ON Semiconductor Q3 2020 Earnings Report
Key Takeaways
ON Semiconductor reported third-quarter 2020 revenue of $1,317.3 million, a decrease of approximately 5% compared to the third quarter of 2019. GAAP diluted earnings per share were $0.38, and non-GAAP diluted earnings per share were $0.27. The company's margins in the third quarter expanded significantly quarter over quarter due to normalization of operations following the initial impact of the COVID-19 pandemic and growth in revenue.
Revenue of $1,317.3 million
GAAP and non-GAAP gross margin of 33.5 percent
GAAP operating margin of 9.0 percent and non-GAAP operating margin of 12.0 percent
GAAP diluted earnings per share of $0.38 and non-GAAP diluted earnings per share of $0.27
ON Semiconductor
ON Semiconductor
Forward Guidance
The Company anticipates 2020 fourth quarter revenue to be approximately $1,300 million to $1,400 million. GAAP and non-GAAP gross margin for the fourth quarter of 2020 is expected to be between 32.9 percent and 34.9 percent.