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Dec 31, 2020
ON Semiconductor Q4 2020 Earnings Report
ON Semiconductor reported a 3% increase in revenue and improved earnings per share compared to the same quarter last year.
Key Takeaways
ON Semiconductor reported Q4 revenue of $1,446.3 million, a 3% increase year-over-year. GAAP diluted earnings per share were $0.21, up from $0.14 in the prior year, and non-GAAP diluted earnings per share were $0.35, compared to $0.30 in the previous year. The company saw strong improvement in business trends due to a broad-based improvement in the global macroeconomic environment and a steep recovery in the automotive end-market.
Fourth Quarter revenue of $1,446.3 million, up three percent year-over-year
Fourth Quarter GAAP diluted earnings per share of $0.21 as compared to $0.14 in the quarter a year ago
Fourth Quarter Non-GAAP diluted earnings per share of $0.35, as compared to $0.30 in the quarter a year ago
Record automotive revenue of $491 million in the fourth quarter
ON Semiconductor
ON Semiconductor
ON Semiconductor Revenue by Segment
Revenue by Segment
Automotive Revenue
CapyFin.com Forward Guidance
The Company anticipates that first quarter of 2021 revenue will be approximately $1,410 to $1,510 million. GAAP and non-GAAP gross margin for first quarter 2021 is expected to be between 34.1 percent and 36.1 percent.
Positive Outlook
- Revenue expected to be between $1,410 million and $1,510 million
- Gross margin expected to be between 34.1% and 36.1%
- Anticipated stock-based compensation expense of approximately $15 to $17 million
- Net cash paid for income taxes is expected to be $18 to $24 million