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Automotive and Industrial end-markets drive growth, contribute 80% of revenue.
August 1, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
onsemi announced results for the second quarter of 2023 with the following highlights: • Revenue of $2,094.4 million, flat year-over-year • GAAP and non-GAAP gross margin of 47.4% • GAAP operating margin and non-GAAP operating margin of 32.2% and 32.8% respectively • GAAP diluted earnings per share of $1.29 and non-GAAP diluted earnings per share of $1.33, approximately flat compared to $1.34 in the quarter a year ago • Record Automotive revenue exceeded $1 billion increased 35% year-over...
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