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AI English summary of an SEC filing — figures as filed

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The company said revenue for Q4 2023 was $2,018.1 million, lower than $2,180.8 million in the previous quarter and $2,103.6 million a year earlier. GAAP gross margin was 46.7%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for Q4 2023 was $2,018.1 million, lower than $2,180.8 million in the previous quarter and $2,103.6 million a year earlier. GAAP gross margin was 46.7%.

  2. The company said full-year 2023 revenue was $8,253.0 million, down 1% from $8,326.2 million a year earlier. Net income attributable to onsemi on a GAAP basis was $2,183.7 million, and diluted earnings per share were $4.89.

  3. Onsemi gave revenue guidance for Q1 2024 of $1,800 to $1,900 million, the company said. It also said share repurchases for full-year 2023 totaled $564 million, or 140% of free cash flow.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Q4 2023 Revenue and Gross Margin

The company said revenue for Q4 2023 was $2,018.1 million, lower than $2,180.8 million in the previous quarter and $2,103.6 million a year earlier. GAAP gross margin was 46.7%.

Source · Based on the filing body and exhibits

2023 Full-Year Results and Net Income

The company said full-year 2023 revenue was $8,253.0 million, down 1% from $8,326.2 million a year earlier. Net income attributable to onsemi on a GAAP basis was $2,183.7 million, and diluted earnings per share were $4.89.

Source · Based on the filing body and exhibits

Q1 2024 Outlook and 2023 Share Repurchases

Onsemi gave revenue guidance for Q1 2024 of $1,800 to $1,900 million, the company said. It also said share repurchases for full-year 2023 totaled $564 million, or 140% of free cash flow.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.