onsemi (ON) Tops Q2 EPS by 9c
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onsemi Reports Record Second Quarter 2022 Results – Quarterly Revenue Exceeds $2B for the First Time
August 1, 2022 8:00 AM EDTPHOENIX--(BUSINESS WIRE)-- onsemi (the Company) (Nasdaq: ON) today announced results for the second quarter of 2022 with the following highlights:
Record revenue of $2,085.0 million, an increase of 25% year-over-year Record GAAP and non-GAAP gross margin of 49.7% GAAP operating margin of 28.0% increased 1,110 basis points year-over-year Record non-GAAP operating margin of 34.5% increased 1,490 basis points year-over-year GAAP diluted earnings per share of $1.02 as compared to $0.42 in the quarter a year ago Non-GAAP diluted earnings per share more than doubled year-over-year to $1.34 from $0.63 on 25% increase in... More