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Jul 02, 2021
ON Semiconductor Q2 2021 Earnings Report
Reported record revenue and non-GAAP earnings per share.
Key Takeaways
ON Semiconductor reported record revenue of $1,669.9 million, a 38% increase year-over-year, and GAAP diluted earnings per share of $0.42. The company's non-GAAP diluted earnings per share was a record $0.63, and gross margin increased to 38.3 percent.
Record revenue of $1,669.9 million, an increase of 38 percent year-over-year
GAAP diluted earnings per share of $0.42 as compared to $0.00 in the quarter a year ago
Record non-GAAP diluted earnings per share of $0.63 as compared to $0.12 in the quarter a year ago
GAAP gross margin of 38.3 percent increased 310 basis points quarter-over-quarter and 750 basis points year-over-year
Forward Guidance
ON Semiconductor's projected third quarter of 2021 GAAP revenue is expected to be $1,660 to $1,760 million, with a gross margin of 38.8% to 40.9% and diluted earnings per share of $0.53 to $0.63. The non-GAAP revenue is projected to be $1,660 to $1,760 million, with a gross margin of 39.0% to 41.0% and diluted earnings per share of $0.68 to $0.80.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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