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Dec 31, 2021
ON Semiconductor Q4 2021 Earnings Report
ON Semiconductor achieved record annual and quarterly revenue, gross margin, profit, and cash flow.
Key Takeaways
ON Semiconductor reported record fourth-quarter revenue of $1,846.1 million and record GAAP and non-GAAP gross margins of 45.1% and 45.2%, respectively. The company's disciplined execution on transformation initiatives in 2021 resulted in record financial performance and achievement of financial targets ahead of the stated timeline.
Record fiscal year revenue of $6.74 billion representing 28.3 % year-over-year growth
Record quarterly revenue of $1,846.1 million, and record GAAP and non-GAAP gross margins of 45.1 % and 45.2 %, respectively
Record quarterly GAAP and non-GAAP operating margins of 26.0 % and 28.6 %, respectively
Fourth quarter GAAP and non-GAAP diluted earnings per share of $0.96 and $1.09, respectively
Forward Guidance
ON Semiconductor projects first-quarter 2022 revenue between $1.85 billion and $1.95 billion, with a GAAP gross margin between 45.5% and 47.5% and diluted earnings per share between $0.90 and $1.02.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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