Press release
onsemi Reports First Quarter 2025 Results
Returned 66% of first quarter Free Cash Flow to stockholders through share repurchases SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- onsemi (the “Company”) (Nasdaq:
About this update from On Semiconductor Corporation
[{"type":"text","content":"\nReturned 66% of first quarter Free Cash Flow to stockholders through share repurchases\n\n SCOTTSDALE, Ariz.--(BUSINESS WIRE)--\nonsemi (the “Company”) (Nasdaq: ON) today announced its first quarter 2025 results with the following highlights:\n\n\nRevenue of $1,445.7 million\n\n\nGAAP gross margin and non-GAAP gross margin of 20.3% and 40.0%, respectively\n\n\nGAAP operating margin and non-GAAP operating margin of (39.7)% and 18.3%, respectively\n\n\nGAAP diluted loss per share and non-GAAP diluted earnings per share of $(1.15) and $0.55, respectively\n\n\nCash from operations of $602 million with free cash flow of $455 million, increasing 72% year-over-year to 31% of revenue\n\n\n“Our results in the first quarter reflect the disciplined approach we have maintained through this downturn – managing our cost structure, right-sizing our manufacturing footprint, and rationalizing our portfolio – enabling us to generate increased free cash flow. We are committed to long-term value creation and we are accelerating our capital return to shareholders while investing in our future growth,” said Hassane El-Khoury, president and CEO, onsemi. “We continue to see strong design win momentum, driven by the industry-leading performance of our products and have secured key wins with major global customers across all end-markets.”\n\nSelected financial results for the quarter are shown below with comparable periods (unaudited):\n\n\n\n \n\n\n\n\nGAAP\n\n\n\n \n\n\n\nNon-GAAP\n\n\n\n\n\n(Revenue and Net Income (Loss) in millions)\n\n\n\n\nQ1 2025\n\n\n\n\nQ4 2024\n\n\n\n\nQ1 2024\n\n\n\n \n\n\n\nQ1 2025\n\n\n\n\nQ4 2024\n\n\n\n\nQ1 2024\n\n\n\n\n\nRevenue\n\n\n\n\n$1,445.7\n\n\n\n\n$1,722.5\n\n\n\n\n$1,862.7\n\n\n\n \n\n\n\n$1,445.7\n\n\n\n\n$1,722.5\n\n\n\n\n$1,862.7\n\n\n\n\n\nGross Margin\n\n\n\n\n20.3 %\n\n\n\n\n45.2 %\n\n\n\n\n45.8 %\n\n\n\n \n\n\n\n40.0 %\n\n\n\n\n45.3 %\n\n\n\n\n45.9 %\n\n\n\n\n\nOperating Margin\n\n\n\n\n(39.7) %\n\n\n\n\n23.7 %\n\n\n\n\n28.2 %\n\n\n\n \n\n\n\n18.3 %\n\n\n\n\n26.7 %\n\n\n\n\n29.0 %\n\n\n\n\n\nNet Income (Loss) attributable to ON Semiconductor Corporation\n\n\n\n\n($486.1)\n\n\n\n\n$379.9\n\n\n\n\n$453.0\n\n\n\n \n\n\n\n$231.6\n\n\n\n\n$404.2\n\n\n\n\n$464.5\n\n\n\n\n\nDiluted Earnings (Loss) Per Share\n\n\n\n\n($1.15)\n\n\n\n\n$0.88\n\n\n\n\n$1.04\n\n\n\n \n\n\n\n$0.55\n\n\n\n\n$0.95\n\n\n\n\n$1.08\n\n\n...