The company said revenue for Q1 2024 (ended March 29, 2024) was $1,862.7 million, with GAAP gross margin of 45.8% and GAAP operating margin of 28.2%. Revenue was $2,018.1 million in the prior quarter and $1,959.7 million in Q1 2023.

1. 01

   The company said revenue for Q1 2024 (ended March 29, 2024) was $1,862.7 million, with GAAP gross margin of 45.8% and GAAP operating margin of 28.2%. Revenue was $2,018.1 million in the prior quarter and $1,959.7 million in Q1 2023.

2. 02

   ON Semiconductor reported revenue by business segment for Q1 2024: PSG $874.2 million, AMG $697.0 million and ISG $291.5 million. Compared with the prior quarter, PSG fell 9%, AMG fell 6% and ISG fell 5%.

3. 03

   The company said GAAP net income attributable to ON Semiconductor for Q1 2024 was $453.0 million, and GAAP diluted earnings per share was $1.04. Non-GAAP net income attributable to ON Semiconductor for the same quarter was $464.5 million, and non-GAAP diluted earnings per share was $1.08.

4. 04

   The company reported net cash provided by operating activities of $498.7 million for Q1 2024 and purchases of property, plant and equipment of $222.4 million, resulting in free cash flow of $276.3 million. It said it used $100.0 million to repurchase shares in the same quarter.

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.

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.