secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001193125-24-244677
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

onsemi Q3 GAAP EPS $0.93, revenue $1.76B; Q4 guidance $1.71-1.81B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000119312524244677/0001193125-24-244677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000119312524244677/d901571d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-244677

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