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Free cash flow increase was $250 million year over year.
July 29, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
onsemi announced results for the second quarter of 2024 with the following highlights: • Revenue of $1,735.2 million • GAAP gross margin and non-GAAP gross margin of 45.2% and 45.3%, respectively • GAAP operating margin and non-GAAP operating margin of 22.4% and 27.5%, respectively • GAAP diluted earnings per share and non-GAAP diluted earnings per share of $0.78 and $0.96, respectively • Returned ~$650 million of free cash flow over last twelve months to shareholders through stock r...
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