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Achieves record revenue in automotive and industrial end markets.
October 30, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
onsemi announced results for the third quarter of 2023 with the following highlights: • Revenue of $2,180.8 million; GAAP and non-GAAP gross margin of 47.3% • GAAP operating margin and non-GAAP operating margin of 31.5% and 32.6%, respectively • GAAP diluted earnings per share and non-GAAP diluted earnings per share of $1.29 and $1.39, respectively • Record automotive revenue of $1.2 billion, and increased 33% year-over-year • Record industrial revenue of $616 million, up slightly year-over...
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