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On Semiconductor (ON) provides energy-efficient semiconductor solutions powering innovations across automotive, industrial, and emerging technologies. This news hub offers investors and industry professionals centralized access to official announcements and market developments.
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Discover updates on ON's hybrid manufacturing strategy, supply chain initiatives, and advancements in energy-efficient semiconductor design. Content spans regulatory filings, executive commentary, and technology breakthroughs relevant to automotive electrification and smart manufacturing trends.
Bookmark this page for ongoing insights into ON's role in enabling sustainable technologies through semiconductor innovation. Verify time-sensitive details directly with company filings and official channels.
ON Semiconductor reported a record revenue of $1,669.9 million for Q2 2021, a 38% increase year-over-year. GAAP diluted EPS rose to $0.42, up from $0.00 in the same quarter last year. Non-GAAP diluted EPS increased to $0.63 compared to $0.12 a year ago. Gross margin improved 310 basis points quarter-over-quarter to 38.3%. The company anticipates strong demand in the automotive and industrial sectors, projecting Q3 2021 revenue between $1,660 and $1,760 million.
ON Semiconductor has launched the XGS 16000, a 16 Megapixel CMOS image sensor designed for factory automation including robotics and inspection systems. Operating at just 1 Watt and 65 frames per second, it is recognized for its low power consumption and high performance. The sensor's global shutter technology eliminates motion blur and distortion common in rolling shutter systems, enhancing image quality in critical applications. This new sensor is compatible with standard 29 mm2 camera formats, allowing for versatile camera designs.
ON Semiconductor Corporation (Nasdaq: ON) is set to announce its financial results for Q2 2021, ending July 2, before market opening on August 2, 2021. Following the announcement, a conference call will be hosted at 9 a.m. EDT, where investors can join via a webcast on the company’s website or through a teleconference. The earnings report will provide insights into ON's performance, highlighting its advancements in energy-efficient electronic solutions across various sectors, including automotive and IoT.
ON Semiconductor (NASDAQ: ON) is set to host its Financial Analyst Day on August 5, 2021, in New York City. The event will delve into the company’s strategy, technology advancements, and financial projections.
Institutional investors interested in attending can request an invitation via AnalystDay2021@onsemi.com. The event will be available via a real-time webcast on the Investors page of ON Semiconductor's website, with a replay accessible for 30 days post-event.
ON Semiconductor (Nasdaq: ON) announced that its imaging and LiDAR technologies are integral to AutoX’s Gen5 self-driving platform, showcased at the World Artificial Intelligence Conference. This technology enables fully driverless RoboTaxis aimed at increasing access to autonomous transport. The partnership highlights ON's AR0820AT 8 MP image sensors and SiPM arrays for LiDAR, crucial for urban navigation and safety. AutoX, a leader in Level 4 autonomous driving in China, has secured licenses for RoboTaxis in major cities and California, indicating ongoing advancements in the automated transport sector.
ON Semiconductor Corporation (Nasdaq: ON) has priced a private offering of $700 million in 0% Convertible Senior Notes due 2027, at a premium of approximately 42.5% over the recent stock price. The offering, which may increase to $805 million with an over-allotment option, is expected to close on May 14, 2021. Proceeds will be used for various purposes including repurchasing existing convertible notes, refinancing debt, and general corporate purposes. Notably, the initial conversion price is set at about $52.97 per share. The offering aims to mitigate potential dilution through hedge agreements.
ON Semiconductor plans to offer $700 million in 0% Convertible Senior Notes due 2027, potentially increasing to $805 million if initial purchasers exercise their option. The notes are senior unsecured obligations and will have no regular interest. Proceeds will cover costs related to note hedge transactions, repurchase existing convertible notes, repay credit facility debts, and general corporate purposes. Potential dilution to common stock is anticipated due to these transactions. The offering is not registered under the Securities Act, emphasizing its exclusive nature.
ON Semiconductor Corporation reported a strong first quarter of 2021 with revenue reaching $1,481.7 million, a 16% increase year-over-year. The company achieved a GAAP diluted EPS of $0.20, compared to a loss of $(0.03) a year prior. Non-GAAP diluted EPS improved to $0.35 from $0.10. Gross margin rose to 35.2%, an increase of 370 basis points year-over-year. Automotive revenue peaked at $515 million, up 5% sequentially. The outlook for Q2 2021 suggests estimated revenue between $1,570 million and $1,670 million.
ON Semiconductor Corporation (Nasdaq: ON) will announce its Q1 2021 financial results on May 3, 2021, before the market opens. A conference call will follow at 9 a.m. EDT, accessible via a webcast or teleconference. Investors can join the call using the provided numbers and Conference ID 5398970. The company focuses on energy-efficient electronics and seeks to be the supplier of choice for various technological applications.
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