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Jun 28, 2024
ON Semiconductor Q2 2024 Earnings Report
onsemi's Q2 2024 financial performance was announced, showcasing revenue of $1,735.2 million and GAAP EPS of $0.78.
Key Takeaways
onsemi reported Q2 2024 results with revenue of $1,735.2 million and GAAP EPS of $0.78. The company's free cash flow increased by approximately $250 million year over year.
Revenue reached $1,735.2 million.
GAAP gross margin was 45.2%, and non-GAAP gross margin was 45.3%.
GAAP operating margin was 22.4%, and non-GAAP operating margin was 27.5%.
GAAP diluted earnings per share was $0.78, and non-GAAP diluted earnings per share was $0.96.
Forward Guidance
onsemi projects revenue between $1,700 to $1,800 million, GAAP gross margin between 44.3% to 46.3%, and GAAP diluted earnings per share between $0.85 to $0.97 for Q3 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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