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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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    • ON Semiconductor Names Hassane El-Khoury as Next CEO
    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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    Gregory Waters, Bruce Kiddoo Join ON Semiconductor Board of Directors Gregory Waters, Bruce Kiddoo Join ON Semiconductor Board of Directors
    ON Semiconductor Names Hassane El-Khoury as Next CEO ON Semiconductor Names Hassane El-Khoury as Next CEO
    ON Semiconductor Named to Dow Jones Sustainability Index for 3rd Straight Year ON Semiconductor Named to Dow Jones Sustainability Index for 3rd Straight Year
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    SUBARU Selects ON Semiconductor Image Sensing Technology for EyeSight Driver Assist Platform SUBARU Selects ON Semiconductor Image Sensing Technology for EyeSight Driver Assist Platform
    Ben-Gurion, Rice University Researchers Develop Technology that Filters COVID-19 Particles Ben-Gurion, Rice University Researchers Develop Technology that Filters COVID-19 Particles
    Laser-Induced Graphene Technology that Can Filter COVID-19 Airborne Particles Laser-Induced Graphene Technology that Can Filter COVID-19 Airborne Particles

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