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    Breaking News

    ON Semiconductor Reports 1Q 2020 Results

    Notes revenue of $1,277.9 million, GAAP and non-GAAP gross margin of 31.5%.

    ON Semiconductor Reports 1Q 2020 Results
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    Printed Electronics Now Staff05.12.20
    ON Semiconductor Corporation announced that 2020 first quarter revenue was $1,277.9 million, down approximately 8% compared to 2019 first quarter revenue. 2020 first quarter revenue was down approximately 9% as compared to 2019 fourth quarter revenue.

    "Our first quarter revenue and margins were significantly impacted by the slowdown in global macroeconomic activity, supply constraints and resulting underutilization due to government mandated lockdowns in many parts of the world aimed at containing spread of COVID-19. Despite disruptions from the pandemic, our teams around the globe showed exemplary dedication in support of first responders and critical customers,” said Keith Jackson, president and CEO of ON Semiconductor. “While current conditions are causing short-term dislocations, our long-term goals and strategy remain unchanged. Key secular megatrends driving our business remain intact, and we are making both structural and tactical changes to align our business with current conditions and to drive long-term growth in profitability and free cash flow."

    "We are optimistic that the global community should be able to overcome current crisis,” added Jackson. “Our customers are placing orders in expectation of recovery in the second half of current year, and we are well positioned to show accelerated progress towards our target financial model as global macroeconomic environment recovers."
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    Dyadic, VTT Developing Efficient Production Method for COVID-19 Vaccines Dyadic, VTT Developing Efficient Production Method for COVID-19 Vaccines

    Related Breaking News

    • Breaking News | Semiconductors and Quantum Dots | Sensors and Wearables
      ON Semiconductor Intelligent Sensing Technologies Enable 360° Vision in AutoX Gen5 Platform

      ON Semiconductor Intelligent Sensing Technologies Enable 360° Vision in AutoX Gen5 Platform

      AutoX RoboTaxis are equipped with advanced camera sensors and LiDAR detectors for the highest level of safety.
      07.16.21

    • Breaking News | Mergers and Acquisitions | Sensors and Wearables
      Sensirion Acquires IRsweep

      Sensirion Acquires IRsweep

      IRsweep, based in Stäfa, Switzerland, develops, manufactures, and supplies optical spectroscopy solutions.
      05.10.21

    • Breaking News | Financial News | Semiconductors and Quantum Dots | Suppliers News
      ON Semiconductor Reports 1Q 2021 Results

      ON Semiconductor Reports 1Q 2021 Results

      Free cash flow of $141.5 million compared to $33.7 million in the quarter a year ago.
      05.10.21


    • Breaking News | Semiconductors and Quantum Dots
      ON Semiconductor Announces New 650V Silicon Carbide MOSFETs

      ON Semiconductor Announces New 650V Silicon Carbide MOSFETs

      For "demanding applications where power density, efficiency and reliability are key considerations."
      03.02.21

    • Breaking News | Semiconductors and Quantum Dots | Sensors and Wearables
      Avnet, ON Semiconductor Accelerate IoT Innovation with New Development Framework

      Avnet, ON Semiconductor Accelerate IoT Innovation with New Development Framework

      Complete cloud-based ecosystem removes development obstacles for IoT device OEMs through trusted partners and state-of-the-art building blocks.
      02.12.21

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