secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001193125-24-186735
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000119312524186735/0001193125-24-186735-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000119312524186735/d858048d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-186735

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