.5%.
- Segment revenue: PSG $835.2M (-15% YoY), AMG $647.8M (-18% YoY), ISG $252.2M (-22% YoY).
- Q3 2024 outlook: Revenue $1.70B-$1.80B, non-GAAP gross margin 44.4%-46.4%, non-GAAP EPS $0.91-$1.03.
- Free cash flow increase ~$250M YoY; returned ~$650M to shareholders via buybacks over LTM.