On Semiconductr Stock Price, News & Analysis

onsemi reported record annual and quarterly financial results for 2021, with revenue reaching $6.74 billion, a 28.3% year-over-year increase. The fourth quarter saw revenue of $1,846.1 million and GAAP gross margin of 45.1%. Operating income surged six times faster than revenue growth due to a focus on strategic markets like electric vehicles and industrial automation. Free cash flow increased 167% year-over-year, totaling $457.0 million in Q4. The positive outlook for 2022 anticipates revenue between $1.85 billion and $1.95 billion.

onsemi (Nasdaq: ON) will announce its fourth-quarter financial results for the period ending Dec. 31, 2021 on Feb. 7, 2022. The announcement will be made before market opening, followed by a conference call at 9 a.m. EST. Investors can participate via webcast or teleconference. For the teleconference, participants must dial (888) 414-4458 or (646) 960-0166 and provide Conference ID Number 8631312. onsemi focuses on automotive and industrial markets, driving technological advancements in vehicle electrification, sustainable energy, and more.

emotion3D and onsemi have announced a joint reference design for a driver and occupant monitoring system (DOMS) utilizing a single camera, enhancing safety and user experience in vehicles. This innovative solution leverages emotion3D's CABIN EYE AI software and onsemi's AR0820AT image sensor, replacing traditional driver monitoring systems. It meets Euro NCAP and General Safety Regulation standards, promising improved in-cabin analysis across diverse lighting conditions. The system will be showcased at CES in Las Vegas from January 5-7.

On November 4, 2021, SensiML Corporation announced a collaboration with onsemi to provide a comprehensive machine learning solution for autonomous sensor data processing. This partnership combines SensiML's Analytics Toolkit with onsemi's RSL10 Sensor Development Kit, enabling efficient edge sensing for industrial applications.

The platform allows developers to implement predictive algorithms with minimal latency, enhancing operational efficiency and safety in critical processes by reducing reliance on cloud analytics.

ON Semiconductor Corporation (Nasdaq: ON) reported a record revenue of $1,742.1 million for Q3 2021, reflecting a 32% year-over-year increase. The GAAP diluted earnings per share rose to $0.70, up from $0.38, while non-GAAP EPS reached $0.87, compared to $0.27 last year. Margins improved significantly, with GAAP gross margin at 41.4% and operating margin at 22.9%. Free cash flow stood at $355.7 million, highlighting strong operational performance and a robust outlook for Q4 2021, projecting revenue between $1,740 to $1,840 million.

onsemi has successfully completed its acquisition of GT Advanced Technologies, enhancing its silicon carbide (SiC) capabilities. This strategic move aims to meet customer demand for SiC solutions, vital for electric vehicles and energy infrastructure. The acquisition will enable onsemi to provide end-to-end power solutions and assure customers of a steady supply of critical components. Additionally, onsemi plans to invest in expanding GTAT's manufacturing and R&D efforts to bolster the SiC supply chain, reinforcing its commitment to sustainable, high-growth technologies.

onsemi (NASDAQ: ON) will announce its financial results for Q3 2021 on November 1, 2021, before market open. A conference call will be held at 9 a.m. EDT on the same day, accessible via webcast on the company's website or through teleconference. The call will provide insights into the company's performance in key areas including vehicle electrification and industrial automation. Investors can expect a detailed discussion of financial metrics and future outlook following the earnings release.

The AR0821CS, a new 8.3 MP CMOS digital image sensor from onsemi, is now available and integrated into Basler's dart camera module family. This sensor boasts advanced features, delivering 4K video at 60 fps with embedded High Dynamic Range technology, achieving a dynamic range over 140 dB. Designed for diverse applications including machine vision and security systems, it excels in challenging lighting conditions. The AR0821CS is supported by a robust development ecosystem and is showcased at the VISION trade fair in Germany from October 5-7.

onsemi has introduced a groundbreaking asset tracking solution featuring the RSL10 Asset Tag, which boasts an industry-leading battery life of up to five years. This innovation is crucial for industrial sectors aiming to reduce maintenance costs associated with asset management. The RSL10 leverages low power consumption and integrates advanced features like a 3-axis accelerometer and environmental sensors. The tags are part of a larger collaboration with Blyott and Tatwah to enhance healthcare equipment tracking, meeting strict sterilization requirements.