ON Semiconductor Q4 2023 Earnings Report
Key Takeaways
ON Semiconductor reported fourth-quarter revenue of $2.018 billion and GAAP earnings per share of $1.28. The company's GAAP operating margin was 30.3%, and non-GAAP operating margin was 31.6%.
Fourth quarter revenue was $2,018.1 million
GAAP and non-GAAP gross margin was 46.7%
GAAP operating margin was 30.3% and non-GAAP operating margin was 31.6%
GAAP diluted earnings per share was $1.28 and non-GAAP diluted earnings per share was $1.25
ON Semiconductor
ON Semiconductor
Forward Guidance
The following table outlines onsemi’s projected first quarter of 2024 GAAP and non-GAAP outlook. Revenue $1,800 to $1,900 million Gross Margin 44.4% to 46.4% Operating Expenses $320 to $335 million Other Income and Expense (including interest expense), net ($8 million) Diluted Earnings Per Share $0.94 to $1.06