onsemi has announced its fourth quarter and 2024 results with impressive growth.
Takeaway Points
- onsemi has announced its fourth quarter and 2024 results.
- The company made fourth-quarter revenue of $1,722.5 million, fourth-quarter GAAP gross margin, etc.
- onsemi will host a conference call for the financial community at 9 a.m. Eastern Time (EST) today, Feb 10, 2025.
- The company will also provide a real-time audio webcast of the teleconference on the Investor Relations page of its website.
- Investors and interested parties can also access the conference call by pre-registering.
Onsemi on Monday announced its fourth quarter and fiscal year 2024 results. According to the company, it made fourth-quarter revenue of $1,722.5 million, a fourth-quarter GAAP gross margin and non-GAAP gross margin of 45.2 percent and 45.3 percent, and a fourth-quarter GAAP operating margin and non-GAAP operating margin of 23.7 percent and 26.7 percent, respectively.
Fourth quarter GAAP diluted earnings per share of $0.88 and non-GAAP diluted earnings per share of $0.95, and full year 2024 free cash flow of $1.2 billion, a 3X increase year-over-year, onsemi added.
Hassane El-Khoury, president and CEO, Onsemi, said, “As we continue to navigate this market downturn, our actions over the last four years have proven we are a structurally different company that is well-equipped to navigate prolonged volatility. While 2025 remains uncertain, we remain committed to our long-term strategy. We will maintain our financial discipline, streamline our operations and continue to deliver high-value, differentiated intelligent power and sensing solutions that position onsemi to emerge even stronger.”
Onsemi, in a statement, said, “We believe these non-GAAP measures provide important supplemental information to investors. We use these measures, together with GAAP measures, for internal managerial purposes and as a means to evaluate period-to-period comparisons. However, we do not, and you should not, rely on non-GAAP financial measures alone as measures of our performance.”
When will it host TELECONFERENCE?
onsemi said it will host a conference call for the financial community at 9 a.m. Eastern Time (EST) today, Feb 10, 2025, to discuss the announcement and its results for the fourth quarter of 2024 and fiscal year 2024. The company will also provide a real-time audio webcast of the teleconference on the Investor Relations page of its website at http://www.onsemi.com.
Availability
The webcast replay will be available at the site about one hour following the live broadcast and will continue to be available for about 30 days following the conference call. Investors and interested parties can also access the conference call by pre-registering, the company said in a statement.
About onsemi
onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way to creating a safer, cleaner and smarter world. onsemi is recognized as a Fortune 500® company and included in the Nasdaq-100 Index® and S&P 500® index. Learn more about onsemi at www.onsemi.com.
