ON Semiconductor Reports Fourth-Quarter Earnings

SCOTTSDALE, Ariz., Feb. 27, 2023 – ON Semiconductor Corporation (ON) announced its financial results for the fourth quarter ended December 31, 2022.

Earnings:

* Net income: $379.9 million
* Earnings per share: $0.88
* Adjusted earnings per share: $0.95

Revenue:

* Revenue: $1.72 billion

Analyst Expectations:

* Earnings per share: $0.98 (Zacks Investment Research)
* Revenue: $1.76 billion (Zacks Investment Research)

Full-Year Results:

* Net income: $1.57 billion
* Earnings per share: $3.63
* Revenue: $7.08 billion

Forward Guidance:

* First Quarter 2023 EPS: $0.45 - $0.55
* First Quarter 2023 Revenue: $1.35 - $1.45 billion