onsemi Reports Third Quarter 2024 Results
ON Semiconductor Corporation (ON)
Last on semiconductor corporation earnings: 2/3 06:00 am
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US:NASDAQ Investor Relations:
onsemi.com/powersolutions/content.do?id=1116
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Source: Business Wire
Revenue and earnings exceed expectations with free cash flow increasing 41% sequentially SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (the “Company”) (Nasdaq: ON) today announced results for the third quarter of 2024 with the following highlights:Revenue of $1,761.9 millionGAAP gross margin and non-GAAP gross margin of 45.4% and 45.5%, respectivelyGAAP operating margin and non-GAAP operating margin of 25.3% and 28.2%, respectivelyGAAP diluted earnings per share and non-GAAP diluted earnings per share of $0.93 and $0.99, respectivelyReturned 75% of free cash flow over the last 12 months to shareholders through stock repurchases“With third-quarter results above expectations, we remain focused on delivering consistent results in the current environment through execution and prudent financial management,” said Hassane El-Khoury, president and CEO, onsemi. “As power demands continue to rise across our key markets, and the need for greater efficiency becomes paramount, we are investing to
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News
- Onsemi (NASDAQ: ON) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $85.00 price target on the stock.MarketBeat
- Special Call [Seeking Alpha]Seeking Alpha
- ON Semiconductor Corporation (ON) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- ON Semiconductor (ON) Expands Partnerships with Key Suppliers [Yahoo! Finance]Yahoo! Finance
- Can ON Semiconductor's Expanding Clientele Push the Stock Higher? [Yahoo! Finance]Yahoo! Finance
ON
Earnings
- 10/28/24 - Beat
ON
Sec Filings
- 11/12/24 - Form SC
- 10/28/24 - Form 10-Q
- 10/28/24 - Form 8-K
- ON's page on the SEC website