Flexible Electronics News

onsemi Reports Record Revenue, Margins for 1Q 2022

Semiconductor company reports record revenue of $1,945 million, an increase of 31% year-over-year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

onsemi announced results for the first quarter of 2022 with the following highlights: • Record revenue of $1,945.0 million, an increase of 31% year-over-year. • GAAP diluted earnings per share of $1.18 as compared to $0.20 in the quarter a year ago. • Record non-GAAP diluted earnings per share of $1.22 as compared to $0.35 in the quarter a year ago. • Record GAAP and non-GAAP gross margin of 49.4% increased 1,420 basis points year-over-year. • Record GAAP operating margin of 33.3% increased...

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