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1、onsemi First Quarter 2024 Results Exceed ExpectationsIncreased free cash flow approximately 3x year-over-yearSCOTTSDALE,Ariz,Apr 29,2024 onsemi(the“Company”)(Nasdaq:ON)today announced results for the first quarter of 2024 with the following highlights:Revenue of$1,862.7 millionGAAP gross margin and

2、non-GAAP gross margin of 45.8 percent and 45.9 percent,respectivelyGAAP operating margin and non-GAAP operating margin of 28.2 percent and 29.0 percent,respectivelyGAAP diluted earnings per share and non-GAAP diluted earnings per share of$1.04 and$1.08,respectivelyReturned 100%of free cash flow over

3、 last twelve months to shareholders through stock repurchases“The structural changes we have made to the business over the last three years have enabled us to sustain our gross margin despite challenging market conditions,”said Hassane El-Khoury,president and chief executive officer of onsemi.“In th

4、e current environment,we remain focused on execution while investing for our long-term growth.As power continues to play a critical role in the worlds increasing energy demands,efficiency is paramount,and we are positioned to continue to gain share with our portfolio of industry-leading power and se

5、nsing technologies.”Selected financial results for the quarter are shown below with comparable periods(unaudited):GAAPNon-GAAP(Revenue and Net Income in millions)Q1 2024Q4 2023Q1 2023Q1 2024Q4 2023Q1 2023Revenue$1,862.7$2,018.1$1,959.7$1,862.7$2,018.1$1,959.7Gross Margin 45.8%46.7%46.8%45.9%46.7%46.

6、8%Operating Margin 28.2%30.3%28.8%29.0%31.6%32.2%Net Income attributable to ON Semiconductor Corporation$453.0$562.7$461.7$464.5$540.9$523.7Diluted Earnings Per Share$1.04$1.28$1.03$1.08$1.25$1.191Revenue Summary(in millions)(Unaudited)Three Months EndedBusiness Segment(1)Q1 2024Q4 2023Q1 2023Sequen