onsemi Reports Fourth Quarter and Full Year 2023 Earnings

Selected financial results for 2023 and 2022 are shown below:

 

GAAP

Non-GAAP

 

Year Ended

Year Ended

(Revenue and Net Income in millions)

December 31,
2023

December 31,
2022

December 31,
2023

December 31,
2022

Revenue

$

8,253.0

 

$

8,326.2

 

$

8,253.0

 

$

8,326.2

 

Gross Margin

 

47.1

%

 

49.0

%

 

47.1

%

 

49.2

%

Operating Margin

 

30.8

%

 

28.3

%

 

32.3

%

 

34.5

%

Net Income attributable to onsemi

$

2,183.7

 

$

1,902.2

 

$

2,256.2

 

$

2,347.7

 

Diluted Earnings Per Share

$

4.89

 

$

4.25

 

$

5.16

 

$

5.33

 

Revenue Summary

($ in millions)

(Unaudited)

 

 

Three Months Ended

 

 

Business Segment

Q4 2023

 

Q3 2023

 

Q4 2022

Sequential Change

Year-over-Year Change

PSG

$

1,085.8

$

1,230.6

$

1,048.4

(12

)%

4

%

ASG

 

624.6

 

621.6

 

701.0

%

(11

)%

ISG

 

307.7

 

328.6

 

354.2

(6

)%

(13

)%

Total

$

2,018.1

$

2,180.8

$

2,103.6

(7

)%

(4

)%

 

Year Ended

 

Business Segment

December 31,
2023

December 31,
2022

Year-over-Year Change

PSG

$

4,449.0

$

4,208.2

6

%

ASG

 

2,488.5

 

2,841.3

(12

)%

ISG

 

1,315.5

 

1,276.7

3

%

Total

$

8,253.0

$

8,326.2

(1

)%


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