ON Semiconductor Q1 2021 Earnings Report
Key Takeaways
ON Semiconductor reported strong first-quarter results with revenue of $1,481.7 million, a 16% increase year-over-year. GAAP diluted earnings per share were $0.20, and non-GAAP diluted earnings per share were $0.35. The company's gross margin initiatives are showing early results, with gross margin expanding by 80 basis points quarter-over-quarter.
Revenue increased 16 percent year-over-year.
GAAP diluted earnings per share was $0.20, compared to $(0.03) in the prior year quarter.
Non-GAAP diluted earnings per share was $0.35, compared to $0.10 in the prior year quarter.
Free cash flow was $141.5 million, compared to $33.7 million in the prior year quarter.
ON Semiconductor
ON Semiconductor
Forward Guidance
ON Semiconductor's projected second quarter of 2021 includes revenue between $1,570 to $1,670 million and diluted earnings per share between $0.29 to $0.38.