onsemi (ON) Tops Q4 EPS by 6c, Offers Guidance, Announces $3 Billion Share Repurchase Program
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
onsemi Exceeds Fourth Quarter Expectations and Announces $3 Billion Share Repurchase Program
February 6, 2023 8:00 AM ESTAchieved record annual revenue, gross margin, and free cash flow
PHOENIX--(BUSINESS WIRE)-- onsemi (the Company) (Nasdaq: ON) today announced its fourth quarter and fiscal year 2022 results with the following highlights:
Fourth quarter revenue of $2,103.6 million increased by 14% year-over-year Fourth quarter GAAP gross margin of 48.5% increased by 343 bps year-over-year and non-GAAP gross margin of 48.4% increased by 321 bps year-over-year Record fourth quarter automotive revenue of $989 million grew 54% year-over-year Fourth quarter GAAP and non-GAAP diluted earnings per share of $1.35 and $1.32, respectively Record fiscal year 2022... More