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ON Semiconductor Reports 1Q 2020 Results

Notes revenue of $1,277.9 million, GAAP and non-GAAP gross margin of 31.5%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ON Semiconductor Corporation announced that 2020 first quarter revenue was $1,277.9 million, down approximately 8% compared to 2019 first quarter revenue. 2020 first quarter revenue was down approximately 9% as compared to 2019 fourth quarter revenue. “Our first quarter revenue and margins were significantly impacted by the slowdown in global macroeconomic activity, supply constraints and resulting underutilization due to government mandated lockdowns in many parts of the world aimed at c...

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