On Semiconductr Stock Price, News & Analysis

onsemi (Nasdaq: ON) has partnered with Arrow McLaren SP for the 2023 NTT INDYCAR SERIES, featuring Felix Rosenqvist's No. 6 Chevrolet. This collaboration emphasizes the use of onsemi's intelligent technologies in race car design for improved efficiency and safety. The partnership includes onsemi branding across multiple races, aligning with McLaren's focus on innovation and sustainability. CEO Hassane El-Khoury highlighted this initiative as a chance to enhance automotive safety and efficiency, leveraging racing technology for consumer markets.

onsemi reported record revenue of $2,192.6 million for Q3 2022, marking a 26% year-over-year increase. The company achieved a GAAP gross margin of 48.3% and a non-GAAP operating margin of 35.4%, an increase of 1,100 bps year-over-year. While GAAP diluted EPS remained steady at $0.70, non-GAAP diluted EPS rose to $1.45 from $0.87 a year ago. Free cash flow reached $731 million, with a 21.0% free cash flow margin. The company expects Q4 2022 revenue between $2,010 million and $2,140 million.

onsemi (Nasdaq: ON) has announced a collaboration with Israel-based Ride Vision to enhance motorcycle safety through advanced technology. This partnership introduces the Collision Aversion Technology™ (CAT), utilizing onsemi's AR0147AT sensors for real-time collision alerts. The system is designed for two- and three-wheeled vehicles and allows riders to customize alerts via a mobile app. This innovation addresses increasing motorcycle fatalities and aims to provide riders with safer road conditions.

onsemi (Nasdaq: ON) will announce its third-quarter financial results for the period ending September 30, 2022, before the market opens on October 31, 2022. A conference call is scheduled for 9 a.m. ET on October 31, allowing investors to discuss the results. Access will be available through a live webcast on the company’s website and via teleconference registration. onsemi focuses on automotive and industrial markets, driving innovation in areas like vehicle electrification and industrial automation.

onsemi has launched the APM32 series of silicon carbide (SiC) power modules for electric vehicles, designed to enhance onboard charging efficiency and performance. These modules are tailored for high-power onboard chargers (11-22kW) and feature low switching losses, improved thermal resistance, and high voltage isolation for 800V systems. The modules, capable of operating at 175°C, aim to increase charging speed and operating range for consumers. The series includes different configurations for onboard charging and power factor correction, adhering to stringent automotive standards.

onsemi (Nasdaq: ON) has inaugurated its expanded silicon carbide (SiC) fab in Roznov, Czech Republic, boosting wafer production capacity by 16 times within two years to meet growing microchip demand. The project will create 200 jobs by the end of 2024 and involves an investment of over $450 million, with more than $150 million already allocated. This expansion enhances onsemi's manufacturing efficiency and supply chain control for SiC solutions, crucial for electric vehicles and energy infrastructure, reinforcing the company's commitment to sustainable technology.

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.

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.