Post by onsemi

onsemi ($ON) has released Q1'26 earnings results with total revenue of $1.513 billion. “With our operational improvements, we delivered strong operating leverage in our business with a 10% year-over-year increase in operating income, outpacing revenue growth by 2x," said Thad Trent, EVP and CFO of onsemi. "The strength of our portfolio and optimized cost structure position us to accelerate margins and earnings as market conditions continue to improve.” Key highlights from the quarter include: - GAAP and non-GAAP gross margin of 38.5% - GAAP operating margin of (3.5)% and non-GAAP operating margin 19.1% - GAAP diluted loss per share of ($0.08) and non-GAAP diluted earnings per share $0.64 - Share repurchases of $346 million, representing approximately 160% of free cash flow For a deeper dive into the numbers announced today, read our full press release: https://lnkd.in/geuRWHd2