NASDAQ$ON
ON Semiconductor Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
ON Semiconductor's Q3 2023 results exceeded expectations, achieving record revenue in automotive and industrial end markets, and demonstrating resilience amid market softness.
ON Semiconductor (onsemi) reported strong Q3 2023 results, exceeding expectations with a revenue of $2,180.8 million. The company achieved record revenue in the automotive and industrial end markets. GAAP EPS was $1.29, and non-GAAP EPS was $1.39. The business demonstrated resilience amid market softness through disciplined execution and structural improvements.
- Revenue reached $2,180.8 million.
- GAAP and non-GAAP gross margin were 47.3 percent.
- GAAP and non-GAAP operating margins were 31.5 percent and 32.6 percent, respectively.
- GAAP and non-GAAP diluted earnings per share were $1.29 and $1.39, respectively.
Headline financials
Revenue & EPS history
ON Semiconductor · Revenue · Quarterly
$2.18B
Forward guidance
ON Semiconductor projects revenue between $1,950 million and $2,050 million, and diluted earnings per share between $1.10 and $1.24 for the fourth quarter of 2023.
Tailwinds
- Revenue between $1,950 to $2,050 million
- Gross Margin 45.4% to 47.4%
- Operating Expenses $314 to $329 million
- Other Income and Expense (including interest), net ($4 million)
- Diluted Earnings Per Share $1.10 to $1.24
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.7%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+5.1%
Avg return
30 days after
54%
37 / 69 earnings
Positive
+18.9%
Q3 2021
Best reaction
-25.0%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.3% | +0.2% | +28.1% | |
| Q4 2025 | +3.5% | +10.9% | -11.4% | |
| Q3 2025 | -0.8% | -4.5% | +14.1% | |
| Q2 2025 | -15.6% | -16.1% | -15.9% | |
| Q1 2025 | -8.4% | -2.2% | +20.0% | |
| Q4 2024 | -8.2% | +1.1% | -16.4% | |
| Q3 2024 | +4.8% | -0.4% | -1.3% | |
| Q2 2024 | +5.4% | -3.2% | +6.4% | |
| Q1 2024 | +3.1% | +3.4% | +4.3% | |
| Q4 2023 | +7.8% | +14.1% | +9.6% | |
| Q3 2023 | -25.0% | -18.3% | -14.2% | |
| Q2 2023 | +2.9% | -2.6% | -5.9% | |
| Q1 2023 | +10.0% | +12.9% | +16.2% | |
| Q4 2022 | +5.7% | +3.6% | +2.7% | |
| Q3 2022 | -8.5% | -6.4% | +11.4% | |
| Q2 2022 | -1.8% | +1.3% | +3.0% | |
| Q1 2022 | +8.4% | +5.8% | +13.7% | |
| Q4 2021 | +14.9% | +2.7% | +1.8% | |
| Q3 2021 | +18.9% | +23.0% | +28.4% | |
| Q2 2021 | +16.2% | +15.9% | +14.4% | |
| Q1 2021 | -4.5% | -0.9% | +1.0% | |
| Q4 2020 | +6.8% | +11.3% | +15.0% | |
| Q3 2020 | -2.9% | +5.4% | +14.6% | |
| Q2 2020 | +5.2% | +5.1% | +8.8% | |
| Q1 2020 | -8.5% | -14.0% | +21.6% | |
| Q4 2019 | -14.4% | -11.7% | -19.1% | |
| Q3 2019 | +9.7% | +9.9% | +14.8% | |
| Q2 2019 | -11.6% | -14.5% | -10.6% | |
| Q1 2019 | +2.8% | +4.8% | -19.5% | |
| Q4 2018 | +7.7% | +13.9% | +8.1% | |
| Q3 2018 | +15.4% | +23.9% | +29.1% | |
| Q2 2018 | -4.8% | -6.7% | -6.8% | |
| Q1 2018 | -3.6% | -1.5% | +11.3% | |
| Q4 2017 | -6.9% | -9.3% | +0.5% | |
| Q3 2017 | -0.2% | -0.4% | -11.2% | |
| Q2 2017 | +8.9% | +5.6% | +9.7% | |
| Q1 2017 | +0.1% | +2.8% | +11.6% | |
| Q4 2016 | +8.3% | +10.3% | +7.6% | |
| Q3 2016 | -1.0% | -3.0% | -1.8% | |
| Q2 2016 | +3.4% | +1.1% | +9.3% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | -12.0% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | -3.9% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q3 2014 | +2.0% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q4 2013 | -4.1% | — | — | |
| Q1 2014 | +3.2% | — | — | |
| Q3 2013 | +4.2% | — | — | |
| Q2 2013 | -10.2% | — | — | |
| Q1 2013 | -2.2% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q3 2012 | +3.0% | — | — | |
| Q2 2012 | -4.7% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2011 | +12.3% | — | — | |
| Q2 2011 | +1.5% | — | — | |
| Q1 2010 | +3.3% | — | — | |
| Q1 2011 | -1.9% | — | — | |
| Q4 2010 | +5.0% | — | — | |
| Q4 2008 | +5.0% | — | — | |
| Q3 2009 | +4.5% | — | — | |
| Q3 2010 | +4.5% | — | — | |
| Q2 2010 | -1.9% | — | — | |
| Q4 2009 | -1.9% | — | — | |
| Q2 2009 | -1.9% | — | — |
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