ON Semiconductor Corp - ON STOCK NEWS

onsemi reported a record revenue of $1,945.0 million for Q1 2022, a 31% increase year-over-year. The GAAP diluted earnings per share hit $1.18, up from $0.20 in Q1 2021, while non-GAAP EPS rose to $1.22 from $0.35. The gross margin reached a record 49.4%, an increase of 1,420 basis points year-over-year. The company projects Q2 2022 revenue between $1,965 million and $2,065 million, with expected diluted EPS of $1.13 to $1.25. The automotive and industrial sectors now account for 65% of the revenue, showcasing a strong growth trajectory.

onsemi (Nasdaq: ON) will announce its first quarter financial results on May 2, 2022, prior to market opening. A conference call will be held at 9 a.m. ET on the same day for investors and interested parties. Participants can access the call via a live webcast on the company's Investor Relations website or through a teleconference by dialing the specified numbers. The re-broadcast of the call will be available about an hour after the live event and will remain accessible for 30 days.

onsemi (Nasdaq: ON) has been named one of the World’s Most Ethical Companies in 2022 by Ethisphere, marking its seventh consecutive year on this prestigious list. The selection highlights onsemi's commitment to ethics, governance, and corporate responsibility, with the company recognized in a field of 136 honorees across 22 countries and 45 industries. Additionally, onsemi's efforts in environmental, social, and governance (ESG) practices have earned it spots on various sustainability lists, including Barron’s 100 Most Sustainable Companies and Corporate Knights’ Clean200.

onsemi has finalized the sale of its wafer fabrication facilities in South Portland, Maine and Belgium. The Maine fab was sold to Diodes Incorporated, which aims to enhance its 200mm wafer fab capacity. The Belgium sale to BelGaN Group BV will position them as a key player in gallium nitride foundry services. These divestitures are part of onsemi's strategy to optimize its manufacturing network, reduce costs, and ensure long-term supply for customers, while maintaining employment opportunities for affected staff.

onsemi reported record annual and quarterly financial results for 2021, with revenue reaching $6.74 billion, a 28.3% year-over-year increase. The fourth quarter saw revenue of $1,846.1 million and GAAP gross margin of 45.1%. Operating income surged six times faster than revenue growth due to a focus on strategic markets like electric vehicles and industrial automation. Free cash flow increased 167% year-over-year, totaling $457.0 million in Q4. The positive outlook for 2022 anticipates revenue between $1.85 billion and $1.95 billion.

onsemi (Nasdaq: ON) will announce its fourth-quarter financial results for the period ending Dec. 31, 2021 on Feb. 7, 2022. The announcement will be made before market opening, followed by a conference call at 9 a.m. EST. Investors can participate via webcast or teleconference. For the teleconference, participants must dial (888) 414-4458 or (646) 960-0166 and provide Conference ID Number 8631312. onsemi focuses on automotive and industrial markets, driving technological advancements in vehicle electrification, sustainable energy, and more.

emotion3D and onsemi have announced a joint reference design for a driver and occupant monitoring system (DOMS) utilizing a single camera, enhancing safety and user experience in vehicles. This innovative solution leverages emotion3D's CABIN EYE AI software and onsemi's AR0820AT image sensor, replacing traditional driver monitoring systems. It meets Euro NCAP and General Safety Regulation standards, promising improved in-cabin analysis across diverse lighting conditions. The system will be showcased at CES in Las Vegas from January 5-7.

On November 4, 2021, SensiML Corporation announced a collaboration with onsemi to provide a comprehensive machine learning solution for autonomous sensor data processing. This partnership combines SensiML's Analytics Toolkit with onsemi's RSL10 Sensor Development Kit, enabling efficient edge sensing for industrial applications.

The platform allows developers to implement predictive algorithms with minimal latency, enhancing operational efficiency and safety in critical processes by reducing reliance on cloud analytics.

ON Semiconductor Corporation (Nasdaq: ON) reported a record revenue of $1,742.1 million for Q3 2021, reflecting a 32% year-over-year increase. The GAAP diluted earnings per share rose to $0.70, up from $0.38, while non-GAAP EPS reached $0.87, compared to $0.27 last year. Margins improved significantly, with GAAP gross margin at 41.4% and operating margin at 22.9%. Free cash flow stood at $355.7 million, highlighting strong operational performance and a robust outlook for Q4 2021, projecting revenue between $1,740 to $1,840 million.