Flexible Electronics News

onsemi Reports 4Q, Full Year 2023 Earnings

Record automotive revenue in 2023 increased 29% year-over-year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

onsemi announced its fourth quarter and fiscal year 2023 results with the following highlights: • Fourth quarter revenue of $2,018.1 million • Fourth quarter GAAP and non-GAAP gross margin of 46.7% • GAAP operating margin and non-GAAP operating margin of 30.3% and 31.6%, respectively • GAAP diluted earnings per share and non-GAAP diluted earnings per share of $1.28 and $1.25, respectively • Full year 2023 record automotive revenue of $4.3 billion increased 29% year-over-year • Full year 20...

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