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Automotive and industrial end-markets contribute record 79% of revenue.
May 1, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
onsemi announced results for the first quarter of 2023 with the following highlights: • Revenue of $1,959.7 million, an increase of 1 percent year-over-year • GAAP and non-GAAP gross margin of 46.8 percent • GAAP operating margin and non-GAAP operating margin of 28.8 percent and 32.2 percent respectively • GAAP diluted earnings per share of $1.03, Non-GAAP diluted earnings per share of $1.19 as compared to $1.22 in the quarter a year ago • Automotive revenue grew 38% year-over-year to rec...
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