earnings
confidence high
sentiment neutral
materiality 0.80
onsemi Q3 GAAP EPS $0.93, revenue $1.76B; Q4 guidance $1.71-1.81B
ON SEMICONDUCTOR CORP
2024-Q3 EPS reported
$2.75
revenue$5,359,800,000
- Q3 GAAP EPS $0.93, non-GAAP $0.99; revenue $1.76B, down 19% YoY but above expectations.
- GAAP gross margin 45.4%, operating margin 25.3%; free cash flow up 41% sequentially.
- Segment: PSG $829M (-23% YoY), AMG $654M (-16%), ISG $279M (-15%) but up 11% sequentially.
- Q4 outlook: revenue $1.71-1.81B, GAAP gross margin 43.9-45.9%, non-GAAP EPS $0.92-1.04.
- Returned 75% of trailing twelve-month free cash flow to shareholders via stock repurchases.