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Onsemi achieved record annual revenue ($2,103.6 million), gross margin, and free cash flow.
February 6, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
onsemi announced its fourth quarter and fiscal year 2022 results with the following highlights: • Fourth quarter revenue of $2,103.6 million increased by 14% year-over-year • Fourth quarter GAAP gross margin of 48.5% increased by 343 bps year-over-year and non-GAAP gross margin of 48.4% increased by 321 bps year-over-year • Record fourth quarter automotive revenue of $989 million grew 54% year-over-year • Fourth quarter GAAP and non-GAAP diluted earnings per share of $1.35 and $1.32, respe...
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