The company said it reported revenue of $1,735.2 million for Q2 (ended June 28, 2024), a GAAP gross margin of 45.2%, a GAAP operating margin of 22.4%, and GAAP diluted earnings per share of $0.78. Revenue was $1,862.7 million in the prior quarter and $2,094.4 million in the same quarter a year earlier.

1. 01

   The company said it reported revenue of $1,735.2 million for Q2 (ended June 28, 2024), a GAAP gross margin of 45.2%, a GAAP operating margin of 22.4%, and GAAP diluted earnings per share of $0.78. Revenue was $1,862.7 million in the prior quarter and $2,094.4 million in the same quarter a year earlier.

2. 02

   ON Semiconductor said revenue for Q2 by segment was $835.2 million for PSG, $647.8 million for AMG and $252.2 million for ISG, down 15%, 18% and 22% year over year, respectively.

3. 03

   The company said restructuring, asset impairments and other charges, net, totaled $72.5 million in Q2, with a GAAP operating margin of 22.4% and a non-GAAP operating margin of 27.5%.

4. 04

   The company said it generated net cash from operating activities of $362.2 million, capital expenditures of $154.5 million and free cash flow of $207.7 million in Q2, and used $150.0 million to repurchase common stock during Q2.

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

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