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AI English summary of an SEC filing — figures as filed

ON Semiconductor logoON Semiconductor ON

The company said revenue for Q3 2024 was $1,761.9 million, with GAAP gross margin of 45.4%, GAAP operating margin of 25.3% and GAAP diluted earnings per share of $0.93. The quarter ended on September 27, 2024.

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

Key points

AI summary
  1. The company said revenue for Q3 2024 was $1,761.9 million, with GAAP gross margin of 45.4%, GAAP operating margin of 25.3% and GAAP diluted earnings per share of $0.93. The quarter ended on September 27, 2024.

  2. ON Semiconductor said total revenue for Q3 rose 2% from the previous quarter and fell 19% from a year earlier. Revenue by segment was $829.4 million for PSG, $653.7 million for AMG and $278.8 million for ISG.

  3. The company reported net cash provided by operating activities of $465.8 million and free cash flow of $293.6 million for Q3. It used $200.0 million for repurchases of common stock in the same quarter.

  4. ON Semiconductor gave GAAP revenue guidance of $1,710 to $1,810 million for Q4 2024, a gross margin of 43.9% to 45.9% and diluted earnings per share of $0.88 to $1.00.

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.

Q3 Revenue and Margins

The company said revenue for Q3 2024 was $1,761.9 million, with GAAP gross margin of 45.4%, GAAP operating margin of 25.3% and GAAP diluted earnings per share of $0.93. The quarter ended on September 27, 2024.

Source · Based on the filing body and exhibits

Segment Revenue Changes

ON Semiconductor said total revenue for Q3 rose 2% from the previous quarter and fell 19% from a year earlier. Revenue by segment was $829.4 million for PSG, $653.7 million for AMG and $278.8 million for ISG.

Source · Based on the filing body and exhibits

Q3 Cash Flow and Share Repurchases

The company reported net cash provided by operating activities of $465.8 million and free cash flow of $293.6 million for Q3. It used $200.0 million for repurchases of common stock in the same quarter.

Source · Based on the filing body and exhibits

Q4 2024 Outlook

ON Semiconductor gave GAAP revenue guidance of $1,710 to $1,810 million for Q4 2024, a gross margin of 43.9% to 45.9% and diluted earnings per share of $0.88 to $1.00.

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.