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ON Semiconductor Corp. reports developments tied to onsemi's intelligent power and sensing technologies for automotive, industrial and AI data center end markets. Recurring updates include earnings releases, margin and cash-flow commentary, share repurchases, capital-structure actions, and strategy presentations.
Company news also covers design wins and customer collaborations involving EliteSiC power technology, FS7 insulated-gate bipolar transistor products, hybrid power integrated modules, electric-vehicle platforms, renewable energy systems, solar inverters and energy storage applications.
onsemi has announced a partnership with ARRI to develop a customized high-end CMOS sensor for the new ALEXA 35 camera, featuring a resolution of 4608x3164 pixels and capable of 120 frames per second. This collaboration highlights onsemi's strengths in sensor technology, specifically in high dynamic range imaging, enhancing color experience and image quality for cinematography.
With over 22 years of collaboration, this partnership underscores onsemi's commitment to the film industry and its innovative solutions, contributing to significant cinematic projects.
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onsemi (Nasdaq: ON) reported record Q2 2022 revenue of $2,085 million, up 25% year-over-year. The company achieved a GAAP gross margin of 49.7% and a non-GAAP operating margin of 34.5%. Diluted earnings per share (EPS) reached $1.02, compared to $0.42 in Q2 2021, while non-GAAP EPS more than doubled to $1.34. The third-quarter outlook projects revenue between $2,070 and $2,170 million, with a diluted EPS forecast of $1.23 to $1.35. CEO Hassane El-Khoury highlighted the firm’s resilience amid market dynamics and its strong position in vehicle electrification and automation.
onsemi (Nasdaq: ON) will announce its Q2 financial results on August 1, 2022, prior to market opening. A conference call will be held at 9 a.m. ET on the same day, accessible via a live webcast through the Investor Relations section on their website. A replay of the call will be available for 30 days post-broadcast. onsemi focuses on automotive and industrial sectors, advancing trends in vehicle electrification, sustainable energy, and industrial automation. The company is part of the Fortune 500 and S&P 500 indices.
onsemi (Nasdaq: ON) has announced that NIO Inc. will utilize its latest VE-Trac™ Direct silicon carbide (SiC) power modules for next-generation electric vehicles. This collaboration aims to enhance vehicle range, efficiency, and acceleration, marking a significant step in SiC technology commercialization. The VE-Trac module features advanced performance metrics with a low turn-on resistance of 1.7 mohm, facilitating improved torque and power output. This partnership underscores onsemi's commitment to supporting the electric vehicle market.
onsemi reported a record revenue of $1,945.0 million for Q1 2022, a 31% increase year-over-year. The GAAP diluted earnings per share hit $1.18, up from $0.20 in Q1 2021, while non-GAAP EPS rose to $1.22 from $0.35. The gross margin reached a record 49.4%, an increase of 1,420 basis points year-over-year. The company projects Q2 2022 revenue between $1,965 million and $2,065 million, with expected diluted EPS of $1.13 to $1.25. The automotive and industrial sectors now account for 65% of the revenue, showcasing a strong growth trajectory.
onsemi (Nasdaq: ON) will announce its first quarter financial results on May 2, 2022, prior to market opening. A conference call will be held at 9 a.m. ET on the same day for investors and interested parties. Participants can access the call via a live webcast on the company's Investor Relations website or through a teleconference by dialing the specified numbers. The re-broadcast of the call will be available about an hour after the live event and will remain accessible for 30 days.
onsemi (Nasdaq: ON) has been named one of the World’s Most Ethical Companies in 2022 by Ethisphere, marking its seventh consecutive year on this prestigious list. The selection highlights onsemi's commitment to ethics, governance, and corporate responsibility, with the company recognized in a field of 136 honorees across 22 countries and 45 industries. Additionally, onsemi's efforts in environmental, social, and governance (ESG) practices have earned it spots on various sustainability lists, including Barron’s 100 Most Sustainable Companies and Corporate Knights’ Clean200.
onsemi has finalized the sale of its wafer fabrication facilities in location value="LU/us.me.souand"South Portland, Maine and location value="LC/be"Belgium. The Maine fab was sold to Diodes Incorporated, which aims to enhance its 200mm wafer fab capacity. The Belgium sale to BelGaN Group BV will position them as a key player in gallium nitride foundry services. These divestitures are part of onsemi's strategy to optimize its manufacturing network, reduce costs, and ensure long-term supply for customers, while maintaining employment opportunities for affected staff.
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.