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ON Semiconductor Corp (NASDAQ: ON) reported third-quarter FY22 income progress of 26% year-on-year to $2.19 billion, beating the consensus of $2.12 billion.
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Income from Energy Options Group (PSG) grew 25% Y/Y to $1.12 billion, Superior Options Group (ASG) elevated 20% Y/Y to $734.3 million, and Clever Sensing Group (ISG) rose 45% Y/Y to $342.2 million.
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The non-GAAP gross margin expanded by 780 bps to 49.3%, and the non-GAAP working margin expanded by 1,090 bps to 35.4%.
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Non-GAAP EPS of $1.45 beat the consensus of $1.32.
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ON Semiconductor generated $731 million in free money stream and held $2.5 billion in money and equivalents.
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“onsemi has delivered one other quarter of file outcomes stemming from continued progress in our focus markets of automotive and industrial. We stay assured in our long-term outlook as we proceed to win the place semiconductor content material progress is accelerating for automobile electrification, power infrastructure, superior security, and manufacturing facility automation,” stated Hassane El-Khoury, president and CEO of onsemi.
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Outlook: ON Semiconductor sees This fall income of $2.01 billion – $2.14 billion, versus the consensus of $2.10 billion.
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It sees non-GAAP EPS of $1.18 – $1.34 versus the consensus of $1.25.
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Value Motion: ON shares traded decrease by 5.31% at $63.90 on the final examine Monday.
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Photograph By way of Firm
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