Onsemi (ON) to cut 900 jobs as slowing EV demand hints at sluggish 4Q
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onsemi Third Quarter 2023 Results Exceed Expectations
October 30, 2023 8:00 AM EDTAchieves record revenue in automotive and industrial end markets
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- onsemi (the Company) (Nasdaq: ON) today announced results for the third quarter of 2023 with the following highlights:
Revenue of $2,180.8 million; GAAP and non-GAAP gross margin of 47.3% GAAP operating margin and non-GAAP operating margin of 31.5% and 32.6%, respectively GAAP diluted earnings per share and non-GAAP diluted earnings per share of... More