---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-186735"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:38:06.286079+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ON Semiconductor Q2 revenue $1.735B (-17% YoY); EPS $0.78 GAAP; Q3 outlook $1.70-1.80B

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-186735
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312524186735/0001193125-24-186735-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312524186735/d858048d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-186735
- JSON: https://secwatch.observer/filing/0001193125-24-186735.json
- Plain text: https://secwatch.observer/filing/0001193125-24-186735.txt

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