ON Semiconductor (ON) Surges on Strong Q2 Results and Q3 Outlook
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ON Semiconductor Reports Record Revenue and Non-GAAP Earnings per Share for Second Quarter 2021
August 2, 2021 8:00 AM EDTPHOENIX--(BUSINESS WIRE)-- ON Semiconductor Corporation (Nasdaq: ON) today announced results for the second quarter of 2021 with the following highlights:
Record revenue of $1,669.9 million, an increase of 38 percent year-over-year GAAP diluted earnings per share of $0.42 as compared to $0.00 in the quarter a year ago Record non-GAAP diluted earnings per share of $0.63 as compared to $0.12 in the quarter a year ago GAAP gross margin of 38.3 percent increased 310 basis points quarter-over-quarter and 750 basis points year-over-year Non-GAAP gross margin of 38.4 percent increased 320 basis points quarter-over-quarter and 760 basis points... More