ON Semiconductor Corp.: Q3 Earnings Snapshot
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — ON Semiconductor Corp. (ON) on Monday reported third-quarter net income of $582.7 million.
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SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — ON Semiconductor Corp. (ON) on Monday reported third-quarter net income of $582.7 million.
Record revenue in automotive and industrial end markets with notable improvements in silicon carbide operation
Intel Corporation (NASDAQ: INTC) shares have seen a 5.5% increase over the five trading sessions, reaching $35.56, with no significant change in their price on Monday.
Stocks that are trading heavily or have substantial price changes on Monday: Western Digital, Lumentum rise; ON Semiconductor, Revvity fall.
ON Semiconductor Corp (NASDAQ: ON) stock reported a third-quarter FY23 revenue decline of 0.5% year-on-year to $2.18 billion, beating the consensus of $2.15 billion. The Intel Corp (NASDAQ: INTC) rival's adjusted EPS of $1.39 beat the consensus of $1.34. Revenue from Power Solutions Group (PSG) grew 10% Y/Y to $1.23 billion, Advanced Solutions Group (ASG) decreased 15% Y/Y to $621.6 million, and Intelligent Sensing Group (ISG) fell by 4% Y/Y to $328.6 million. The adjusted gross margin declined