ON Semiconductor Q4 2020 Earnings Report
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
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