ON Semiconductor Corp

ON

Equity

ISIN US6821891057 / Valor 1117846

NASDAQ (2024-11-08)

USD 70.41-2.28%

ON Semiconductor Corp
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About company

ON Semiconductor Corp is a prominent semiconductor manufacturer offering a wide range of products, including advanced MOSFETs, Image Sensors, and Silicon Carbide technology. With a global supply chain and over 80,000 different parts, the company caters to tens of thousands of customers across various markets, providing them with intelligent power and sensing technologies to drive innovation and shape the future.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

ON Semiconductor Corp reported revenue of $1,735.2 million for the second quarter of 2024. This represents a decrease from the $1,862.7 million reported in the first quarter of 2024 and a significant drop from the $2,094.4 million reported in the second quarter of 2023.

Gross Margin

For the second quarter of 2024, ON Semiconductor Corp achieved a GAAP gross margin of 45.2% and a non-GAAP gross margin of 45.3%. These figures are slightly lower compared to the first quarter of 2024, which had a GAAP gross margin of 45.8% and a non-GAAP gross margin of 45.9%.

Operating Margin

ON Semiconductor Corp's GAAP operating margin for the second quarter of 2024 was 22.4%, while the non-GAAP operating margin stood at 27.5%. Both metrics showed a decline from the first quarter of 2024, where the GAAP operating margin was 28.2% and the non-GAAP operating margin was 29.0%.

Earnings Per Share

In the second quarter of 2024, ON Semiconductor Corp reported GAAP diluted earnings per share of $0.78 and non-GAAP diluted earnings per share of $0.96. This is a decrease from the first quarter of 2024, which had GAAP diluted earnings per share of $1.04 and non-GAAP diluted earnings per share of $1.08.

Third Quarter 2024 Outlook

ON Semiconductor Corp has projected its revenue for the third quarter of 2024 to be in the range of $1,700 to $1,800 million. The company also expects its GAAP gross margin to be between 44.3% and 46.3%, and its non-GAAP gross margin to be between 44.4% and 46.4%.

Summarized from source with an LLMView Source

Key figures

6.28%1Y

19.9%3Y

226%5Y

Performance

46.3%1Y

52.3%3Y

56.9%5Y

Volatility